Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0560%/8h= +61.3% APRpaid last 24h +0.039%

Price spread now: BloFin against Injective−0.183%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.561%+$56 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.183% cheaper against Injective than usual: you would sell low and buy high (spread −0.183% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 26 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.561% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HOOD/USDC PERP	119.96	−0.0440	get 0.0055% / 1h	25m 02s	$29K	$75K	30x
Short	BloFin HOOD-USDT	119.74	0.0120	get 0.0120% / 8h	7h 25m	$173K	$175K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.183%Rate

Funding earned: $117.6
Price spread: −0.183% → 0.000%: −$18.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $87.24
Costs to cover: 0.120%
Break-even: 1.8 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 40 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 40 min ago	0.41 bp	9.5 bp −$10	14.6 bp −$146	39.2 bp −$3,917	doesn't fit

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
Injective HOOD/USDC PERPlong	−0.0440%	1h	119.96	long leg	$29K	$75K	30x
Bitget HOODUSDT	−0.0015%	8h	119.76	−0.167%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	119.73	−0.190%	$108K	$284K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	119.75	−0.178%	$353K	$2.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	119.78	−0.153%	$20.8M	$91.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	119.73	−0.192%	$3.7M	$8.2M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	119.75	−0.175%	$2.6M	$6.1M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	119.77	−0.158%	$593K	$7.0M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	119.69	−0.228%	$2.2M	$979K	—	as long as short
Phemex HOODUSDT	0.0000%	8h	119.78	−0.150%	$980K	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HOOD-USD-PERP	+0.0003%	1h	119.52	−0.367%	—	$64K	25x	as long as short
Lighter HOOD	+0.0032%	1h	119.73	−0.189%	$2.8M	$3.1M	10x	as long as short
QFEX HOOD-USD	+0.0038%	1h	119.81	−0.125%	$1.3M	$2.8M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	119.64	−0.267%	$1.1M	$1.8M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0041%	8h	119.77	−0.155%	$847K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	119.71	−0.208%	$50.5M	$27.2M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	119.66	−0.250%	$249K	$336K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	119.73	−0.191%	$848	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	119.60	−0.300%	$1.2M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	119.74	−0.182%	$73K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	119.74	−0.183%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	119.71	−0.208%	$5K	$36K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	119.75	−0.175%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	119.71	−0.209%	$16K	—	10x	as long as short
BloFin HOOD-USDTshort	+0.0120%	8h	119.74	−0.183%	$173K	$175K	20x
Phoenix HOOD	+0.0133%	1h	119.71	−0.208%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0200%	1h	119.88	−0.067%	$195K	$1.8M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0251%	1h	119.71	−0.208%	$6K	$53K	10x	as long as short
RISEx HOOD/USDC	+0.0421%	1h	119.82	−0.114%	$422K	$1.3M	10x	as long as short
edgeX HOODUSDC	+0.0665%	4h	119.73	−0.191%	$360K	$302K	10x	as long as short