Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.012%

Price spread now: Vest against Bybit−0.141%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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.141% cheaper against Bybit than usual: you would sell low and buy high (spread −0.141% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 24 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HOODUSDT	120.57	0	get 0.0000% / 8h	32m 46s	$3.7M	$8.8M	25x
Short	Vest HOOD-USD-PERP	120.40	0.0019	get 0.0002% / 1h	32m 46s	—	$63K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.141%Rate

Funding earned: $4.05
Price spread: −0.141% → 0.000%: −$14.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$23.05
Costs to cover: 0.130%
Break-even: 46.9 days

Slippage unknown: Bybit: live order book, 5 min ago; Vest: 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, 5 min ago	0.83 bp	16.2 bp −$16	50.0 bp −$500	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	120.48	−0.075%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0175%	8h	120.61	+0.033%	$598K	$7.6M	50x	as long as short
Bitget HOODUSDT	−0.0089%	8h	120.67	+0.083%	$5.5M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.58	+0.007%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.53	−0.034%	$356K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.57	−0.002%	$20.8M	$92.0M	20x	as long as short
Bybit HOODUSDTlong	0.0000%	8h	120.57	long leg	$3.7M	$8.8M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	120.55	−0.017%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.66	+0.072%	$2.2M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.58	+0.008%	$852K	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDT	0.0000%	8h	120.58	+0.008%	$987K	$8K	10x	as long as short
Polymarket Perps HOOD-USD	+0.0002%	1h	120.39	−0.149%	$251K	$345K	10x	as long as short
edgeX HOODUSDC	+0.0017%	4h	120.74	+0.140%	$363K	$304K	10x	as long as short
Vest HOOD-USD-PERPshort	+0.0019%	1h	120.40	−0.141%	—	$63K	25x
Arcus HOOD-USD	+0.0040%	1h	120.57	0.000%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.58	+0.008%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.51	−0.050%	$51.1M	$26.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.56	−0.007%	$722	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.59	+0.017%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0088%	1h	120.55	−0.018%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.55	−0.014%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.56	−0.008%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.50	−0.058%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.58	+0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.55	−0.020%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.59	+0.017%	$173K	$170K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	120.67	+0.083%	$197K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.71	+0.116%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.64	+0.056%	$397K	$1.4M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0580%	1h	120.58	+0.008%	$6K	$52K	10x	as long as short