Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bybit−0.198%99s7-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 ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

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. ApeX Omni is 0.198% cheaper against Bybit than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.092% in total) that is about 15 days. The two prices were read 99 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	Bybit HOODUSDT	121.05	0	get 0.0000% / 8h	3h 05m	$3.9M	$8.7M	25x
Short	ApeX Omni HOODUSDT	120.81	0.0100	get 0.0013% / 1h	5m 45s	$5K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.198%Rate

Funding earned: $21
Price spread: −0.198% → 0.000%: −$19.83
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.83
Costs to cover: 0.210%
Break-even: 13.6 days

Slippage unknown: Bybit: live order book, 2 min ago; ApeX Omni: 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, 2 min ago	1.24 bp	10.4 bp −$10	26.8 bp −$268	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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	120.88	−0.140%	$58K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0149%	8h	121.03	−0.017%	$5.4M	$9.7M	20x	as long as short
Gate HOOD_USDT	−0.0137%	8h	121.04	−0.008%	$572K	$7.7M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.07	+0.013%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.01	−0.034%	$360K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.04	−0.008%	$20.8M	$91.3M	20x	as long as short
Bybit HOODUSDTlong	0.0000%	8h	121.05	long leg	$3.9M	$8.7M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	120.96	−0.074%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.04	−0.008%	$383K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.00	−0.042%	$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	120.88	−0.140%	$848K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.02	−0.025%	$990K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0015%	1h	120.74	−0.256%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.00	−0.041%	$1.3M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.89	−0.132%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.00	−0.041%	$51.3M	$28.3M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.82	−0.190%	$251K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.98	−0.060%	$727	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.77	−0.231%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.97	−0.064%	$67K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.98	−0.058%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDTshort	+0.0100%	1h	120.81	−0.198%	$5K	$41K	50x
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.02	−0.025%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.97	−0.065%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	+0.041%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.99	−0.050%	$174K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.94	−0.091%	$28K	$238K	10x	as long as short
Lighter HOOD	+0.0152%	1h	120.98	−0.055%	$2.8M	$3.2M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0660%	1h	121.01	−0.033%	$6K	$54K	10x	as long as short
edgeX HOODUSDC	+0.0805%	4h	120.91	−0.113%	$364K	$304K	10x	as long as short