Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: Pacifica against Variational Omni−0.012%52s7-day average −0.046% · you buy dearer than you sell

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.503%−$50 · spread now −0.012%, 7d avg −0.046%

Together, before fees−0.437%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.033% 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 −0.046%. The two prices were read 52 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	Variational Omni HOOD	121.51	0	get 0.0000% / 8h	3h 54m	$2.3M	$1.1M	—
Short	Pacifica HOOD	121.50	0.0100	get 0.0013% / 1h	54m 54s	$68K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. 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 Variational OmnibpFee PacificabpOrdersPrice spread, now −0.012%Rate

Funding earned: $21
Price spread: −0.012% → −0.046%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $16.35
Costs to cover: 0.080%
Break-even: 1.6 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Pacifica: live order book, 63 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 Variational Omni RFQ quote, 4 min ago	4.07 bp	doesn't fit	23.7 bp −$237	doesn't fit	doesn't fit
Sell Pacifica live order book, 63 min ago	2.34 bp	11.2 bp −$11	doesn't fit	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
Injective HOOD/USDC PERP	−0.0440%	1h	121.21	−0.250%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0081%	8h	121.55	+0.030%	$576K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0001%	1h	121.32	−0.159%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.51	−0.002%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.51	−0.004%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.54	+0.025%	$20.9M	$91.0M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.53	+0.013%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.54	+0.022%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.52	+0.005%	$396K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.57	+0.046%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOODlong	0.0000%	8h	121.51	long leg	$2.3M	$1.1M	—
GRVT HOOD_USDT_Perp	0.0000%	8h	121.50	−0.011%	$850K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.50	−0.011%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	121.33	−0.151%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.51	−0.003%	$1.3M	$3.6M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.44	−0.061%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.44	−0.061%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.52	+0.004%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.33	−0.151%	$1.2M	$1.5M	15x	as long as short
Pacifica HOODshort	+0.0100%	1h	121.50	−0.012%	$68K	$109K	10x
KuCoin HOODUSDTM	+0.0100%	8h	121.52	+0.005%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.43	−0.069%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.53	+0.013%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.50	−0.015%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.340%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.55	+0.030%	$175K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.46	−0.044%	$28K	$238K	10x	as long as short
Lighter HOOD	+0.0256%	1h	121.49	−0.022%	$2.8M	$3.1M	10x	as long as short
edgeX HOODUSDC	+0.0546%	4h	121.50	−0.010%	$366K	$303K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0739%	1h	121.51	−0.003%	$6K	$56K	10x	as long as short