Funding arb · Price arb /

HOOD

RWAall HOOD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0245%/8h= −26.9% APRpaid last 24h −0.012%

Price spread now: KuCoin against Injective+0.354%70s7-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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. KuCoin is 0.354% dearer against Injective than usual: you sell high and buy low (spread +0.354% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.229%, so the current rate has only just turned against you. The two prices were read 70 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	Injective HOOD/USDC PERP	121.36	0.0345	pay 0.0043% / 1h	24m 08s	$58K	$57K	30x
Short	KuCoin HOODUSDTM	121.79	0.0100	get 0.0100% / 8h	5h 24m	$1.3M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.354%Rate

Funding earned: −$51.55
Price spread: +0.354% → 0.000%: $35.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.13
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	2.46 bp	41.2 bp −$41	doesn't fit	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
Polymarket Perps HOOD-USD	−0.0135%	1h	121.58	+0.181%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.74	+0.315%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.76	+0.330%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.79	+0.354%	$21.1M	$90.4M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.74	+0.313%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.76	+0.330%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.75	+0.321%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.79	+0.354%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.82	+0.379%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.69	+0.272%	$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	121.65	+0.238%	$854K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.79	+0.354%	$996K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.77	+0.338%	$1.3M	$3.8M	10x	as long as short
Vest HOOD-USD-PERP	+0.0026%	1h	121.66	+0.247%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.67	+0.255%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.76	+0.330%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.73	+0.302%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.63	+0.222%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	+0.148%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.75	+0.318%	$68K	$108K	10x	as long as short
KuCoin HOODUSDTMshort	+0.0100%	8h	121.79	+0.354%	$1.3M	$1.2M	20x
ApeX Omni HOODUSDT	+0.0100%	1h	121.61	+0.206%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.74	+0.313%	$2K	$2K	10x	as long as short
Lighter HOOD	+0.0104%	1h	121.70	+0.283%	$2.8M	$3.1M	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.74	+0.310%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.75	+0.321%	$174K	$159K	20x	as long as short
Phoenix HOOD	+0.0197%	1h	121.71	+0.288%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERPlong	+0.0345%	1h	121.36	long leg	$58K	$57K	30x
edgeX HOODUSDC	+0.0422%	4h	121.63	+0.222%	$366K	$303K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0901%	1h	121.75	+0.321%	$7K	$68K	10x	as long as short