Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.172%

Price spread now: Bybit against edgeX+0.035%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.035%, 7d avg −0.012%

Together, before fees−0.372%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.047% dearer against edgeX than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.012%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.291% in total) that is about 27 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.291% in total (about -15.2% 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	123.07	0.0492	pay 0.0246% / 4h	3h 24m	$370K	$307K	10x
Short	Bybit HOODUSDT	123.11	0.0011	get 0.0011% / 8h	7h 24m	$3.9M	$8.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$100.85
Price spread: +0.035% → −0.012%: $4.72
Slippage, 4 orders: −$26.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$142.14
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from edgeX: live order book, 48 min ago; Bybit: live order book, 3 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, 48 min ago	5.70 bp	11.1 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.63 bp	12.8 bp −$13	40.2 bp −$402	936.2 bp −$93.6K	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
Aster HOODUSDT	0.0000%	8h	122.92	−0.118%	$108K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	123.05	−0.016%	$364K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	123.05	−0.014%	$21.9M	$89.3M	20x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.02	−0.038%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.05	−0.018%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.04	−0.022%	$577K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.09	+0.019%	$5.6M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	123.01	−0.047%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	123.10	+0.027%	$864K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.04	−0.022%	$1.0M	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HOODUSDTshort	+0.0011%	8h	123.11	+0.035%	$3.9M	$8.7M	25x
QFEX HOOD-USD	+0.0014%	1h	123.07	+0.002%	$1.3M	$4.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0040%	1h	122.99	−0.063%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.99	−0.063%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	122.91	−0.128%	$260K	$340K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.06	−0.010%	$741	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.97	−0.079%	$1.2M	$1.6M	15x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0075%	1h	123.04	−0.022%	$8K	$69K	10x	as long as short
Lighter HOOD	+0.0080%	1h	123.06	−0.005%	$2.9M	$2.1M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	122.34	−0.591%	$202K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.07	−0.002%	$71K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.02	−0.038%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.95	−0.095%	$5K	$107K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.05	−0.014%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.05	−0.011%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	123.11	+0.035%	$181K	$116K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0158%	1h	123.05	−0.014%	$52.9M	$27.8M	10x	as long as short
Phoenix HOOD	+0.0196%	1h	123.09	+0.019%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0213%	1h	122.88	−0.152%	$63K	$49K	30x	as long as short
edgeX HOODUSDClong	+0.0492%	4h	123.07	long leg	$370K	$307K	10x