Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0213%/8h= +23.4% APRpaid last 24h +0.021%

Price spread now: Injective against Variational Omni−0.105%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Injective is 0.105% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 40 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HOOD	123.01	0	get 0.0000% / 8h	7h 24m	$2.3M	$1.1M	—
Short	Injective HOOD/USDC PERP	122.88	0.0213	get 0.0027% / 1h	24m 43s	$63K	$49K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.105%Rate

Funding earned: $44.78
Price spread: −0.105% → 0.000%: −$10.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $34.22
Costs to cover: 0.000%
Break-even: 1.7 days

Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	3.17 bp	doesn't fit	21.9 bp −$219	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
Aster HOODUSDT	0.0000%	8h	122.92	−0.075%	$108K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	123.05	+0.030%	$364K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	123.00	−0.008%	$21.9M	$89.4M	20x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.00	−0.008%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.05	+0.029%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.05	+0.033%	$577K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.08	+0.057%	$5.6M	$9.5M	20x	as long as short
Variational Omni HOODlong	0.0000%	8h	123.01	long leg	$2.3M	$1.1M	—
GRVT HOOD_USDT_Perp	0.0000%	8h	123.10	+0.073%	$864K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.04	+0.025%	$1.0M	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HOODUSDT	+0.0006%	8h	123.06	+0.041%	$3.9M	$8.7M	25x	as long as short
QFEX HOOD-USD	+0.0014%	1h	123.07	+0.049%	$1.3M	$4.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0040%	1h	122.99	−0.016%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.99	−0.016%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	122.91	−0.081%	$260K	$340K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.06	+0.037%	$741	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.97	−0.032%	$1.2M	$1.6M	15x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0075%	1h	123.04	+0.025%	$8K	$69K	10x	as long as short
Lighter HOOD	+0.0080%	1h	122.98	−0.021%	$2.9M	$2.1M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	122.34	−0.544%	$202K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.01	−0.002%	$71K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.02	+0.008%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.95	−0.049%	$5K	$107K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.05	+0.033%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.05	+0.036%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	123.11	+0.082%	$181K	$116K	20x	as long as short
tradeXYZ xyz:HOOD	+0.0157%	1h	123.01	0.000%	$52.9M	$27.7M	10x	as long as short
Phoenix HOOD	+0.0196%	1h	123.09	+0.065%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERPshort	+0.0213%	1h	122.88	−0.105%	$63K	$49K	30x
edgeX HOODUSDC	+0.0492%	4h	123.07	+0.047%	$370K	$307K	10x	as long as short