Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0772%/8hnext payment +$0.97 per $10,000 · paid last 24h −0.034%

Price spread now: Polymarket Perps against Arcus−0.177%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.296%−$30 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.177%, 7d avg −0.090%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.087% cheaper against Arcus than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.090%). If the spread goes back, that is −$9 on $10k: about 9 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 3 days funding on this pair cost −0.296%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HOOD-USD	124.62	−0.0761	get 0.0095% / 1h	22m 49s	$1.1M	$1.7M	10x
Short	Polymarket Perps HOOD-USD	124.40	0.0012	get 0.0001% / 1h	22m 49s	$253K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now −0.177%Rate

Funding earned: $162.18
Price spread: −0.177% → −0.090%: −$8.69
Slippage, 4 orders: −$15.71
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $125.28
Costs to cover: 0.282%
Break-even: 1.6 days

Slippage from Arcus: live order book, 1 min ago; Polymarket Perps: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 1 min ago	1.20 bp	6.0 bp −$6	7.6 bp −$76	19.6 bp −$1,963	doesn't fit
Sell Polymarket Perps live order book, 8 min ago	1.61 bp	6.0 bp −$6	6.4 bp −$64	14.4 bp −$1,435	doesn't fit

HOOD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HOOD-USDlong	−0.0761%	1h	124.62	long leg	$1.1M	$1.7M	10x
Aster HOODUSDT	0.0000%	8h	124.66	+0.030%	$114K	$257K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	124.68	+0.048%	$421K	$1.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	124.67	+0.040%	$24.1M	$81.7M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	124.58	−0.032%	$4.1M	$8.2M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	124.68	+0.048%	$3.1M	$5.5M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	124.59	−0.024%	$419K	$1.5M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	124.61	−0.008%	$548K	$7.7M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	124.71	+0.076%	$2.4M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	124.67	+0.041%	$872K	$2.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDT	0.0000%	8h	124.69	+0.056%	$1.0M	$8K	10x	as long as short
Polymarket Perps HOOD-USDshort	+0.0012%	1h	124.40	−0.177%	$253K	$275K	10x
Vest HOOD-USD-PERP	+0.0046%	1h	124.53	−0.072%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	124.66	+0.028%	$747	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	124.49	−0.104%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0051%	1h	124.56	−0.048%	$1.3M	$3.9M	10x	as long as short
Bitget HOODUSDT	+0.0057%	8h	124.70	+0.064%	$5.8M	$8.9M	20x	as long as short
Pacifica HOOD	+0.0100%	1h	124.55	−0.055%	$78K	$103K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	124.64	+0.016%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	124.63	+0.008%	$46K	$252K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	124.66	+0.032%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	124.64	+0.019%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	124.64	+0.016%	$192K	$119K	20x	as long as short
Lighter HOOD	+0.0208%	1h	124.69	+0.059%	$3.2M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0215%	1h	124.62	0.000%	$53.2M	$28.2M	10x	as long as short
Phoenix HOOD	+0.0257%	1h	124.73	+0.088%	$28K	$186K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0280%	1h	124.62	0.000%	$419K	$1.5M	10x	as long as short
edgeX HOODUSDC	+0.0307%	4h	124.69	+0.055%	$375K	$306K	10x	as long as short
Injective HOOD/USDC PERP	+0.0323%	1h	124.35	−0.217%	$64K	$50K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0713%	1h	124.68	+0.048%	$6K	$180K	10x	as long as short