Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h +0.017%

Price spread now: Injective against Aster−0.399%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Injective is 0.399% cheaper against Aster than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HOODUSDT	121.45	0	get 0.0000% / 8h	7h 16m	$109K	$285K	20x
Short	Injective HOOD/USDC PERP	120.97	−0.0440	pay 0.0055% / 1h	16m 36s	$25K	$93K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now −0.399%Rate

Funding earned: −$92.4
Price spread: −0.399% → 0.000%: −$39.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$140.32
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 15 min ago; 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 Aster live order book, 15 min ago	4.17 bp	53.6 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Injective HOOD/USDC PERPshort	−0.0440%	1h	120.97	−0.399%	$25K	$93K	30x
Aster HOODUSDTlong	0.0000%	8h	121.45	long leg	$109K	$285K	20x
OKX HOOD-USDT-SWAP	0.0000%	8h	121.41	−0.037%	$2.7M	$6.1M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.47	+0.013%	$596K	$7.1M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.44	−0.012%	$5.5M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.05	−0.335%	$2.2M	$977K	—	as long as short
Phemex HOODUSDT	0.0000%	8h	121.38	−0.061%	$993K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0004%	1h	121.18	−0.226%	—	$64K	25x	as long as short
Extended HOOD_24_5-USD	+0.0024%	1h	121.42	−0.030%	$357K	$2.3M	10x	as long as short
Binance HOODUSDT	+0.0038%	8h	121.46	+0.004%	$21.0M	$90.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX HOOD-USD	+0.0038%	1h	121.48	+0.021%	$1.3M	$2.8M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.33	−0.103%	$1.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.40	−0.045%	$51.1M	$26.9M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	121.26	−0.160%	$253K	$335K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.11	−0.284%	$1.2M	$1.4M	15x	as long as short
Lighter HOOD	+0.0064%	1h	121.37	−0.067%	$2.9M	$3.2M	10x	as long as short
BloFin HOOD-USDT	+0.0087%	8h	121.43	−0.020%	$173K	$178K	20x	as long as short
Pacifica HOOD	+0.0100%	1h	121.42	−0.029%	$74K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.26	−0.160%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.78	−0.555%	$5K	$36K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.40	−0.045%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.38	−0.065%	$16K	—	10x	as long as short
Bybit HOODUSDT	+0.0107%	8h	121.45	−0.004%	$3.7M	$8.1M	25x	as long as short
Phoenix HOOD	+0.0133%	1h	120.29	−0.959%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0200%	1h	119.88	−1.296%	$195K	$1.8M	10x	as long as short
RISEx HOOD/USDC	+0.0421%	1h	121.50	+0.036%	$421K	$1.3M	10x	as long as short
GRVT HOOD_USDT_Perp	+0.0506%	8h	121.18	−0.224%	$849K	$1.9M	10x	as long as short
SoDEX HOOD-USD	+0.0511%	1h	121.39	−0.056%	$723	$4K	10x	as long as short
edgeX HOODUSDC	+0.0659%	4h	121.13	−0.267%	$365K	$304K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.1152%	1h	121.41	−0.037%	$6K	$53K	10x	as long as short