Funding arb · Price arb /

HOOD

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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: Orderly against Injective+0.173%7-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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Orderly is 0.173% dearer against Injective than usual: you sell high and buy low (spread +0.173% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HOOD/USDC PERP	121.40	0.0345	pay 0.0043% / 1h	52m 35s	$58K	$57K	30x
Short	Orderly PERP_HOOD_USDC_mythos	121.61	0.0100	get 0.0100% / 8h	5h 52m	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.173%Rate

Funding earned: −$51.55
Price spread: +0.173% → 0.000%: $17.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$40.27
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Orderly: 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 Injective no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Injective and Orderly: 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 29 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	−0.0191%	1h	121.37	−0.025%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.64	+0.199%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.56	+0.131%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.58	+0.150%	$21.1M	$90.2M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.62	+0.181%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.64	+0.198%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.59	+0.157%	$376K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.68	+0.231%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.68	+0.231%	$5.4M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.69	+0.243%	$2.3M	$1.1M	—	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.61	+0.170%	$850K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.59	+0.157%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.63	+0.189%	$995K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.61	+0.173%	$1.3M	$3.8M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.45	+0.041%	—	$62K	25x	as long as short
edgeX HOODUSDC	+0.0025%	4h	121.64	+0.196%	$366K	$304K	10x	as long as short
Lighter HOOD	+0.0040%	1h	121.64	+0.194%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.59	+0.157%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.59	+0.157%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.58	+0.147%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.55	+0.124%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	+0.115%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.62	+0.184%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.59	+0.157%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.59	+0.157%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythosshort	+0.0100%	8h	121.61	+0.173%	$2K	$2K	10x
Aevo HOOD-PERP	+0.0104%	1h	121.57	+0.143%	$16K	—	10x	as long as short
Phoenix HOOD	+0.0197%	1h	121.59	+0.157%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERPlong	+0.0345%	1h	121.40	long leg	$58K	$57K	30x