Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0392%/8h= −42.9% APRpaid last 24h +0.008%

Price spread now: Injective against Binance−0.433%77s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Injective is 0.433% cheaper against Binance than usual: you would sell low and buy high (−$43 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HOODUSDT	120.86	0	get 0.0000% / 8h	1h 26m	$20.8M	$92.3M	20x
Short	Injective HOOD/USDC PERP	120.34	−0.0392	pay 0.0049% / 1h	26m 03s	$57K	$57K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now −0.433%Rate

Funding earned: −$82.34
Price spread: −0.433% → 0.000%: −$43.32
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$135.68
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 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 Binance live order book, 2 min ago	1.24 bp	8.5 bp −$8	17.6 bp −$176	64.4 bp −$6,440	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
Injective HOOD/USDC PERPshort	−0.0392%	1h	120.34	−0.433%	$57K	$57K	30x
Gate HOOD_USDT	−0.0179%	8h	120.88	+0.014%	$600K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0176%	8h	120.82	−0.036%	$5.4M	$9.9M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.80	−0.050%	$106K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.81	−0.047%	$356K	$1.3M	10x	as long as short
Binance HOODUSDTlong	0.0000%	8h	120.86	long leg	$20.8M	$92.3M	20x
Bybit HOODUSDT	0.0000%	8h	120.82	−0.036%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.86	−0.003%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.60	−0.219%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.60	−0.218%	$852K	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDT	0.0000%	8h	120.83	−0.028%	$989K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	120.58	−0.235%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.58	−0.235%	$1.1M	$1.7M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.64	−0.185%	$251K	$345K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.78	−0.067%	$721	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.56	−0.251%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.78	−0.069%	$1.3M	$2.9M	10x	as long as short
Lighter HOOD	+0.0080%	1h	120.78	−0.065%	$2.8M	$3.2M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0084%	1h	120.78	−0.069%	$51.3M	$27.8M	10x	as long as short
edgeX HOODUSDC	+0.0094%	4h	120.65	−0.174%	$363K	$303K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.74	−0.099%	$67K	$106K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.73	−0.110%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.61	−0.210%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.79	−0.061%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.78	−0.065%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.67	−0.160%	$174K	$160K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.60	−0.218%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.61	−0.210%	$28K	$238K	10x	as long as short
RISEx HOOD/USDC	+0.0365%	1h	120.85	−0.010%	$395K	$1.4M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0661%	1h	120.81	−0.044%	$6K	$52K	10x	as long as short