Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.047%

Price spread now: Coinbase International against Aster−0.085%7-day average −0.155% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1271.267% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.085%, 7d avg −0.155%

Together, before fees+0.189%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.070% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HOODUSDT	120.77	0	get 0.0000% / 8h	39m 12s	$105K	$281K	20x
Short	Coinbase International HOOD-PERP-INTX	120.67	0.0192	get 0.0024% / 1h	39m 12s	$197K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.085%Rate

Funding earned: $40.32
Price spread: −0.085% → −0.155%: $7.03
Slippage, 4 orders: −$108.69
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$79.34
Costs to cover: 1.267%
Break-even: 20.8 days

Slippage from Aster: live order book, 63 min ago; Coinbase International: live order book, 4 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, 63 min ago	4.14 bp	56.2 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.48 bp	8.3 bp −$8	14.2 bp −$142	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
Injective HOOD/USDC PERP	−0.0440%	1h	120.48	−0.242%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0171%	8h	120.80	+0.023%	$601K	$7.6M	50x	as long as short
Bitget HOODUSDT	−0.0090%	8h	120.81	+0.031%	$5.5M	$9.9M	20x	as long as short
Aster HOODUSDTlong	0.0000%	8h	120.77	long leg	$105K	$281K	20x
Extended HOOD_24_5-USD	0.0000%	1h	120.73	−0.038%	$356K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.75	−0.020%	$20.8M	$92.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.73	−0.035%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.75	−0.019%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.85	+0.061%	$2.2M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.87	+0.077%	$854K	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDT	0.0000%	8h	120.78	+0.006%	$988K	$8K	10x	as long as short
Polymarket Perps HOOD-USD	+0.0003%	1h	120.56	−0.176%	$251K	$345K	10x	as long as short
Vest HOOD-USD-PERP	+0.0019%	1h	120.59	−0.151%	—	$63K	25x	as long as short
edgeX HOODUSDC	+0.0027%	4h	120.85	+0.061%	$364K	$303K	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.72	−0.044%	$1.1M	$1.7M	10x	as long as short
QFEX HOOD-USD	+0.0046%	1h	120.76	−0.010%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.66	−0.093%	$51.2M	$26.9M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.75	−0.023%	$723	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.79	+0.014%	$1.3M	$1.4M	15x	as long as short
Lighter HOOD	+0.0080%	1h	120.76	−0.011%	$2.8M	$3.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.75	−0.017%	$74K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.72	−0.044%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.80	+0.023%	$5K	$40K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.73	−0.035%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.73	−0.033%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.75	−0.019%	$173K	$168K	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0164%	1h	120.72	−0.044%	$6K	$52K	10x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0192%	1h	120.67	−0.085%	$197K	$1.8M	10x
Phoenix HOOD	+0.0265%	1h	120.79	+0.014%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0479%	1h	120.81	+0.031%	$397K	$1.4M	10x	as long as short