Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.135%

Price spread now: edgeX against Aster−0.116%70s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1341.343% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.411%+$41 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.116%, 7d avg +0.013%

Together, before fees+0.565%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.130% cheaper against Aster than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.013%). If the spread goes back, that is −$13 on $10k: about 4.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.411% in total) that is about 2.2 days. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HOODUSDT	120.79	0	get 0.0000% / 8h	1h 26m	$106K	$281K	20x
Short	edgeX HOODUSDC	120.65	0.0094	get 0.0047% / 4h	1h 26m	$363K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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 AsterbpFee edgeXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $19.75
Price spread: −0.116% → +0.013%: −$12.97
Slippage, 4 orders: −$117.33
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$127.56
Costs to cover: 1.343%
Break-even: 52.2 days

Slippage from Aster: live order book, 15 min ago; edgeX: live order book, 17 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 Aster live order book, 15 min ago	4.14 bp	56.2 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	6.63 bp	11.7 bp −$12	20.7 bp −$207	doesn't fit	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
Injective HOOD/USDC PERP	−0.0392%	1h	120.34	−0.375%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0179%	8h	120.82	+0.022%	$600K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0176%	8h	120.82	+0.022%	$5.4M	$9.9M	20x	as long as short
Aster HOODUSDTlong	0.0000%	8h	120.79	long leg	$106K	$281K	20x
Extended HOOD_24_5-USD	0.0000%	1h	120.77	−0.016%	$356K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.84	+0.036%	$20.8M	$92.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.80	+0.005%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.81	+0.014%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.60	−0.161%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.60	−0.160%	$852K	$2.0M	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	120.72	−0.061%	$988K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	120.58	−0.177%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.58	−0.177%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.64	−0.127%	$251K	$345K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.69	−0.084%	$721	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.56	−0.193%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.78	−0.011%	$1.3M	$2.9M	10x	as long as short
Lighter HOOD	+0.0080%	1h	120.74	−0.043%	$2.8M	$3.2M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0084%	1h	120.75	−0.036%	$51.3M	$27.8M	10x	as long as short
edgeX HOODUSDCshort	+0.0094%	4h	120.65	−0.116%	$363K	$303K	10x
Pacifica HOOD	+0.0100%	1h	120.74	−0.041%	$67K	$106K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.74	−0.044%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.61	−0.152%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.69	−0.086%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.67	−0.104%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.67	−0.102%	$174K	$160K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.60	−0.160%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.61	−0.152%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0365%	1h	120.85	+0.048%	$395K	$1.4M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0413%	1h	120.69	−0.086%	$6K	$52K	10x	as long as short