Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Aster against Ondo Perps+0.022%47s7-day average +0.091% · you sell dearer than you buy

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

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now +0.022%, 7d avg +0.091%

Together, before fees+0.139%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.069% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.091%). Swap the legs. The two prices were read 47 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	Ondo Perps HOOD-USD.P	121.75	0.0050	pay 0.0006% / 1h	12m 48s	$1.2M	$1.5M	15x
Short	Aster HOODUSDT	121.78	0	get 0.0000% / 8h	5h 12m	$106K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$10.58
Price spread: +0.022% → +0.091%: −$6.9
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.49
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 49 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 49 min ago	4.93 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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
Polymarket Perps HOOD-USD	−0.0117%	1h	121.56	−0.156%	$252K	$344K	10x	as long as short
Aster HOODUSDTshort	0.0000%	8h	121.78	+0.022%	$106K	$279K	20x
Extended HOOD_24_5-USD	0.0000%	1h	121.70	−0.040%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.71	−0.033%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.69	−0.049%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.79	+0.033%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.78	+0.025%	$382K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.81	+0.049%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.78	+0.025%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.81	+0.050%	$2.3M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.73	−0.015%	$860K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.77	+0.016%	$996K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.77	+0.016%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.62	−0.107%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.72	−0.025%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.68	−0.057%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.76	+0.011%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.Plong	+0.0050%	1h	121.75	long leg	$1.2M	$1.5M	15x
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.172%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.73	−0.013%	$68K	$106K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.76	+0.008%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.67	−0.066%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.78	+0.025%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.74	−0.010%	$16K	—	10x	as long as short
Lighter HOOD	+0.0112%	1h	121.75	+0.001%	$2.8M	$3.1M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.78	+0.025%	$176K	$162K	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0161%	1h	121.72	−0.025%	$7K	$68K	10x	as long as short
Phoenix HOOD	+0.0197%	1h	121.75	0.000%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.320%	$58K	$57K	30x	as long as short
edgeX HOODUSDC	+0.0436%	4h	121.70	−0.040%	$366K	$305K	10x	as long as short