Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0862%/8h= +94.4% APRpaid last 24h +0.101%

Price spread now: RISEx against Gate+0.082%7-day average +0.038% · 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−$37as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.244%+$24 on $10k

Price spread, last 5 days (all we have)+0.011%+$1 · spread now +0.082%, 7d avg +0.038%

Together, before fees+0.255%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and RISEx is 0.044% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.038%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.244% in total (about 23.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HOOD_USDT	122.13	0	get 0.0000% / 8h	5h 43m	$582K	$6.8M	50x
Short	RISEx HOOD/USDC	122.23	0.0862	get 0.0108% / 1h	43m 11s	$454K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.082%Rate

Funding earned: $180.99
Price spread: +0.082% → +0.038%: $4.43
Slippage, 4 orders: −$19.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $144.47
Costs to cover: 0.409%
Break-even: 1.4 days

Slippage from Gate: live order book, 3 min ago; RISEx: 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 Gate live order book, 3 min ago	4.09 bp	13.6 bp −$14	65.7 bp −$657	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	2.45 bp	5.5 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit

HOOD on 30 exchanges

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	122.16	+0.025%	$110K	$285K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	122.15	+0.016%	$3.7M	$7.3M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	122.16	+0.025%	$2.7M	$5.9M	20x	as long as short
Gate HOOD_USDTlong	0.0000%	8h	122.13	long leg	$582K	$6.8M	50x
Bitget HOODUSDT	0.0000%	8h	122.17	+0.033%	$5.6M	$9.1M	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	122.12	−0.008%	$6K	$41K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	122.15	+0.016%	$1.0M	$7K	10x	as long as short
Injective HOOD/USDC PERP	+0.0009%	1h	121.69	−0.360%	$28K	$96K	30x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	122.04	−0.074%	—	$64K	25x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	122.11	−0.016%	$51.4M	$25.4M	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps HOOD-USD	+0.0050%	1h	122.01	−0.098%	$252K	$339K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	122.09	−0.033%	$729	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.04	−0.074%	$1.3M	$1.2M	15x	as long as short
Lighter HOOD	+0.0056%	1h	122.14	+0.007%	$2.9M	$2.9M	10x	as long as short
QFEX HOOD-USD	+0.0070%	1h	122.15	+0.016%	$1.3M	$2.7M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	122.14	+0.011%	$73K	$116K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	122.23	+0.082%	$1.7M	$1.5M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.18	+0.041%	$5K	$29K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	122.14	+0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	122.11	−0.015%	$16K	—	10x	as long as short
Variational Omni HOOD	+0.0112%	8h	122.18	+0.040%	$2.3M	$875K	—	as long as short
Phoenix HOOD	+0.0196%	1h	122.19	+0.049%	$28K	$239K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0224%	1h	121.81	−0.262%	$229K	$1.6M	10x	as long as short
Extended HOOD_24_5-USD	+0.0232%	1h	122.09	−0.034%	$469K	$2.6M	10x	as long as short
Binance HOODUSDT	+0.0234%	8h	122.16	+0.027%	$21.2M	$87.1M	20x	as long as short
Arcus HOOD-USD	+0.0252%	1h	122.10	−0.025%	$1.1M	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0355%	8h	122.20	+0.057%	$175K	$179K	20x	as long as short
GRVT HOOD_USDT_Perp	+0.0481%	8h	122.33	+0.160%	$859K	$1.7M	10x	as long as short
RISEx HOOD/USDCshort	+0.0862%	1h	122.23	+0.082%	$454K	$1.3M	10x
edgeX HOODUSDC	+0.0948%	4h	122.13	−0.003%	$368K	$304K	10x	as long as short