Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Variational Omni against Aster+0.001%7-day average +0.022% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.485%+$49 · spread now +0.001%, 7d avg +0.022%

Together, before fees+0.517%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$52 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.021% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HOODUSDT	121.51	0	get 0.0000% / 8h	3h 54m	$106K	$280K	20x
Short	Variational Omni HOOD	121.51	0	get 0.0000% / 8h	3h 54m	$2.3M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → +0.022%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.08
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 62 min ago; Variational Omni: RFQ quote, 4 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 Aster live order book, 62 min ago	4.93 bp	54.6 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.07 bp	doesn't fit	28.0 bp −$280	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	121.21	−0.249%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0081%	8h	121.55	+0.031%	$576K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0001%	1h	121.32	−0.158%	$252K	$344K	10x	as long as short
Aster HOODUSDTlong	0.0000%	8h	121.51	long leg	$106K	$280K	20x
Extended HOOD_24_5-USD	0.0000%	1h	121.51	−0.003%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.53	+0.015%	$20.8M	$91.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.52	+0.006%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.54	+0.023%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.52	+0.006%	$396K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.57	+0.047%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOODshort	0.0000%	8h	121.51	+0.001%	$2.3M	$1.1M	—
GRVT HOOD_USDT_Perp	0.0000%	8h	121.50	−0.010%	$850K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.50	−0.010%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	121.33	−0.150%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.51	−0.002%	$1.3M	$3.6M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.44	−0.060%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.44	−0.060%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.52	+0.005%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.33	−0.150%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	121.50	−0.011%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.52	+0.006%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.43	−0.068%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.53	+0.015%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.50	−0.014%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.339%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.55	+0.031%	$175K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.46	−0.043%	$28K	$238K	10x	as long as short
Lighter HOOD	+0.0256%	1h	121.49	−0.021%	$2.8M	$3.1M	10x	as long as short
edgeX HOODUSDC	+0.0546%	4h	121.50	−0.009%	$366K	$303K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0739%	1h	121.51	−0.002%	$6K	$56K	10x	as long as short