Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.004%

Price spread now: Polymarket Perps against Aster−0.165%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1221.218% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.386%+$39 · spread now −0.165%, 7d avg −0.118%

Together, before fees+0.265%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.047% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.118%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HOODUSDT	121.29	0	get 0.0000% / 8h	4h 36m	$106K	$280K	20x
Short	Polymarket Perps HOOD-USD	121.09	−0.0132	pay 0.0017% / 1h	36m 00s	$251K	$344K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$27.79
Price spread: −0.165% → −0.118%: −$4.71
Slippage, 4 orders: −$105.82
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$154.32
Costs to cover: 1.218%
Break-even: never at this rate

Slippage from Aster: live order book, 21 min ago; Polymarket Perps: live order book, 21 min ago.

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, 21 min ago	4.93 bp	54.6 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 21 min ago	2.88 bp	6.9 bp −$7	7.3 bp −$73	8.8 bp −$882	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	121.05	−0.198%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USDshort	−0.0132%	1h	121.09	−0.165%	$251K	$344K	10x
Gate HOOD_USDT	−0.0031%	8h	121.27	−0.016%	$572K	$7.7M	50x	as long as short
Aster HOODUSDTlong	0.0000%	8h	121.29	long leg	$106K	$280K	20x
Extended HOOD_24_5-USD	0.0000%	1h	121.21	−0.066%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.28	−0.008%	$21.0M	$90.8M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.27	−0.016%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.25	−0.033%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.27	−0.016%	$397K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.31	+0.017%	$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 HOOD	0.0000%	8h	121.22	−0.059%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.35	+0.051%	$849K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.25	−0.033%	$7K	$55K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.29	0.000%	$992K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0021%	1h	121.11	−0.148%	—	$62K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.27	−0.016%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.24	−0.044%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.20	−0.074%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.20	−0.074%	$51.8M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.22	−0.062%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.16	−0.107%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.54	+0.206%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.26	−0.028%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.34	+0.041%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.27	−0.016%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.25	−0.033%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.23	−0.052%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.27	−0.016%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.34	+0.041%	$27K	$238K	10x	as long as short
edgeX HOODUSDC	+0.0377%	4h	121.34	+0.039%	$365K	$304K	10x	as long as short