Funding you earn now, next payment 08:00 UTC+0.0414%/8h= +45.3% APRnext payment +$0.52 per $10,000 · paid last 24h −0.026%
Price spread now: Polymarket Perps against Injective+0.050%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Polymarket Perps is 0.050% dearer against Injective than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.007% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective HOOD/USDC PERP | 120.22 | −0.0440 | get 0.0055% / 1h | 2m 24s | $57K | $57K | 30x |
| Short | Polymarket Perps HOOD-USD | 120.28 | −0.0026 | pay 0.0003% / 1h | 2m 24s | $251K | $345K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $86.84
- Price spread: +0.050% → 0.000%
- $4.99
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $83.81
- Costs to cover
- 0.080%
- Break-even
- 0.2 days
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 35 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 Polymarket Perps live order book, 35 min ago | 2.07 bp | 8.4 bp −$8 | 8.9 bp −$89 | 10.3 bp −$1,034 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERPlong | −0.0440% | 1h | 120.22 | long leg | $57K | $57K | 30x | |
| Gate HOOD_USDT | −0.0160% | 8h | 120.47 | +0.208% | $598K | $7.6M | 50x | as long as short |
| Bitget HOODUSDT | −0.0160% | 8h | 120.48 | +0.216% | $5.5M | $9.9M | 20x | as long as short |
| Polymarket Perps HOOD-USDshort | −0.0026% | 1h | 120.28 | +0.050% | $251K | $345K | 10x | |
| Aster HOODUSDT | 0.0000% | 8h | 120.45 | +0.191% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.42 | +0.167% | $357K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.43 | +0.175% | $20.7M | $91.8M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.37 | +0.125% | $3.7M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.39 | +0.141% | $2.7M | $6.2M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.39 | +0.140% | $2.2M | $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 | 120.38 | +0.135% | $847K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.50 | +0.233% | $986K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0015% | 1h | 120.28 | +0.050% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.36 | +0.116% | $1.1M | $1.7M | 10x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 120.46 | +0.200% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.37 | +0.125% | $51.1M | $26.9M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.47 | +0.205% | $720 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.28 | +0.050% | $1.3M | $1.4M | 15x | as long as short |
| Lighter HOOD | +0.0072% | 1h | 120.44 | +0.187% | $2.8M | $3.2M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.41 | +0.158% | $74K | $111K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.48 | +0.216% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.35 | +0.108% | $5K | $40K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.43 | +0.175% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.39 | +0.140% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.52 | +0.250% | $173K | $175K | 20x | as long as short |
| edgeX HOODUSDC | +0.0143% | 4h | 120.38 | +0.135% | $362K | $304K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0192% | 1h | 120.33 | +0.091% | $196K | $1.8M | 10x | as long as short |
| Phoenix HOOD | +0.0265% | 1h | 120.38 | +0.133% | $28K | $238K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0415% | 1h | 120.47 | +0.208% | $6K | $52K | 10x | as long as short |
| RISEx HOOD/USDC | +0.0479% | 1h | 120.51 | +0.241% | $417K | $1.4M | 10x | as long as short |
Injective HOOD/USDC PERP
Polymarket Perps HOOD-USD
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Lighter HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
BloFin HOOD-USDT
edgeX HOODUSDC
Coinbase International HOOD-PERP-INTX
Phoenix HOOD
Deribit HOOD_USDC-PERPETUAL
RISEx HOOD/USDC