Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h −0.012%

Price spread now: Phemex against Vest+0.066%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Phemex

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.066% dearer against Vest than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HOOD-USD-PERP	120.45	0.0014	pay 0.0002% / 1h	59m 17s	—	$64K	25x
Short	Phemex HOODUSDT	120.53	0	get 0.0000% / 8h	7h 59m	$986K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Vest. 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 VestbpFee PhemexbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$2.97
Price spread: +0.066% → 0.000%: $6.64
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$10.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 23 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 Vest no order-book sample	—	—	—	—	—
Sell Phemex live order book, 23 min ago	1.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Vest: 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	120.22	−0.191%	$57K	$57K	30x	as long as short
tradeXYZ xyz:HOOD	−0.0225%	1h	120.49	+0.033%	$51.1M	$27.0M	10x	as long as short
Gate HOOD_USDT	−0.0160%	8h	120.53	+0.066%	$598K	$6.9M	50x	as long as short
Bitget HOODUSDT	−0.0160%	8h	120.59	+0.116%	$5.5M	$9.8M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.63	+0.146%	$105K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.59	+0.116%	$357K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.62	+0.145%	$20.8M	$91.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.61	+0.133%	$3.7M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.46	+0.008%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.38	−0.055%	$2.2M	$999K	—	as long as short

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	120.39	−0.052%	$845K	$1.9M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	120.59	+0.116%	$6K	$53K	10x	as long as short
Phemex HOODUSDTshort	0.0000%	8h	120.53	+0.066%	$986K	$8K	10x
Vest HOOD-USD-PERPlong	+0.0014%	1h	120.45	long leg	—	$64K	25x
Arcus HOOD-USD	+0.0040%	1h	120.55	+0.083%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.65	+0.166%	$1.3M	$2.9M	10x	as long as short
Lighter HOOD	+0.0048%	1h	120.59	+0.115%	$2.8M	$3.0M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.58	+0.108%	$251K	$345K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.50	+0.043%	$720	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.52	+0.058%	$1.3M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.47	+0.016%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.52	+0.058%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.40	−0.042%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.63	+0.149%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.58	+0.109%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.49	+0.033%	$173K	$175K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0200%	1h	120.33	−0.100%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0265%	1h	120.37	−0.066%	$28K	$238K	10x	as long as short
edgeX HOODUSDC	+0.0276%	4h	120.49	+0.033%	$363K	$305K	10x	as long as short
RISEx HOOD/USDC	+0.0421%	1h	120.64	+0.162%	$418K	$1.4M	10x	as long as short