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Funding arb · Price arb /

HOOD

RWAall HOOD markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0503%/8h= −55.1% APRpaid last 24h −0.106%
Price spread now: tradeXYZ against edgeX−0.018%86s7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.451% of the position
Long on edgeXShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days−0.216%−$22 on $10k
Price spread, last 4 days (all we have)−0.163%−$16 · spread now −0.018%, 7d avg −0.059%
Together, before fees−0.379%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.041% dearer against edgeX than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.059%): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.216% in total) that is about 32 hours. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HOODUSDC121.630.0553pay 0.0276% / 4h59m 50s$366K$305K10x
ShorttradeXYZ xyz:HOOD121.610.0050get 0.0006% / 1h59m 50s$51.9M$28.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
−$105.63
Price spread: −0.018% → −0.059%
$4.13
Slippage, 4 orders
−$18.07
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$146.56
Costs to cover
0.451%
Break-even
never at this rate
Slippage from edgeX: live order book, 63 min ago; tradeXYZ: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 63 min ago6.15 bp11.4 bp −$1120.7 bp −$207doesn't fitdoesn't fit
Sell tradeXYZ live order book, 10 min ago1.23 bp10.8 bp −$1115.1 bp −$151doesn't fitdoesn't fit

HOOD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps HOOD-USD−0.0107%1h121.46−0.141%$252K$344K10xas long as short
Aster HOODUSDT0.0000%8h121.65+0.017%$106K$279K20xas long as short
Extended HOOD_24_5-USD0.0000%1h121.64+0.003%$358K$1.3M10xas long as short
Binance HOODUSDT0.0000%8h121.67+0.032%$21.1M$90.6M20xas long as short
Bybit HOODUSDT0.0000%8h121.66+0.023%$3.9M$8.7M25xas long as short
OKX HOOD-USDT-SWAP0.0000%8h121.72+0.073%$2.7M$6.1M20xas long as short
RISEx HOOD/USDC0.0000%1h121.63−0.003%$399K$1.4M10xas long as short
Gate HOOD_USDT0.0000%8h121.70+0.056%$579K$7.8M50xas long as short
Bitget HOODUSDT0.0000%8h121.72+0.073%$5.4M$9.6M20xas long as short
Variational Omni HOOD0.0000%8h121.71+0.065%$2.3M$1.1M—as long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT HOOD_USDT_Perp0.0000%8h121.66+0.026%$852K$2.0M10xas long as short
Phemex HOODUSDT0.0000%8h121.67+0.032%$995K$8K10xas long as short
Vest HOOD-USD-PERP+0.0024%1h121.55−0.067%—$62K25xas long as short
QFEX HOOD-USD+0.0024%1h121.66+0.023%$1.3M$3.7M10xas long as short
Arcus HOOD-USD+0.0040%1h121.64+0.007%$1.1M$1.7M10xas long as short
tradeXYZ xyz:HOODshort+0.0050%1h121.61−0.018%$51.9M$28.1M10x
SoDEX HOOD-USD+0.0050%1h121.63+0.002%$733$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h121.50−0.108%$1.2M$1.5M15xas long as short
Coinbase International HOOD-PERP-INTX+0.0056%1h121.54−0.075%$194K$1.9M10xas long as short
Lighter HOOD+0.0096%1h121.65+0.012%$2.8M$3.1M10xas long as short
Pacifica HOOD+0.0100%1h121.62−0.011%$68K$105K10xas long as short
KuCoin HOODUSDTM+0.0100%8h121.69+0.048%$1.3M$1.2M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h121.64+0.007%$5K$41K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h121.60−0.026%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h121.61−0.015%$16K—10xas long as short
BloFin HOOD-USDT+0.0120%8h121.71+0.064%$175K$162K20xas long as short
Phoenix HOOD+0.0197%1h121.73+0.081%$28K$239K10xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0326%1h121.63−0.001%$7K$68K10xas long as short
Injective HOOD/USDC PERP+0.0345%1h121.36−0.223%$58K$57K30xas long as short
edgeX HOODUSDClong+0.0553%4h121.63long leg$366K$305K10x