Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0749%/8h= −82.0% APRpaid last 24h −0.116%

Price spread now: Binance against edgeX−0.047%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.241%−$24 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.047%, 7d avg −0.018%

Together, before fees−0.129%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Binance is 0.028% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.241% in total (about -12.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX HOODUSDC	120.95	0.0749	pay 0.0375% / 4h	1h 50m	$364K	$304K	10x
Short	Binance HOODUSDT	120.90	0	get 0.0000% / 8h	1h 50m	$20.8M	$92.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.047%Rate

Funding earned: −$157.29
Price spread: −0.047% → −0.018%: −$2.85
Slippage, 4 orders: −$19.67
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$198.81
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 min ago; Binance: live order book, 7 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 edgeX live order book, 57 min ago	5.78 bp	10.9 bp −$11	19.9 bp −$199	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.24 bp	7.5 bp −$8	16.0 bp −$160	61.2 bp −$6,125	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
Injective HOOD/USDC PERP	−0.0392%	1h	120.80	−0.126%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0171%	8h	120.91	−0.035%	$600K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0081%	8h	120.96	+0.006%	$5.4M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.95	−0.005%	$106K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.85	−0.081%	$357K	$1.3M	10x	as long as short
Binance HOODUSDTshort	0.0000%	8h	120.90	−0.047%	$20.8M	$92.3M	20x
Bybit HOODUSDT	0.0000%	8h	120.89	−0.052%	$3.7M	$8.9M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.85	−0.085%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.95	+0.001%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.97	+0.014%	$853K	$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	120.90	−0.043%	$989K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0014%	1h	120.67	−0.234%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.86	−0.076%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.68	−0.225%	$250K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.86	−0.073%	$722	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.81	−0.118%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.84	−0.093%	$1.3M	$3.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.84	−0.089%	$67K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.93	−0.019%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.85	−0.085%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.88	−0.060%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.85	−0.081%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.91	−0.035%	$174K	$158K	20x	as long as short
Lighter HOOD	+0.0160%	1h	120.90	−0.043%	$2.8M	$3.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.93	−0.019%	$197K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.99	+0.031%	$28K	$238K	10x	as long as short
tradeXYZ xyz:HOOD	+0.0206%	1h	120.83	−0.101%	$51.3M	$27.9M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0247%	1h	120.86	−0.076%	$6K	$52K	10x	as long as short
RISEx HOOD/USDC	+0.0365%	1h	120.94	−0.010%	$374K	$1.4M	10x	as long as short
edgeX HOODUSDClong	+0.0749%	4h	120.95	long leg	$364K	$304K	10x