Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0258%/8h= +28.2% APRpaid last 24h −0.038%

Price spread now: Injective against Bybit+0.162%88s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.294%−$29 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.162% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.294%, so the current rate has only just turned in your favour. The two prices were read 88 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	Bybit HOODUSDT	123.14	0	get 0.0000% / 8h	1h 15m	$3.9M	$8.7M	25x
Short	Injective HOOD/USDC PERP	123.34	0.0258	get 0.0032% / 1h	15m 45s	$63K	$50K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now +0.162%Rate

Funding earned: $54.16
Price spread: +0.162% → 0.000%: $16.24
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $59.38
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.81 bp	12.0 bp −$12	37.5 bp −$375	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
Polymarket Perps HOOD-USD	−0.0103%	1h	123.01	−0.106%	$263K	$322K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.25	+0.091%	$109K	$262K	20x	as long as short
Bybit HOODUSDTlong	0.0000%	8h	123.14	long leg	$3.9M	$8.7M	25x
OKX HOOD-USDT-SWAP	0.0000%	8h	123.10	−0.032%	$3.0M	$5.7M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.19	+0.041%	$401K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.23	+0.073%	$562K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.09	−0.041%	$5.6M	$9.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	123.33	+0.158%	$2.4M	$1.0M	—	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	123.19	+0.041%	$6K	$80K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.18	+0.032%	$1.0M	$8K	10x	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	+0.0004%	8h	123.26	+0.098%	$867K	$2.1M	10x	as long as short
Lighter HOOD	+0.0032%	1h	122.93	−0.174%	$2.9M	$2.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.10	−0.032%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.16	+0.013%	$739	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.10	−0.032%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0057%	1h	123.19	+0.041%	$1.3M	$4.1M	10x	as long as short
Binance HOODUSDT	+0.0075%	8h	123.01	−0.102%	$23.6M	$85.2M	20x	as long as short
Extended HOOD_24_5-USD	+0.0080%	1h	123.16	+0.013%	$417K	$1.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.01	−0.106%	$190K	$1.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.17	+0.021%	$80K	$103K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.25	+0.089%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.26	+0.097%	$5K	$132K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.24	+0.081%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.15	+0.008%	$16K	—	10x	as long as short
tradeXYZ xyz:HOOD	+0.0128%	1h	123.03	−0.089%	$52.9M	$29.6M	10x	as long as short
edgeX HOODUSDC	+0.0140%	4h	123.33	+0.156%	$371K	$307K	10x	as long as short
Arcus HOOD-USD	+0.0187%	1h	123.11	−0.024%	$1.1M	$1.7M	10x	as long as short
BloFin HOOD-USDT	+0.0202%	8h	123.24	+0.081%	$186K	$123K	20x	as long as short
Injective HOOD/USDC PERPshort	+0.0258%	1h	123.34	+0.162%	$63K	$50K	30x
Phoenix HOOD	+0.0388%	1h	123.26	+0.097%	$28K	$188K	10x	as long as short