Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.018%

Price spread now: Injective against Aster−0.121%67s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.121% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 67 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	Aster HOODUSDT	123.62	0	get 0.0000% / 8h	2h 20m	$110K	$262K	20x
Short	Injective HOOD/USDC PERP	123.47	0.0004	get 0.0001% / 1h	20m 20s	$63K	$50K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.121%Rate

Funding earned: $0.88
Price spread: −0.121% → 0.000%: −$12.13
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$19.27
Costs to cover: 0.080%
Break-even: 160.2 days

Slippage unknown: Aster: live order book, 1 min ago; Injective: 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 Aster live order book, 1 min ago	4.44 bp	55.7 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
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
Phemex HOODUSDT	0.0000%	8h	123.79	+0.138%	$1.0M	$8K	10x	as long as short
Injective HOOD/USDC PERPshort	+0.0004%	1h	123.47	−0.121%	$63K	$50K	30x
Variational Omni HOOD	+0.0013%	8h	123.81	+0.152%	$2.4M	$1.0M	—	as long as short
Bitget HOODUSDT	+0.0021%	8h	123.76	+0.113%	$5.7M	$9.2M	20x	as long as short
Polymarket Perps HOOD-USD	+0.0040%	1h	123.62	0.000%	$268K	$316K	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.58	−0.032%	—	$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	+0.125%	$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
QFEX HOOD-USD	+0.0061%	1h	123.79	+0.138%	$1.3M	$4.1M	10x	as long as short
Lighter HOOD	+0.0072%	1h	123.71	+0.074%	$3.1M	$1.9M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0087%	8h	123.78	+0.131%	$871K	$2.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.61	−0.007%	$80K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.72	+0.081%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.60	−0.016%	$45K	$249K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.79	+0.138%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.79	+0.134%	$16K	—	10x	as long as short
Binance HOODUSDT	+0.0142%	8h	123.80	+0.146%	$23.9M	$84.3M	20x	as long as short
Extended HOOD_24_5-USD	+0.0144%	1h	123.78	+0.133%	$419K	$1.2M	10x	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	+0.0256%	8h	123.80	+0.146%	$187K	$123K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0305%	1h	123.79	+0.138%	$53.2M	$30.0M	10x	as long as short
Phoenix HOOD	+0.0323%	1h	123.78	+0.129%	$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-USD	+0.0472%	1h	123.71	+0.073%	$1.1M	$1.7M	10x	as long as short
edgeX HOODUSDC	+0.0695%	4h	123.80	+0.145%	$372K	$307K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0963%	1h	123.79	+0.138%	$6K	$84K	10x	as long as short