Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.005%

Price spread now: Injective against Orderly−0.328%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Injective is 0.328% cheaper against Orderly than usual: you would sell low and buy high (spread −0.328% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 13 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HOOD_USDC_mythos	121.78	0.0100	pay 0.0100% / 8h	6h 45m	$2K	$2K	10x
Short	Injective HOOD/USDC PERP	121.38	0.0186	get 0.0023% / 1h	45m 18s	$58K	$57K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Orderly. 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 OrderlybpFee InjectivebpOrdersPrice spread, now −0.328%Rate

Funding earned: $17.98
Price spread: −0.328% → 0.000%: −$32.85
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$20.89
Costs to cover: 0.060%
Break-even: 15.1 days

Slippage unknown: Orderly: no order-book sample; Injective: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Orderly and 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
Polymarket Perps HOOD-USD	−0.0119%	1h	121.60	−0.148%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.80	+0.018%	$107K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.77	−0.010%	$361K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.80	+0.016%	$21.2M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.78	0.000%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.79	+0.008%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.77	−0.012%	$373K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.77	−0.008%	$562K	$7.6M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.81	+0.025%	$5.4M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.75	−0.028%	$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	122.02	+0.196%	$865K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.78	0.000%	$996K	$8K	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.80	+0.016%	$2.9M	$3.0M	10x	as long as short
QFEX HOOD-USD	+0.0034%	1h	121.74	−0.033%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0035%	1h	121.61	−0.140%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.88	+0.082%	$1.1M	$1.8M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.75	−0.024%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.67	−0.090%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.72	−0.049%	$197K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0091%	1h	121.78	0.000%	$52.6M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.79	+0.005%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.80	+0.016%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.81	+0.025%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythoslong	+0.0100%	8h	121.78	long leg	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	121.75	−0.028%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.181%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERPshort	+0.0186%	1h	121.38	−0.328%	$58K	$57K	30x
Phoenix HOOD	+0.0261%	1h	122.08	+0.246%	$28K	$237K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0325%	1h	121.83	+0.041%	$7K	$68K	10x	as long as short
edgeX HOODUSDC	+0.0752%	4h	121.87	+0.070%	$367K	$306K	10x	as long as short