Funding arb · Price arb /

HOOD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Aster against Pacifica+0.084%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1251.253% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.234%−$23 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.084%, 7d avg +0.024%

Together, before fees−0.289%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.060% dearer against Pacifica than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.024%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HOOD	121.45	0.0100	pay 0.0013% / 1h	14m 45s	$68K	$105K	10x
Short	Aster HOODUSDT	121.56	0	get 0.0000% / 8h	4h 14m	$106K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$21
Price spread: +0.084% → +0.024%: $5.97
Slippage, 4 orders: −$109.3
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$140.33
Costs to cover: 1.253%
Break-even: never at this rate

Slippage from Pacifica: live order book, 43 min ago; Aster: live order book, 42 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 Pacifica live order book, 43 min ago	2.34 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 42 min ago	4.93 bp	52.0 bp −$52	doesn't fit	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
Injective HOOD/USDC PERP	−0.0440%	1h	121.28	−0.144%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0110%	1h	121.30	−0.128%	$252K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0059%	8h	121.55	+0.078%	$577K	$7.8M	50x	as long as short
Aster HOODUSDTshort	0.0000%	8h	121.56	+0.084%	$106K	$280K	20x
Extended HOOD_24_5-USD	0.0000%	1h	121.49	+0.032%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.52	+0.054%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.52	+0.054%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.52	+0.054%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.54	+0.070%	$398K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.55	+0.078%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.51	+0.048%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.51	+0.045%	$857K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.50	+0.037%	$6K	$56K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.50	+0.037%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0018%	1h	121.31	−0.119%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.47	+0.012%	$1.3M	$3.6M	10x	as long as short
Lighter HOOD	+0.0032%	1h	121.51	+0.044%	$2.8M	$3.1M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.43	−0.021%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.45	−0.004%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.47	+0.016%	$733	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.44	−0.012%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.292%	$193K	$1.9M	10x	as long as short
Pacifica HOODlong	+0.0100%	1h	121.45	long leg	$68K	$105K	10x
KuCoin HOODUSDTM	+0.0100%	8h	121.58	+0.103%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.46	+0.004%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.53	+0.062%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.48	+0.017%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.54	+0.070%	$175K	$162K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.41	−0.037%	$28K	$238K	10x	as long as short
edgeX HOODUSDC	+0.0778%	4h	121.51	+0.046%	$366K	$306K	10x	as long as short