Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Bybit−0.046%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.046% cheaper against Bybit than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 35 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HOODUSDT	120.98	0	get 0.0000% / 8h	2h 45m	$3.8M	$8.9M	25x
Short	Aevo HOOD-PERP	120.92	0.0104	get 0.0013% / 1h	45m 06s	$16K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.046%Rate

Funding earned: $21.84
Price spread: −0.046% → 0.000%: −$4.61
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.77
Costs to cover: 0.270%
Break-even: 10.1 days

Slippage unknown: Bybit: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

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 Bybit live order book, 3 min ago	1.65 bp	13.8 bp −$14	43.7 bp −$437	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	120.64	−0.281%	$57K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0171%	8h	121.02	+0.033%	$5.4M	$9.8M	20x	as long as short
Gate HOOD_USDT	−0.0158%	8h	121.01	+0.025%	$582K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0027%	1h	120.80	−0.149%	$251K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.01	+0.021%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.96	−0.018%	$358K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.03	+0.038%	$20.7M	$91.5M	20x	as long as short
Bybit HOODUSDTlong	0.0000%	8h	120.98	long leg	$3.8M	$8.9M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	121.01	+0.025%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.92	−0.046%	$2.3M	$1.1M	—	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	121.05	+0.057%	$849K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.02	+0.033%	$990K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0012%	1h	120.83	−0.124%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.94	−0.036%	$2.8M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.92	−0.050%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.90	−0.066%	$51.2M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.94	−0.029%	$724	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.94	−0.033%	$1.2M	$1.5M	15x	as long as short
QFEX HOOD-USD	+0.0053%	1h	121.01	+0.025%	$1.3M	$3.1M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.94	−0.034%	$67K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.98	0.000%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.99	+0.008%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.96	−0.017%	$2K	$2K	10x	as long as short
Aevo HOOD-PERPshort	+0.0104%	1h	120.92	−0.046%	$16K	—	10x
RISEx HOOD/USDC	+0.0109%	1h	121.01	+0.028%	$382K	$1.4M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.98	0.000%	$174K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.99	+0.008%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.77	−0.174%	$193K	$1.8M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0329%	1h	120.96	−0.017%	$6K	$55K	10x	as long as short
edgeX HOODUSDC	+0.0584%	4h	121.04	+0.052%	$364K	$305K	10x	as long as short