Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h +0.004%

Price spread now: Ondo Perps against Variational Omni−0.082%7-day average −0.114% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days−0.238%−$24 · spread now −0.082%, 7d avg −0.114%

Together, before fees−0.233%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.031% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HOOD	123.61	0.0024	pay 0.0024% / 8h	2h 05m	$2.4M	$1.0M	—
Short	Ondo Perps HOOD-USD.P	123.51	0.0050	get 0.0006% / 1h	5m 35s	$1.4M	$1.3M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now −0.082%Rate

Funding earned: $5.63
Price spread: −0.082% → −0.114%: $3.14
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $3.78
Costs to cover: 0.050%
Break-even: 2.3 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Ondo Perps: 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 Variational Omni RFQ quote, 4 min ago	3.19 bp	doesn't fit	42.3 bp −$423	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.0009%	1h	123.46	−0.123%	$263K	$320K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.60	−0.007%	$110K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.57	−0.034%	$4.0M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.61	−0.002%	$3.0M	$5.7M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.57	−0.034%	$554K	$7.9M	50x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.64	+0.023%	$1.0M	$8K	10x	as long as short
Injective HOOD/USDC PERP	+0.0004%	1h	123.73	+0.096%	$63K	$50K	30x	as long as short
Bitget HOODUSDT	+0.0005%	8h	123.61	−0.002%	$5.7M	$9.2M	20x	as long as short
Variational Omni HOODlong	+0.0024%	8h	123.61	long leg	$2.4M	$1.0M	—
Lighter HOOD	+0.0032%	1h	123.50	−0.087%	$3.0M	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HOOD-USD-PERP	+0.0046%	1h	123.46	−0.123%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.59	−0.015%	$744	$3K	10x	as long as short
Ondo Perps HOOD-USD.Pshort	+0.0050%	1h	123.51	−0.082%	$1.4M	$1.3M	15x
QFEX HOOD-USD	+0.0061%	1h	123.61	−0.002%	$1.3M	$4.1M	10x	as long as short
edgeX HOODUSDC	+0.0093%	4h	123.61	0.000%	$372K	$306K	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0094%	8h	123.60	−0.006%	$870K	$2.2M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.46	−0.121%	$80K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.56	−0.042%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.51	−0.082%	$45K	$238K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.54	−0.058%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.54	−0.060%	$16K	—	10x	as long as short
Binance HOODUSDT	+0.0135%	8h	123.63	+0.018%	$23.8M	$84.3M	20x	as long as short
Extended HOOD_24_5-USD	+0.0136%	1h	123.62	+0.004%	$419K	$1.2M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0192%	1h	123.41	−0.163%	$196K	$1.8M	10x	as long as short
BloFin HOOD-USDT	+0.0256%	8h	123.63	+0.015%	$188K	$123K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0260%	1h	123.54	−0.058%	$53.1M	$30.0M	10x	as long as short
Phoenix HOOD	+0.0323%	1h	123.62	+0.007%	$28K	$188K	10x	as long as short
RISEx HOOD/USDC	+0.0337%	1h	123.61	−0.002%	$419K	$1.4M	10x	as long as short
Arcus HOOD-USD	+0.0472%	1h	123.52	−0.074%	$1.1M	$1.7M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.1046%	1h	123.66	+0.039%	$6K	$84K	10x	as long as short