Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0192%/8hnext payment +$0.24 per $10,000 · paid last 24h +0.038%

Price spread now: Deribit against Coinbase International+0.032%7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.118%+$12 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now +0.032%, 7d avg +0.173%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.141% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.173%). If the spread goes back, that is −$14 on $10k: about 2.4 days of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.118% in total) that is about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HOOD-PERP-INTX	124.62	0.0280	pay 0.0035% / 1h	22m 05s	$419K	$1.6M	10x
Short	Deribit HOOD_USDC-PERPETUAL	124.66	0.0472	get 0.0059% / 1h	22m 05s	$6K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.032%Rate

Funding earned: $40.42
Price spread: +0.032% → +0.173%: −$14.12
Slippage, 4 orders: −$18.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.57
Costs to cover: 0.359%
Break-even: 8.7 days

Slippage from Coinbase International: live order book, 1 min ago; Deribit: live order book, 10 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 Coinbase International live order book, 1 min ago	2.41 bp	7.4 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit
Sell Deribit live order book, 10 min ago	5.63 bp	11.5 bp −$12	14.0 bp −$140	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
Arcus HOOD-USD	−0.0761%	1h	124.57	−0.040%	$1.1M	$1.7M	10x	as long as short
Aster HOODUSDT	0.0000%	8h	124.64	+0.014%	$114K	$257K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	124.64	+0.019%	$421K	$1.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	124.65	+0.024%	$24.1M	$81.7M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	124.60	−0.016%	$4.1M	$8.2M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	124.63	+0.008%	$3.1M	$5.5M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	124.61	−0.010%	$419K	$1.5M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	124.60	−0.016%	$548K	$7.7M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	124.71	+0.076%	$2.4M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	124.67	+0.041%	$872K	$2.4M	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	124.64	+0.016%	$1.0M	$9K	10x	as long as short
Polymarket Perps HOOD-USD	+0.0012%	1h	124.40	−0.177%	$253K	$275K	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	124.55	−0.056%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	124.61	−0.004%	$747	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	124.54	−0.064%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0051%	1h	124.59	−0.024%	$1.3M	$3.9M	10x	as long as short
Bitget HOODUSDT	+0.0058%	8h	124.65	+0.024%	$5.8M	$8.9M	20x	as long as short
Pacifica HOOD	+0.0100%	1h	124.58	−0.030%	$78K	$103K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	124.64	+0.016%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	124.63	+0.008%	$46K	$252K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	124.65	+0.024%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	124.64	+0.019%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	124.64	+0.016%	$192K	$119K	20x	as long as short
Lighter HOOD	+0.0208%	1h	124.66	+0.034%	$3.2M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0212%	1h	124.63	+0.008%	$53.2M	$28.2M	10x	as long as short
Phoenix HOOD	+0.0257%	1h	124.73	+0.088%	$28K	$186K	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0280%	1h	124.62	long leg	$419K	$1.6M	10x
edgeX HOODUSDC	+0.0307%	4h	124.69	+0.055%	$375K	$306K	10x	as long as short
Injective HOOD/USDC PERP	+0.0323%	1h	124.35	−0.217%	$64K	$50K	30x	as long as short
Deribit HOOD_USDC-PERPETUALshort	+0.0472%	1h	124.66	+0.032%	$6K	$180K	10x