Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h +0.172%

Price spread now: edgeX against Bybit−0.305%61s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as 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−$480.483% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.291%+$29 on $10k

Price spread, last 4 days (all we have)+0.446%+$45 · spread now −0.305%, 7d avg +0.015%

Together, before fees+0.737%+ Points / potential airdropedgeX: Active · farm board+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.320% cheaper against Bybit than usual: you would sell low and buy high (spread −0.305% now, against its 7-day average of +0.015%). If the spread goes back, that is −$32 on $10k: about 2.9 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.291% in total) that is about 7.7 days. The two prices were read 61 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	121.73	0	get 0.0000% / 8h	6h 34m	$3.9M	$8.8M	25x
Short	edgeX HOODUSDC	121.36	0.0374	get 0.0187% / 4h	2h 34m	$365K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.305%Rate

Funding earned: $78.56
Price spread: −0.305% → +0.015%: −$32.03
Slippage, 4 orders: −$28.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1.77
Costs to cover: 0.483%
Break-even: 7.2 days

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 34 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 Bybit live order book, 4 min ago	2.47 bp	13.5 bp −$13	40.7 bp −$407	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	6.52 bp	11.8 bp −$12	20.8 bp −$208	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
Polymarket Perps HOOD-USD	−0.0119%	1h	121.52	−0.173%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.73	0.000%	$107K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.70	−0.026%	$358K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.73	−0.002%	$21.1M	$90.8M	20x	as long as short
Bybit HOODUSDTlong	0.0000%	8h	121.73	long leg	$3.9M	$8.8M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	121.77	+0.033%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.72	−0.012%	$374K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.78	+0.041%	$577K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.79	+0.049%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.75	+0.013%	$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	121.45	−0.232%	$853K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.72	−0.008%	$996K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.73	+0.002%	$2.9M	$3.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0033%	1h	121.51	−0.181%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.66	−0.058%	$1.3M	$4.0M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.63	−0.082%	$1.1M	$1.7M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.75	+0.021%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.60	−0.107%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.42	−0.255%	$196K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0074%	1h	121.69	−0.033%	$52.5M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.74	+0.008%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.67	−0.049%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.55	−0.148%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.74	+0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.73	+0.003%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.222%	$182K	$162K	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0161%	1h	121.79	+0.049%	$7K	$68K	10x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.288%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.63	−0.082%	$28K	$237K	10x	as long as short
edgeX HOODUSDCshort	+0.0374%	4h	121.36	−0.305%	$365K	$304K	10x