Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0280%/8hpaid last 24h +0.072%

Price spread now: Coinbase International against Aster−0.026%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now −0.026%, 7d avg −0.159%

Together, before fees+0.124%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.134% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HOODUSDT	123.71	0	get 0.0000% / 8h	4h 04m	$113K	$257K	20x
Short	Coinbase International HOOD-PERP-INTX	123.68	0.0280	get 0.0035% / 1h	4m 46s	$193K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.026%Rate

Funding earned: $58.8
Price spread: −0.026% → −0.159%: $13.35
Slippage, 4 orders: −$22.41
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $31.74
Costs to cover: 0.404%
Break-even: 3.2 days

Slippage from Aster: live order book, 26 min ago; Coinbase International: 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 Aster live order book, 26 min ago	2.41 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.23 bp	9.0 bp −$9	14.0 bp −$140	doesn't fit	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	+0.007%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	−0.0001%	1h	123.56	−0.123%	$251K	$274K	10x	as long as short
Aster HOODUSDTlong	0.0000%	8h	123.71	long leg	$113K	$257K	20x
Extended HOOD_24_5-USD	0.0000%	1h	123.80	+0.073%	$419K	$1.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	123.79	+0.063%	$23.8M	$82.5M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.73	+0.015%	$4.1M	$8.4M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.73	+0.015%	$3.1M	$5.5M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.78	+0.055%	$411K	$1.5M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.76	+0.039%	$553K	$7.8M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	123.78	+0.055%	$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	+0.126%	$878K	$2.4M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.78	+0.055%	$1.0M	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.67	−0.034%	—	$63K	25x	as long as short
Bitget HOODUSDT	+0.0049%	8h	123.72	+0.007%	$5.7M	$8.9M	20x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.70	−0.012%	$740	$3K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.69	−0.018%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0051%	1h	123.77	+0.047%	$1.3M	$4.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.74	+0.025%	$77K	$104K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.85	+0.112%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.63	−0.066%	$45K	$252K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.74	+0.023%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.71	+0.001%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	123.82	+0.088%	$190K	$118K	20x	as long as short
Lighter HOOD	+0.0176%	1h	123.57	−0.111%	$3.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0200%	1h	123.68	−0.026%	$53.2M	$28.8M	10x	as long as short
edgeX HOODUSDC	+0.0240%	4h	124.24	+0.431%	$374K	$306K	10x	as long as short
Phoenix HOOD	+0.0257%	1h	123.88	+0.136%	$28K	$186K	10x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0280%	1h	123.68	−0.026%	$193K	$1.8M	10x
Injective HOOD/USDC PERP	+0.0323%	1h	124.72	+0.815%	$64K	$50K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0478%	1h	123.70	−0.009%	$6K	$174K	10x	as long as short