Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.003%

Price spread now: Variational Omni against Lighter+0.455%7-day average +0.034% · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days−0.473%−$47 · spread now +0.455%, 7d avg +0.034%

Together, before fees−0.499%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.421% dearer against Lighter than usual: you sell high and buy low (spread +0.455% now, against its 7-day average of +0.034%): +$42 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HOOD	122.60	0.0032	pay 0.0004% / 1h	14m 45s	$2.9M	$2.1M	10x
Short	Variational Omni HOOD	123.16	0	get 0.0000% / 8h	1h 14m	$2.4M	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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 LighterbpFee Variational OmnibpOrdersPrice spread, now +0.455%Rate

Funding earned: −$6.72
Price spread: +0.455% → +0.034%: $42.08
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $35.36
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Variational Omni: RFQ quote, 4 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 Lighter live order book, 7 min ago	1.10 bp	1.2 bp −$1	3.3 bp −$33	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.06 bp	doesn't fit	25.1 bp −$251	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
Polymarket Perps HOOD-USD	−0.0114%	1h	122.34	−0.214%	$269K	$330K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	122.83	+0.184%	$109K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	122.78	+0.145%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	122.85	+0.202%	$3.0M	$5.8M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	122.71	+0.086%	$399K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	122.83	+0.186%	$567K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	122.89	+0.235%	$5.6M	$9.4M	20x	as long as short
Variational Omni HOODshort	0.0000%	8h	123.16	+0.455%	$2.4M	$1.0M	—
GRVT HOOD_USDT_Perp	0.0000%	8h	123.19	+0.482%	$867K	$2.1M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	122.82	+0.178%	$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
Lighter HOODlong	+0.0032%	1h	122.60	long leg	$2.9M	$2.1M	10x
Vest HOOD-USD-PERP	+0.0046%	1h	122.55	−0.042%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	122.60	−0.005%	$736	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.83	+0.186%	$1.4M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0057%	1h	122.68	+0.064%	$1.3M	$4.1M	10x	as long as short
Binance HOODUSDT	+0.0072%	8h	122.79	+0.152%	$23.6M	$86.7M	20x	as long as short
Extended HOOD_24_5-USD	+0.0072%	1h	122.67	+0.058%	$415K	$1.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	122.26	−0.279%	$189K	$1.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	122.79	+0.156%	$80K	$103K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	122.83	+0.186%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.21	+0.496%	$5K	$128K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	122.46	−0.116%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	122.32	−0.229%	$16K	—	10x	as long as short
tradeXYZ xyz:HOOD	+0.0132%	1h	122.85	+0.202%	$52.8M	$29.7M	10x	as long as short
Arcus HOOD-USD	+0.0187%	1h	122.23	−0.303%	$1.1M	$1.7M	10x	as long as short
BloFin HOOD-USDT	+0.0195%	8h	122.74	+0.113%	$186K	$123K	20x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.07	+0.382%	$63K	$50K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0322%	1h	122.36	−0.197%	$8K	$81K	10x	as long as short
Phoenix HOOD	+0.0388%	1h	123.26	+0.537%	$28K	$188K	10x	as long as short
edgeX HOODUSDC	+0.0949%	4h	123.20	+0.490%	$371K	$308K	10x	as long as short