Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0768%/8h= +84.1% APRpaid last 24h +0.144%

Price spread now: edgeX against OKX+0.021%51s7-day average +0.010% · you sell dearer than you buy

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−$480.478% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.021%, 7d avg +0.010%

Together, before fees+0.300%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate. The two prices were read 51 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 0.240% in total (about 12.5% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HOOD-USDT-SWAP	121.47	0	get 0.0000% / 8h	4h 10m	$2.7M	$6.0M	20x
Short	edgeX HOODUSDC	121.50	0.0768	get 0.0384% / 4h	10m 45s	$366K	$306K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $161.28
Price spread: +0.021% → +0.010%: $1.08
Slippage, 4 orders: −$28.84
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $114.53
Costs to cover: 0.478%
Break-even: 2.0 days

Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 48 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 OKX live order book, 2 min ago	3.29 bp	13.6 bp −$14	26.4 bp −$264	doesn't fit	doesn't fit
Sell edgeX live order book, 48 min ago	6.17 bp	11.4 bp −$11	20.4 bp −$204	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
Injective HOOD/USDC PERP	−0.0440%	1h	121.28	−0.156%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0104%	1h	121.32	−0.123%	$252K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0064%	8h	121.53	+0.049%	$576K	$7.8M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.49	+0.019%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.49	+0.013%	$361K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.52	+0.041%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.50	+0.025%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAPlong	0.0000%	8h	121.47	long leg	$2.7M	$6.0M	20x
RISEx HOOD/USDC	0.0000%	1h	121.53	+0.054%	$396K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.56	+0.074%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.52	+0.039%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.52	+0.041%	$857K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.51	+0.033%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	121.34	−0.107%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.53	+0.049%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0040%	1h	121.49	+0.014%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.43	−0.033%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.46	−0.008%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.50	+0.027%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.37	−0.082%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.305%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.50	+0.023%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.54	+0.058%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.48	+0.008%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.47	0.000%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.49	+0.013%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.50	+0.025%	$174K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.48	+0.008%	$28K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0574%	1h	121.52	+0.041%	$6K	$56K	10x	as long as short
edgeX HOODUSDCshort	+0.0768%	4h	121.50	+0.021%	$366K	$306K	10x