Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.107%

Price spread now: Deribit against OKX+0.057%46s7-day average — · you sell dearer than you buy

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

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.057% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	OKX HOOD-USDT-SWAP	121.98	0	get 0.0000% / 8h	6h 56m	$2.9M	$5.9M	20x
Short	Deribit HOOD_USDC-PERPETUAL	122.05	0	get 0.0000% / 1h	56m 28s	$8K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → 0.000%: $5.74
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.26
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; Deribit: 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 OKX live order book, 1 min ago	0.82 bp	13.2 bp −$13	27.2 bp −$272	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.148%	$253K	$345K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	122.08	+0.082%	$107K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.97	−0.008%	$361K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.96	−0.016%	$21.7M	$90.1M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.98	0.000%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAPlong	0.0000%	8h	121.98	long leg	$2.9M	$5.9M	20x
RISEx HOOD/USDC	0.0000%	1h	122.01	+0.021%	$374K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	122.09	+0.090%	$566K	$7.5M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	122.00	+0.016%	$5.4M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	122.45	+0.388%	$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	+0.336%	$856K	$1.9M	10x	as long as short
Deribit HOOD_USDC-PERPETUALshort	0.0000%	1h	122.05	+0.057%	$8K	$68K	10x
Phemex HOODUSDT	0.0000%	8h	122.06	+0.066%	$998K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.97	−0.009%	$2.9M	$2.4M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.96	−0.016%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0037%	1h	121.87	−0.090%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.24	+0.213%	$1.1M	$1.8M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	122.07	+0.074%	$735	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.86	−0.098%	$1.2M	$1.6M	15x	as long as short
tradeXYZ xyz:HOOD	+0.0051%	1h	121.97	−0.008%	$52.4M	$28.0M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	122.19	+0.172%	$206K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.98	−0.003%	$70K	$108K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	122.07	+0.074%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.32	+0.279%	$5K	$101K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	122.15	+0.139%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	122.02	+0.031%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.11	+0.107%	$180K	$161K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	122.93	+0.779%	$63K	$49K	30x	as long as short
Phoenix HOOD	+0.0196%	1h	122.35	+0.303%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0254%	4h	122.36	+0.315%	$368K	$306K	10x	as long as short