Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%

Price spread now: Gate against Bybit−0.025%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.025%, 7d avg +0.011%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.036% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HOODUSDT	121.56	0	get 0.0000% / 8h	6h 38m	$3.9M	$8.8M	25x
Short	Gate HOOD_USDT	121.53	0	get 0.0000% / 8h	6h 38m	$575K	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.011%: −$3.55
Slippage, 4 orders: −$38.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.42
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 5 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	1.23 bp	14.7 bp −$15	43.9 bp −$439	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.46 bp	29.4 bp −$29	72.8 bp −$728	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	−0.0123%	1h	121.18	−0.313%	$251K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.46	−0.086%	$106K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.46	−0.085%	$358K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.55	−0.008%	$21.1M	$90.9M	20x	as long as short
Bybit HOODUSDTlong	0.0000%	8h	121.56	long leg	$3.9M	$8.8M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	121.56	0.000%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.37	−0.156%	$372K	$1.4M	10x	as long as short
Gate HOOD_USDTshort	0.0000%	8h	121.53	−0.025%	$575K	$7.6M	50x
Bitget HOODUSDT	0.0000%	8h	121.61	+0.041%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.58	+0.017%	$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	121.59	+0.026%	$854K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.43	−0.107%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.43	−0.107%	$993K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.57	+0.008%	$2.9M	$3.0M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.41	−0.123%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0034%	1h	121.25	−0.255%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.51	−0.041%	$1.1M	$1.8M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.35	−0.176%	$731	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.51	−0.041%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.42	−0.115%	$196K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0072%	1h	121.54	−0.016%	$52.4M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.36	−0.165%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.48	−0.066%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.74	+0.148%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.45	−0.090%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.41	−0.124%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.362%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.148%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.74	+0.148%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0823%	4h	121.84	+0.228%	$367K	$303K	10x	as long as short