Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.023%

Price spread now: Polymarket Perps against Binance−0.108%56s7-day average −0.182% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$320.323% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.293%−$29 on $10k

Price spread, last 7 days−0.052%−$5 · spread now −0.108%, 7d avg −0.182%

Together, before fees−0.345%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.074% dearer against Binance than usual: you sell high and buy low (spread −0.108% now, against its 7-day average of −0.182%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.293% in total) that is about 42 hours. The two prices were read 56 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	Binance HOODUSDT	120.39	0	get 0.0000% / 8h	8m 38s	$20.7M	$91.9M	20x
Short	Polymarket Perps HOOD-USD	120.26	−0.0023	pay 0.0003% / 1h	8m 38s	$251K	$345K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$4.8
Price spread: −0.108% → −0.182%: $7.39
Slippage, 4 orders: −$14.27
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.69
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Polymarket Perps: live order book, 29 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, 4 min ago	0.83 bp	7.8 bp −$8	14.7 bp −$147	60.3 bp −$6,028	doesn't fit
Sell Polymarket Perps live order book, 29 min ago	2.07 bp	8.4 bp −$8	8.9 bp −$89	10.3 bp −$1,034	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	−0.0440%	1h	120.22	−0.141%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0162%	8h	120.50	+0.091%	$598K	$7.6M	50x	as long as short
Bitget HOODUSDT	−0.0157%	8h	120.46	+0.058%	$5.5M	$9.9M	20x	as long as short
Polymarket Perps HOOD-USDshort	−0.0023%	1h	120.26	−0.108%	$251K	$345K	10x
Aster HOODUSDT	0.0000%	8h	120.42	+0.024%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.36	−0.023%	$358K	$2.2M	10x	as long as short
Binance HOODUSDTlong	0.0000%	8h	120.39	long leg	$20.7M	$91.9M	20x
Bybit HOODUSDT	0.0000%	8h	120.39	0.000%	$3.7M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.37	−0.017%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.42	+0.025%	$2.2M	$1.0M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	120.42	+0.026%	$844K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.43	+0.033%	$985K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	120.22	−0.141%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.35	−0.033%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.39	0.000%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.31	−0.066%	$51.1M	$26.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.38	−0.007%	$719	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.42	+0.025%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0072%	1h	120.38	−0.008%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.37	−0.015%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.42	+0.025%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.39	0.000%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.40	+0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.36	−0.024%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.43	+0.033%	$173K	$175K	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0166%	1h	120.37	−0.017%	$6K	$52K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	120.33	−0.050%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.43	+0.033%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.45	+0.054%	$402K	$1.4M	10x	as long as short
edgeX HOODUSDC	+0.0701%	4h	120.43	+0.037%	$362K	$303K	10x	as long as short