Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0288%/8h= +31.5% APRpaid last 24h +0.032%

Price spread now: Coinbase International against Bitget−0.199%57s7-day average −0.199% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as 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−$400.402% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.199%, 7d avg −0.199%

Together, before fees+0.296%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.199%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HOODUSDT	120.84	−0.0104	get 0.0104% / 8h	1h 44m	$5.4M	$10.0M	20x
Short	Coinbase International HOOD-PERP-INTX	120.60	0.0184	get 0.0023% / 1h	44m 22s	$196K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.199%Rate

Funding earned: $60.48
Price spread: −0.199% → −0.199%: $0.05
Slippage, 4 orders: −$18.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $20.29
Costs to cover: 0.402%
Break-even: 4.7 days

Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 4 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 Bitget live order book, 4 min ago	2.48 bp	12.2 bp −$12	20.9 bp −$209	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.48 bp	8.3 bp −$8	14.1 bp −$141	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	120.80	−0.033%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0173%	8h	120.84	0.000%	$600K	$7.7M	50x	as long as short
Bitget HOODUSDTlong	−0.0104%	8h	120.84	long leg	$5.4M	$10.0M	20x
Aster HOODUSDT	0.0000%	8h	120.81	−0.024%	$106K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.73	−0.088%	$357K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.81	−0.025%	$20.8M	$92.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.81	−0.025%	$3.7M	$8.9M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.84	0.000%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.70	−0.117%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.78	−0.048%	$853K	$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	120.84	0.000%	$989K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0015%	1h	120.57	−0.223%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.71	−0.108%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.60	−0.199%	$250K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.75	−0.071%	$721	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.75	−0.074%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.78	−0.050%	$1.3M	$3.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.81	−0.024%	$67K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.83	−0.008%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.67	−0.141%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.75	−0.074%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.74	−0.081%	$16K	—	10x	as long as short
Lighter HOOD	+0.0120%	1h	120.80	−0.031%	$2.8M	$3.2M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.78	−0.050%	$175K	$160K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0146%	1h	120.72	−0.099%	$51.3M	$27.9M	10x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0184%	1h	120.60	−0.199%	$196K	$1.8M	10x
Phoenix HOOD	+0.0198%	1h	120.73	−0.091%	$28K	$238K	10x	as long as short
edgeX HOODUSDC	+0.0240%	4h	120.76	−0.063%	$363K	$305K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0330%	1h	120.78	−0.050%	$6K	$52K	10x	as long as short
RISEx HOOD/USDC	+0.0365%	1h	120.86	+0.014%	$374K	$1.4M	10x	as long as short