Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.024%

Price spread now: Bitget against tradeXYZ+0.124%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.124%, 7d avg +0.099%

Together, before fees−0.169%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.024% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.099%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:HOOD	121.22	0.0050	pay 0.0006% / 1h	33m 10s	$51.8M	$28.2M	10x
Short	Bitget HOODUSDT	121.37	0	get 0.0000% / 8h	4h 33m	$5.4M	$9.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$10.5
Price spread: +0.124% → +0.099%: $2.44
Slippage, 4 orders: −$14.71
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.77
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Bitget: live order book, just now.

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 tradeXYZ live order book, 6 min ago	0.41 bp	10.5 bp −$11	14.1 bp −$141	doesn't fit	doesn't fit
Sell Bitget live order book, just now	1.65 bp	12.3 bp −$12	31.2 bp −$312	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	121.05	−0.140%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0132%	1h	121.12	−0.082%	$251K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0041%	8h	121.31	+0.074%	$575K	$7.7M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.24	+0.019%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.27	+0.043%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.31	+0.077%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.30	+0.066%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.30	+0.066%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.24	+0.019%	$397K	$1.4M	10x	as long as short
Bitget HOODUSDTshort	0.0000%	8h	121.37	+0.124%	$5.4M	$9.6M	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.22	−0.001%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.30	+0.065%	$856K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.36	+0.115%	$993K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0021%	1h	121.09	−0.107%	—	$62K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.24	+0.016%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.27	+0.040%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.18	−0.033%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOODlong	+0.0050%	1h	121.22	long leg	$51.8M	$28.2M	10x
SoDEX HOOD-USD	+0.0050%	1h	121.25	+0.026%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.17	−0.041%	$1.2M	$1.5M	15x	as long as short
edgeX HOODUSDC	+0.0083%	4h	121.27	+0.040%	$365K	$305K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.099%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.26	+0.036%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.33	+0.091%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.26	+0.033%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.24	+0.016%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.25	+0.024%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.31	+0.074%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.27	+0.041%	$27K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0245%	1h	121.27	+0.041%	$7K	$55K	10x	as long as short