Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.019%

Price spread now: SoDEX against Gate−0.058%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.058% cheaper against Gate than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HOOD_USDT	122.05	0	get 0.0000% / 8h	6h 56m	$566K	$7.5M	50x
Short	SoDEX HOOD-USD	121.98	0.0050	get 0.0006% / 1h	56m 20s	$735	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $10.5
Price spread: −0.058% → 0.000%: −$5.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.32
Costs to cover: 0.230%
Break-even: 19.2 days

Slippage unknown: Gate: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 2 min ago	0.41 bp	11.9 bp −$12	73.0 bp −$730	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0098%	1h	121.80	−0.205%	$253K	$345K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	122.07	+0.014%	$107K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.93	−0.097%	$361K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.95	−0.082%	$21.7M	$90.2M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.94	−0.090%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.94	−0.090%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	122.01	−0.036%	$374K	$1.4M	10x	as long as short
Gate HOOD_USDTlong	0.0000%	8h	122.05	long leg	$566K	$7.5M	50x
Bitget HOODUSDT	0.0000%	8h	122.00	−0.041%	$5.4M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.96	−0.077%	$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	122.39	+0.279%	$856K	$1.9M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.93	−0.098%	$8K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.97	−0.066%	$998K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.97	−0.067%	$2.9M	$2.5M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.96	−0.074%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0037%	1h	121.87	−0.147%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.24	+0.156%	$1.1M	$1.8M	10x	as long as short
SoDEX HOOD-USDshort	+0.0050%	1h	121.98	−0.058%	$735	$4K	10x
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.86	−0.156%	$1.2M	$1.6M	15x	as long as short
tradeXYZ xyz:HOOD	+0.0051%	1h	121.97	−0.066%	$52.4M	$28.0M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.95	−0.082%	$197K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.98	−0.060%	$70K	$108K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	122.07	+0.016%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.32	+0.221%	$5K	$101K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	122.03	−0.016%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.90	−0.120%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.11	+0.049%	$180K	$161K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	122.93	+0.721%	$63K	$49K	30x	as long as short
Phoenix HOOD	+0.0196%	1h	122.35	+0.246%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0254%	4h	122.36	+0.257%	$368K	$306K	10x	as long as short