Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0274%/8hpaid last 24h +0.032%

Price spread now: Bitget against Injective−0.802%7-day average +0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$29 on $10k

Price spread, last 3 days (all we have)+0.797%+$80 · spread now −0.802%, 7d avg +0.113%

Together, before fees+1.082%+$108 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.914% cheaper against Injective than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of +0.113%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.285%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HOOD/USDC PERP	124.72	0.0323	pay 0.0040% / 1h	4m 48s	$64K	$50K	30x
Short	Bitget HOODUSDT	123.72	0.0049	get 0.0049% / 8h	4h 04m	$5.7M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.802%Rate

Funding earned: −$57.63
Price spread: −0.802% → +0.113%: −$91.44
Slippage, 4 orders: −$50.73
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$211.82
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Injective: live order book, 86 min ago; Bitget: live order book, 3 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 Injective live order book, 86 min ago	15.23 bp	25.6 bp −$26	154.4 bp −$1,544	91541.9 bp −$9.15M	497705.6 bp −$248.85M
Sell Bitget live order book, 3 min ago	2.02 bp	11.0 bp −$11	23.8 bp −$238	114.4 bp −$11.4K	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
Arcus HOOD-USD	−0.0761%	1h	123.72	−0.802%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	−0.0001%	1h	123.56	−0.930%	$251K	$274K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.71	−0.808%	$113K	$257K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	123.80	−0.736%	$419K	$1.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	123.79	−0.746%	$23.8M	$82.5M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.73	−0.794%	$4.1M	$8.4M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.73	−0.794%	$3.1M	$5.5M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.78	−0.754%	$411K	$1.5M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.76	−0.770%	$553K	$7.8M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	123.78	−0.754%	$2.4M	$1.0M	—	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	123.87	−0.683%	$878K	$2.4M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.78	−0.754%	$1.0M	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.67	−0.842%	—	$63K	25x	as long as short
Bitget HOODUSDTshort	+0.0049%	8h	123.72	−0.802%	$5.7M	$8.9M	20x
SoDEX HOOD-USD	+0.0050%	1h	123.70	−0.820%	$740	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.69	−0.826%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0051%	1h	123.77	−0.762%	$1.3M	$4.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.74	−0.784%	$77K	$104K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.85	−0.698%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.63	−0.874%	$45K	$252K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.74	−0.786%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.71	−0.808%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	123.82	−0.722%	$190K	$118K	20x	as long as short
Lighter HOOD	+0.0176%	1h	123.57	−0.919%	$3.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0200%	1h	123.68	−0.834%	$53.2M	$28.8M	10x	as long as short
edgeX HOODUSDC	+0.0240%	4h	124.24	−0.381%	$374K	$306K	10x	as long as short
Phoenix HOOD	+0.0257%	1h	123.88	−0.674%	$28K	$186K	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0280%	1h	123.68	−0.834%	$193K	$1.8M	10x	as long as short
Injective HOOD/USDC PERPlong	+0.0323%	1h	124.72	long leg	$64K	$50K	30x
Deribit HOOD_USDC-PERPETUAL	+0.0478%	1h	123.70	−0.818%	$6K	$174K	10x	as long as short