Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: ApeX Omni against Variational Omni−0.068%58s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.068% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day). The two prices were read 58 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	Variational Omni HOOD	120.66	0	get 0.0000% / 8h	48m 25s	$2.2M	$1.0M	—
Short	ApeX Omni HOODUSDT	120.58	0.0100	get 0.0013% / 1h	48m 25s	$5K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.068%Rate

Funding earned: $21
Price spread: −0.068% → 0.000%: −$6.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $4.25
Costs to cover: 0.100%
Break-even: 5.6 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; ApeX Omni: 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 Variational Omni RFQ quote, 1 min ago	4.10 bp	doesn't fit	26.0 bp −$260	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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
Injective HOOD/USDC PERP	−0.0440%	1h	120.38	−0.233%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0175%	8h	120.85	+0.156%	$601K	$7.6M	50x	as long as short
Bitget HOODUSDT	−0.0101%	8h	120.85	+0.156%	$5.5M	$9.9M	20x	as long as short
Polymarket Perps HOOD-USD	−0.0007%	1h	120.62	−0.034%	$251K	$345K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	120.78	+0.099%	$106K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.80	+0.115%	$356K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.84	+0.147%	$20.8M	$92.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.78	+0.098%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.83	+0.140%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOODlong	0.0000%	8h	120.66	long leg	$2.2M	$1.0M	—

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	120.67	+0.007%	$852K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	120.82	+0.131%	$988K	$8K	10x	as long as short
edgeX HOODUSDC	+0.0006%	4h	120.70	+0.033%	$363K	$304K	10x	as long as short
Vest HOOD-USD-PERP	+0.0019%	1h	120.58	−0.068%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.64	−0.018%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.81	+0.123%	$1.3M	$2.9M	10x	as long as short
Lighter HOOD	+0.0048%	1h	120.77	+0.088%	$2.8M	$3.2M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.73	+0.057%	$51.2M	$27.0M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.74	+0.064%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.55	−0.092%	$1.2M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.79	+0.108%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.73	+0.057%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDTshort	+0.0100%	1h	120.58	−0.068%	$5K	$41K	50x
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.75	+0.073%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.77	+0.087%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.70	+0.032%	$174K	$166K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	120.67	+0.007%	$197K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.65	−0.010%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.84	+0.144%	$397K	$1.4M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0496%	1h	120.78	+0.098%	$6K	$52K	10x	as long as short