Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h 0.000%

Price spread now: Gate against Injective+0.132%84s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.132% dearer against Injective than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.153% in total (about 8.0% 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	Injective HOOD/USDC PERP	120.88	−0.0440	get 0.0055% / 1h	5m 51s	$58K	$57K	30x
Short	Gate HOOD_USDT	121.04	−0.0137	pay 0.0137% / 8h	3h 05m	$572K	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.132%Rate

Funding earned: $63.63
Price spread: +0.132% → 0.000%: $13.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $61.85
Costs to cover: 0.150%
Break-even: 0.2 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	0.83 bp	14.2 bp −$14	47.7 bp −$477	doesn't fit	doesn't fit

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 PERPlong	−0.0440%	1h	120.88	long leg	$58K	$57K	30x
Bitget HOODUSDT	−0.0149%	8h	121.03	+0.124%	$5.4M	$9.7M	20x	as long as short
Gate HOOD_USDTshort	−0.0137%	8h	121.04	+0.132%	$572K	$7.7M	50x
Aster HOODUSDT	0.0000%	8h	121.07	+0.154%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.01	+0.107%	$360K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.04	+0.132%	$20.8M	$91.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.05	+0.141%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.96	+0.066%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.04	+0.132%	$383K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.00	+0.098%	$2.3M	$1.1M	—	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	120.88	0.000%	$848K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.02	+0.116%	$990K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0015%	1h	120.74	−0.116%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.00	+0.099%	$1.3M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.89	+0.008%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.00	+0.099%	$51.3M	$28.3M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.82	−0.050%	$251K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.98	+0.080%	$727	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.77	−0.091%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.97	+0.076%	$67K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.98	+0.083%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.81	−0.058%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.02	+0.116%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.97	+0.076%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	+0.182%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.99	+0.091%	$174K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	120.94	+0.050%	$28K	$238K	10x	as long as short
Lighter HOOD	+0.0152%	1h	120.98	+0.085%	$2.8M	$3.2M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0660%	1h	121.01	+0.108%	$6K	$54K	10x	as long as short
edgeX HOODUSDC	+0.0805%	4h	120.91	+0.027%	$364K	$304K	10x	as long as short