Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.110%

Price spread now: edgeX against Extended−0.005%53s7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as 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−$480.476% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$23 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.005%, 7d avg +0.031%

Together, before fees+0.394%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.036% cheaper against Extended than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.031%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$6 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HOOD_24_5-USD	121.57	0	get 0.0000% / 1h	46m 27s	$358K	$1.3M	10x
Short	edgeX HOODUSDC	121.56	0.0187	get 0.0094% / 4h	1h 46m	$366K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $39.3
Price spread: −0.005% → +0.031%: −$3.55
Slippage, 4 orders: −$33.58
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.83
Costs to cover: 0.476%
Break-even: 9.1 days

Slippage from Extended: live order book, 2 min ago; edgeX: live order book, 17 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 Extended live order book, 2 min ago	3.25 bp	12.5 bp −$13	109.9 bp −$1,099	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	6.15 bp	11.5 bp −$11	20.7 bp −$207	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
Polymarket Perps HOOD-USD	−0.0184%	1h	121.39	−0.146%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.58	+0.013%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USDlong	0.0000%	1h	121.57	long leg	$358K	$1.3M	10x
Binance HOODUSDT	0.0000%	8h	121.61	+0.034%	$21.1M	$90.2M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.60	+0.027%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.65	+0.068%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.59	+0.020%	$376K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.61	+0.035%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.63	+0.052%	$5.4M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.59	+0.020%	$2.3M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.59	+0.021%	$858K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.58	+0.011%	$994K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.58	+0.011%	$1.3M	$3.8M	10x	as long as short
Vest HOOD-USD-PERP	+0.0026%	1h	121.43	−0.113%	—	$62K	25x	as long as short
Lighter HOOD	+0.0032%	1h	121.58	+0.011%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.56	−0.006%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.54	−0.022%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.55	−0.011%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.51	−0.047%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.022%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.59	+0.015%	$68K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.60	+0.027%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.55	−0.014%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.58	+0.011%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.57	0.000%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.62	+0.044%	—	$159K	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0161%	1h	121.63	+0.052%	$7K	$68K	10x	as long as short
edgeX HOODUSDCshort	+0.0187%	4h	121.56	−0.005%	$366K	$305K	10x
Phoenix HOOD	+0.0197%	1h	121.57	+0.002%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.40	−0.137%	$58K	$57K	30x	as long as short