Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.032%

Price spread now: Arcus against Variational Omni−0.291%7-day average −0.079% · you buy dearer than you sell

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 7 days+0.249%+$25 · spread now −0.291%, 7d avg −0.079%

Together, before fees+0.338%+ Points / potential airdropVariational Omni: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.212% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.291% now, against its 7-day average of −0.079%). If the spread goes back, that is −$21 on $10k: about 18 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.089% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HOOD	122.02	0	get 0.0000% / 8h	5h 26m	$2.3M	$1.1M	—
Short	Arcus HOOD-USD	121.67	0.0040	get 0.0005% / 1h	26m 06s	$1.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ArcusbpOrdersPrice spread, now −0.291%Rate

Funding earned: $8.46
Price spread: −0.291% → −0.079%: −$21.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$17.23
Costs to cover: 0.045%
Break-even: 21.3 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Arcus: live order book, 3 min ago. 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, 3 min ago	3.20 bp	doesn't fit	22.9 bp −$229	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	1.23 bp	10.9 bp −$11	14.1 bp −$141	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
Polymarket Perps HOOD-USD	−0.0121%	1h	121.51	−0.422%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.70	−0.265%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.67	−0.289%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.71	−0.260%	$21.0M	$90.4M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.73	−0.242%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.71	−0.258%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.67	−0.288%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.75	−0.225%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.76	−0.217%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOODlong	0.0000%	8h	122.02	long leg	$2.3M	$1.1M	—

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	121.85	−0.144%	$855K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.76	−0.217%	$996K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.67	−0.291%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0026%	1h	121.56	−0.381%	—	$62K	25x	as long as short
Arcus HOOD-USDshort	+0.0040%	1h	121.67	−0.291%	$1.1M	$1.7M	10x
tradeXYZ xyz:HOOD	+0.0050%	1h	121.70	−0.266%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.66	−0.299%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.74	−0.234%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.397%	$194K	$1.9M	10x	as long as short
Lighter HOOD	+0.0088%	1h	121.69	−0.273%	$2.8M	$3.1M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.66	−0.295%	$68K	$108K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.73	−0.242%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.95	−0.061%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.69	−0.275%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.66	−0.297%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.66	−0.299%	$174K	$159K	20x	as long as short
Phoenix HOOD	+0.0197%	1h	121.93	−0.078%	$28K	$239K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0243%	1h	121.67	−0.291%	$7K	$68K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.545%	$58K	$57K	30x	as long as short
edgeX HOODUSDC	+0.0703%	4h	121.86	−0.138%	$367K	$306K	10x	as long as short