Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.047%

Price spread now: Aster against Coinbase International−0.049%54s7-day average +0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1221.223% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.049%, 7d avg +0.150%

Together, before fees−0.063%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.199% cheaper against Coinbase International than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.150%). Swap the legs. The two prices were read 54 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	Coinbase International HOOD-PERP-INTX	121.54	0.0096	pay 0.0012% / 1h	44m 25s	$194K	$1.9M	10x
Short	Aster HOODUSDT	121.48	0	get 0.0000% / 8h	4h 44m	$106K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$20.16
Price spread: −0.049% → +0.150%: −$19.87
Slippage, 4 orders: −$104.34
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$162.37
Costs to cover: 1.223%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Aster: live order book, 12 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 Coinbase International live order book, 4 min ago	2.47 bp	7.5 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell Aster live order book, 12 min ago	4.93 bp	52.0 bp −$52	doesn't fit	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	121.33	−0.173%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0171%	1h	121.32	−0.181%	$252K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0017%	8h	121.55	+0.008%	$575K	$7.7M	50x	as long as short
Aster HOODUSDTshort	0.0000%	8h	121.48	−0.049%	$106K	$279K	20x
Extended HOOD_24_5-USD	0.0000%	1h	121.48	−0.051%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.54	−0.003%	$21.1M	$90.7M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.46	−0.066%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.45	−0.074%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.50	−0.033%	$397K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.55	+0.008%	$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 HOOD	0.0000%	8h	121.48	−0.047%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.57	+0.025%	$857K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.48	−0.049%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0022%	1h	121.31	−0.189%	—	$62K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.43	−0.091%	$1.3M	$3.7M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.44	−0.086%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.55	+0.008%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.44	−0.082%	$52.0M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.43	−0.091%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.38	−0.132%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0096%	1h	121.54	long leg	$194K	$1.9M	10x
Pacifica HOOD	+0.0100%	1h	121.44	−0.080%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.52	−0.016%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.51	−0.025%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.49	−0.041%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.48	−0.052%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.54	0.000%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.51	−0.025%	$28K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0162%	1h	121.45	−0.074%	$7K	$55K	10x	as long as short
edgeX HOODUSDC	+0.0715%	4h	121.52	−0.018%	$366K	$305K	10x	as long as short