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Funding arb · Price arb /

HOOD

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0449%/8h= −49.2% APRnext payment −$0.56 per $10,000 · paid last 24h −0.045%
Price spread now: Polymarket Perps against Injective+0.198%111s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Polymarket Perps is 0.198% dearer against Injective than usual: you sell high and buy low (spread +0.198% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 35 hours. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective HOOD/USDC PERP121.360.0345pay 0.0043% / 1h9m 25s$58K$57K30x
ShortPolymarket Perps HOOD-USD121.60−0.0104pay 0.0013% / 1h9m 25s$252K$344K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
−$94.35
Price spread: +0.198% → 0.000%
$19.78
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$82.6
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 53 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Polymarket Perps live order book, 53 min ago2.46 bp6.9 bp −$77.2 bp −$729.0 bp −$904doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps HOOD-USDshort−0.0104%1h121.60+0.198%$252K$344K10x
Aster HOODUSDT0.0000%8h121.79+0.352%$106K$279K20xas long as short
Extended HOOD_24_5-USD0.0000%1h121.77+0.336%$358K$1.3M10xas long as short
Binance HOODUSDT0.0000%8h121.83+0.387%$21.1M$90.6M20xas long as short
Bybit HOODUSDT0.0000%8h121.83+0.387%$3.9M$8.7M25xas long as short
OKX HOOD-USDT-SWAP0.0000%8h121.79+0.354%$2.7M$6.1M20xas long as short
RISEx HOOD/USDC0.0000%1h121.80+0.363%$382K$1.4M10xas long as short
Gate HOOD_USDT0.0000%8h121.87+0.420%$580K$7.7M50xas long as short
Bitget HOODUSDT0.0000%8h121.83+0.387%$5.4M$9.6M20xas long as short
Variational Omni HOOD0.0000%8h121.77+0.335%$2.3M$1.1M—as long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT HOOD_USDT_Perp0.0000%8h121.84+0.396%$861K$2.0M10xas long as short
Phemex HOODUSDT0.0000%8h121.87+0.420%$997K$8K10xas long as short
QFEX HOOD-USD+0.0024%1h121.78+0.346%$1.3M$3.7M10xas long as short
Vest HOOD-USD-PERP+0.0025%1h121.61+0.206%—$62K25xas long as short
Arcus HOOD-USD+0.0040%1h121.75+0.321%$1.1M$1.7M10xas long as short
tradeXYZ xyz:HOOD+0.0050%1h121.74+0.313%$52.0M$28.1M10xas long as short
SoDEX HOOD-USD+0.0050%1h121.85+0.403%$734$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h121.63+0.222%$1.2M$1.5M15xas long as short
Coinbase International HOOD-PERP-INTX+0.0056%1h121.54+0.148%$194K$1.9M10xas long as short
Pacifica HOOD+0.0100%1h121.76+0.330%$68K$105K10xas long as short
KuCoin HOODUSDTM+0.0100%8h121.83+0.387%$1.3M$1.2M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h121.69+0.272%$5K$41K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h121.86+0.412%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h121.84+0.392%$16K—10xas long as short
Lighter HOOD+0.0120%1h121.78+0.349%$2.8M$3.1M10xas long as short
BloFin HOOD-USDT+0.0120%8h121.84+0.396%$176K$162K20xas long as short
edgeX HOODUSDC+0.0155%4h121.76+0.329%$366K$304K10xas long as short
Phoenix HOOD+0.0197%1h121.82+0.379%$28K$239K10xas long as short
Injective HOOD/USDC PERPlong+0.0345%1h121.36long leg$58K$57K30x
Deribit HOOD_USDC-PERPETUAL+0.0653%1h121.87+0.420%$8K$68K10xas long as short