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Funding arb · Price arb /

HOOD

RWAall HOOD markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0684%/8h= +74.9% APRpaid last 24h +0.106%
Price spread now: edgeX against tradeXYZ+0.107%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Long on tradeXYZShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.216%+$22 on $10k
Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.107%, 7d avg +0.059%
Together, before fees+0.290%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and edgeX is 0.048% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.059%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.216% in total (about 11.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:HOOD121.570.0050pay 0.0006% / 1h59m 20s$51.9M$28.1M10x
ShortedgeX HOODUSDC121.700.0734get 0.0367% / 4h59m 20s$366K$306K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$143.72
Price spread: +0.107% → +0.059%
$4.76
Slippage, 4 orders
−$18.07
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$103.42
Costs to cover
0.451%
Break-even
2.0 days
Slippage from tradeXYZ: live order book, 10 min ago; edgeX: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 10 min ago1.23 bp11.3 bp −$1113.3 bp −$133doesn't fitdoesn't fit
Sell edgeX live order book, 64 min ago6.15 bp11.5 bp −$1120.7 bp −$207doesn't fitdoesn't fit

HOOD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective HOOD/USDC PERP−0.0440%1h121.33−0.197%$58K$57K30xas long as short
Polymarket Perps HOOD-USD−0.0231%1h121.42−0.123%$252K$344K10xas long as short
Aster HOODUSDT0.0000%8h121.64+0.060%$106K$279K20xas long as short
Extended HOOD_24_5-USD0.0000%1h121.63+0.047%$358K$1.3M10xas long as short
Binance HOODUSDT0.0000%8h121.66+0.073%$21.1M$90.6M20xas long as short
Bybit HOODUSDT0.0000%8h121.61+0.033%$3.9M$8.7M25xas long as short
OKX HOOD-USDT-SWAP0.0000%8h121.64+0.058%$2.7M$6.1M20xas long as short
RISEx HOOD/USDC0.0000%1h121.64+0.058%$398K$1.4M10xas long as short
Gate HOOD_USDT0.0000%8h121.70+0.107%$579K$7.7M50xas long as short
Bitget HOODUSDT0.0000%8h121.72+0.123%$5.4M$9.6M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni HOOD0.0000%8h121.71+0.116%$2.3M$1.1M—as long as short
GRVT HOOD_USDT_Perp0.0000%8h121.70+0.106%$853K$2.0M10xas long as short
Phemex HOODUSDT0.0000%8h121.67+0.082%$995K$8K10xas long as short
Vest HOOD-USD-PERP+0.0024%1h121.54−0.025%—$62K25xas long as short
QFEX HOOD-USD+0.0024%1h121.63+0.049%$1.3M$3.7M10xas long as short
Arcus HOOD-USD+0.0040%1h121.63+0.049%$1.1M$1.7M10xas long as short
tradeXYZ xyz:HOODlong+0.0050%1h121.57long leg$51.9M$28.1M10x
SoDEX HOOD-USD+0.0050%1h121.65+0.067%$735$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h121.50−0.058%$1.2M$1.5M15xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0079%1h121.64+0.058%$7K$68K10xas long as short
Lighter HOOD+0.0096%1h121.63+0.047%$2.8M$3.1M10xas long as short
Coinbase International HOOD-PERP-INTX+0.0096%1h121.54−0.025%$194K$1.9M10xas long as short
Pacifica HOOD+0.0100%1h121.64+0.057%$68K$105K10xas long as short
KuCoin HOODUSDTM+0.0100%8h121.67+0.082%$1.3M$1.2M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h121.68+0.090%$5K$41K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h121.63+0.049%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h121.63+0.048%$16K—10xas long as short
BloFin HOOD-USDT+0.0120%8h121.71+0.115%$175K$162K20xas long as short
Phoenix HOOD+0.0197%1h121.66+0.074%$28K$237K10xas long as short
edgeX HOODUSDCshort+0.0734%4h121.70+0.107%$366K$306K10x