Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0472%/8h= +51.7% APRpaid last 24h +0.036%

Price spread now: Arcus against Aster+0.081%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1211.208% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.125%+$13 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.081%, 7d avg −0.066%

Together, before fees−0.058%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Arcus is 0.147% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.066%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.125% in total (about 13.8% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HOODUSDT	123.62	0	get 0.0000% / 8h	2h 21m	$110K	$262K	20x
Short	Arcus HOOD-USD	123.72	0.0472	get 0.0059% / 1h	21m 38s	$1.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now +0.081%Rate

Funding earned: $99.14
Price spread: +0.081% → −0.066%: $14.72
Slippage, 4 orders: −$108.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$6.96
Costs to cover: 1.208%
Break-even: 7.5 days

Slippage from Aster: live order book, 65 min ago; Arcus: live order book, 2 min ago.

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 Aster live order book, 65 min ago	4.85 bp	53.3 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	1.21 bp	6.4 bp −$6	6.7 bp −$67	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
Aster HOODUSDTlong	0.0000%	8h	123.62	long leg	$110K	$262K	20x
Bybit HOODUSDT	0.0000%	8h	123.64	+0.016%	$4.0M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.82	+0.162%	$3.0M	$5.7M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.74	+0.097%	$556K	$7.9M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	123.77	+0.118%	$2.4M	$1.0M	—	as long as short
Phemex HOODUSDT	0.0000%	8h	123.78	+0.129%	$1.0M	$8K	10x	as long as short
Injective HOOD/USDC PERP	+0.0004%	1h	123.47	−0.121%	$63K	$50K	30x	as long as short
Bitget HOODUSDT	+0.0020%	8h	123.77	+0.121%	$5.7M	$9.2M	20x	as long as short
Polymarket Perps HOOD-USD	+0.0029%	1h	123.62	0.000%	$268K	$316K	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.67	+0.040%	—	$63K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX HOOD-USD	+0.0050%	1h	123.78	+0.133%	$745	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.65	+0.024%	$1.4M	$1.3M	15x	as long as short
Lighter HOOD	+0.0056%	1h	123.71	+0.070%	$3.1M	$1.9M	10x	as long as short
QFEX HOOD-USD	+0.0061%	1h	123.78	+0.129%	$1.3M	$4.1M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0076%	8h	123.74	+0.097%	$871K	$2.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.75	+0.104%	$80K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.70	+0.065%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.62	0.000%	$45K	$249K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.77	+0.121%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.79	+0.139%	$16K	—	10x	as long as short
Extended HOOD_24_5-USD	+0.0136%	1h	123.80	+0.142%	$419K	$1.2M	10x	as long as short
Binance HOODUSDT	+0.0136%	8h	123.81	+0.154%	$23.9M	$84.3M	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	123.41	−0.170%	$196K	$1.8M	10x	as long as short
BloFin HOOD-USDT	+0.0249%	8h	123.76	+0.113%	$187K	$123K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0296%	1h	123.78	+0.129%	$53.2M	$29.9M	10x	as long as short
Phoenix HOOD	+0.0323%	1h	123.76	+0.113%	$28K	$188K	10x	as long as short
RISEx HOOD/USDC	+0.0337%	1h	123.78	+0.125%	$421K	$1.4M	10x	as long as short
Arcus HOOD-USDshort	+0.0472%	1h	123.72	+0.081%	$1.1M	$1.7M	10x
edgeX HOODUSDC	+0.0472%	4h	123.75	+0.104%	$372K	$306K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.1044%	1h	123.80	+0.146%	$6K	$84K	10x	as long as short