Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h −0.026%

Price spread now: QFEX against Bitget−0.016%7-day average −0.069% · 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−$31as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.016%, 7d avg −0.069%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.053% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HOODUSDT	123.24	0	get 0.0000% / 8h	1h 23m	$5.6M	$9.1M	20x
Short	QFEX HOOD-USD	123.22	0.0057	get 0.0007% / 1h	23m 59s	$1.3M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $11.88
Price spread: −0.016% → −0.069%: $5.25
Slippage, 4 orders: −$14.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.34
Costs to cover: 0.365%
Break-even: 18.4 days

Slippage from Bitget: live order book, 4 min ago; QFEX: 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	1.62 bp	12.8 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.62 bp	6.6 bp −$7	7.3 bp −$73	17.1 bp −$1,706	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
Polymarket Perps HOOD-USD	−0.0073%	1h	123.09	−0.122%	$263K	$322K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.31	+0.053%	$109K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.29	+0.041%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.27	+0.024%	$3.0M	$5.7M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.27	+0.024%	$401K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.28	+0.032%	$557K	$7.8M	50x	as long as short
Bitget HOODUSDTlong	0.0000%	8h	123.24	long leg	$5.6M	$9.1M	20x
Variational Omni HOOD	0.0000%	8h	123.18	−0.045%	$2.4M	$1.0M	—	as long as short
Phemex HOODUSDT	0.0000%	8h	123.27	+0.024%	$1.0M	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	123.27	+0.028%	$2.9M	$2.1M	10x	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	+0.0035%	8h	123.17	−0.057%	$866K	$2.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.14	−0.081%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.28	+0.030%	$740	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.18	−0.049%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USDshort	+0.0057%	1h	123.22	−0.016%	$1.3M	$4.1M	10x
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.01	−0.187%	$190K	$1.8M	10x	as long as short
Extended HOOD_24_5-USD	+0.0096%	1h	123.30	+0.045%	$417K	$1.2M	10x	as long as short
Binance HOODUSDT	+0.0097%	8h	123.32	+0.065%	$23.7M	$84.0M	20x	as long as short
Pacifica HOOD	+0.0100%	1h	123.21	−0.023%	$80K	$104K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.29	+0.041%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.18	−0.049%	$5K	$132K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.27	+0.024%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.29	+0.040%	$16K	—	10x	as long as short
tradeXYZ xyz:HOOD	+0.0157%	1h	123.27	+0.024%	$53.0M	$29.5M	10x	as long as short
Arcus HOOD-USD	+0.0187%	1h	123.22	−0.016%	$1.1M	$1.7M	10x	as long as short
BloFin HOOD-USDT	+0.0218%	8h	123.24	0.000%	$187K	$123K	20x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.34	+0.081%	$63K	$50K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0318%	1h	123.29	+0.041%	$6K	$80K	10x	as long as short
edgeX HOODUSDC	+0.0360%	4h	123.16	−0.064%	$371K	$306K	10x	as long as short
Phoenix HOOD	+0.0388%	1h	123.18	−0.049%	$28K	$188K	10x	as long as short