Funding arb · Price arb / RWA

HOOD

RWAAll HOOD markets →

LONGInjective▾RISEx 0.0000%QFEX 0.0000%Gate 0.0000%KuCoin 0.0000%SunX 0.0000%Phemex 0.0000%edgeX +0.0015%Variational Omni +0.0017%Aster +0.0019%Arcus +0.0038%Vest Markets +0.0046%AZverse +0.0047%Backpack +0.0050%MEXC +0.0071%Extended +0.0072%Binance +0.0072%GRVT +0.0078%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%Bitget +0.0109%Avantis +0.0177%BloFin +0.0191%HTX +0.0245%Phoenix +0.0251%Deribit +0.0273%Bybit +0.0325%Lighter +0.0432%BingX +0.0460%OKX +0.0488%tradeXYZ +0.0681%Reya +0.0717%Ondo Perps +0.0786%Popdex +0.0936%SoDEX +0.1001%Polymarket Perps +0.1052%

⇄⇅

SHORTKraken Futures▾Polymarket Perps +0.1052%SoDEX +0.1001%Popdex +0.0936%Ondo Perps +0.0786%Reya +0.0717%tradeXYZ +0.0681%OKX +0.0488%BingX +0.0460%Lighter +0.0432%Bybit +0.0325%Deribit +0.0273%Phoenix +0.0251%HTX +0.0245%BloFin +0.0191%Avantis −0.0141%Bitget +0.0109%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%GRVT +0.0078%Binance +0.0072%Extended +0.0072%MEXC +0.0071%Backpack +0.0050%AZverse +0.0047%Vest Markets +0.0046%Arcus +0.0038%Aster +0.0019%Variational Omni +0.0017%edgeX +0.0015%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%KuCoin 0.0000%SunX 0.0000%Phemex 0.0000%Kraken Futures −0.0594%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	InjectiveNO DATA 26 minHOOD/USDC PERP	94.783	+0.0440	pay 0.0055% / 1h	44m 22s	$25K	$124K	25x	Long Injective
SHORT	Kraken FuturesPF_HOODXUSD	95.697	−0.0594	pay 0.0074% / 1h	44m 22s	$311K	$16K	20x	Short Kraken Futures

Price gap+0.965%1500s

Funding gap−0.1034% /8h

The gap pays +$97 on $10k if it goes back to its 7d average, but funding costs $31 a day and eats that in about 3.1 days.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.388% in total, about +0.0185%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.965%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

InjectiveKraken Futures

HOOD on 39 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Thin at this size29.3 / 22.2 bp

  At $10k entering Injective costs 29.3 bp, fee and slippage, 1.3× Kraken Futures’s.
• i
  Note: Margin at max leverage$400 + $500

  Injective 25x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Injective · 1h−$13.20

  Short Kraken Futures · 1h−$17.83

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$31.03Long Injective: 24 payments, −$13.20; short Kraken Futures: 24 payments, −$17.83.
• !
  Watch: Prices read 25 min apart+0.965% vs −0.005%

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$25K vs $311K OI

  Injective sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCInjective No · Kraken Futures Yes

  Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0185%/8h × 21 periods+$38.76

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$180.61

Fee Injective bp × 2 orders−$0.02

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$151.87

price spread not counted: prices read too far apart

Costs to cover1.906%Break-even34.4 days

Slippage: Injective: live order book, 38 min ago; Kraken Futures: live order book, 13 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGInjective29.2529.3 bp−$2910625.9 bp−$106.3K196253.8 bp−$19.63M1021258.2 bp−$510.63M

SELL · SHORTKraken Futures12.5322.2 bp−$2235.1 bp−$351doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

HOOD news

posts that mention HOOD or Robinhood Markets, from every exchangeSearch all news →

10-23 16:53	Backpack	Other	Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-23 08:04	Reya	Listing	$CRCL $HOOD $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗
10-20 13:01	Reya	Listing	new market HOODRUSDPERP ($HOOD) seen by our collector
10-05 12:38	RISEx	Listing	September has been an extra special month - all because of you. On Sep 25, we hit $10B in cumulative volume, and one week later, we pushed open interest to a new all-time high of $ 77.3M. Product Highlight • Custom referral code slugs are now open to everyone • We launched Impact Pool for our power traders to reward size • Paid dividends on SPY and QQQ • Shipped TWAP and one-click trading, plus more UX upgrades • Improved mobile experience with QR login 9 new listings: 7 RWA and 2 Crypto $MSTR, $NVDA, $KORU, $HOOD, $TSLA, $CRCL, $SKHYNIX, $ARB, $ONDO - together a total of $126M in volume within their first month By the numbers • Total volume: $10.65B • Peak 24hr volume: $153,594,486 • Total active accounts: 11,669 • Total RWA volume: $2.12B • Peak open interest: $71,685,253 (new ATH $77.3M on 2 Oct) • Total fees: $2,750,797 • Peak daily active users: 3,211 • Total liquidations: $32,858,815 RISE will move as one. And we’re just getting started @risextrade on X ↗
09-30 13:31	Vest Markets	Other	At the open, $HOOD is up around 5%, with Robinhood's HOOD Summit bringing AI trading agents and perpetual futures. More than 150,000 customers have opened agentic trading accounts since May, with the agents running nearly 30 million daily tool queries. Trade $HOOD volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗
09-28 18:50	Aevo	Other	bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗