Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: Bybit against Binance+0.008%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 2 days (all we have)−0.017%−$2 · spread now +0.008%, 7d avg −0.022%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.030% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HOODUSDT	121.94	0	get 0.0000% / 8h	6h 17m	$21.1M	$90.6M	20x
Short	Bybit HOODUSDT	121.95	0	get 0.0000% / 8h	6h 17m	$3.9M	$8.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.022%: $3.05
Slippage, 4 orders: −$20.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.53
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 1 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 Binance live order book, 10 min ago	0.41 bp	7.8 bp −$8	14.2 bp −$142	50.3 bp −$5,033	doesn't fit
Sell Bybit live order book, 1 min ago	2.46 bp	13.1 bp −$13	31.4 bp −$314	924.2 bp −$92.4K	doesn't fit

HOOD on 29 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
Polymarket Perps HOOD-USD	−0.0126%	1h	121.72	−0.180%	$253K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.93	−0.006%	$107K	$274K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.92	−0.018%	$359K	$1.4M	10x	as long as short
Binance HOODUSDTlong	0.0000%	8h	121.94	long leg	$21.1M	$90.6M	20x
Bybit HOODUSDTshort	0.0000%	8h	121.95	+0.008%	$3.9M	$8.8M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	121.92	−0.016%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.90	−0.037%	$375K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.92	−0.016%	$576K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.97	+0.025%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.93	−0.006%	$2.3M	$1.1M	—	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.81	−0.106%	$854K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.91	−0.025%	$997K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0028%	1h	121.82	−0.098%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	121.94	+0.001%	$2.9M	$3.1M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.92	−0.016%	$1.3M	$3.9M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.84	−0.082%	$1.1M	$1.7M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.92	−0.021%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.92	−0.016%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.78	−0.131%	$195K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0069%	1h	121.91	−0.025%	$52.4M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.96	+0.016%	$68K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.94	0.000%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.78	−0.131%	$5K	$91K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.92	−0.016%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.91	−0.027%	$16K	—	10x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.459%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.96	+0.016%	$28K	$237K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0324%	1h	121.93	−0.008%	$8K	$68K	10x	as long as short
edgeX HOODUSDC	+0.0462%	4h	121.79	−0.121%	$367K	$305K	10x	as long as short