HOOD perps: where to trade Robinhood perpetual futures
13 tracked venues list HOOD perps.
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The cheapest place to trade HOOD perps right now is Lighter (HOOD): 1.14 bps all-in for a $10,000 market buy at the standard taker fee, measured 11:48 UTC on 2026-10-03.
The next two venues are trade.xyz 2.45 bps and Binance 6.44 bps. 9 of 13 HOOD markets gave a measured cost.
HOOD perps list on 13 tracked venues: 6 centralized exchanges, 1 Hyperliquid HIP-3 deployment, 6 other decentralized venues. Avantis (HOOD/USD), Gains Network (HOOD/USD) and Ostium (HOOD/USD) fill at an oracle price, with no public HOOD book to measure.
Maximum HOOD leverage runs from 2x on Gains Network (HOOD/USD) to 100x on MEXC (ROBINHOOD_USDT).
Measured HOOD cost for a $10,000 buy
- Lighter1.14
- trade.xyz2.45
- Binance6.44
- Bybit9.00
- OKX9.70
- Extended9.96
- Bitget11.59
- Aster12.39
- Gate18.31
HOOD funding and open interest
Funding now runs from -1.8% a year on trade.xyz to 15.5% on Gate, across 10 HOOD markets. A positive rate means that longs pay shorts.
10 HOOD markets report open interest, $76.5 million in total. trade.xyz holds 51% of it ($38.7 million).
Where to trade Robinhood perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Lighter | HOOD | 10x | +0.0004% / 1 h | +3.5% | — | $2.4M | 1.14 | 0.000% (API) | 1.14 | — |
| trade.xyz | xyz:HOOD | 10x | −0.0002% / 1 h | −1.8% | +12.0% | $38.7M | 1.55 | 0.0090% (API, live) | 2.45 | — |
| Binance | HOODUSDT | 20x | 0.0000% / 8 h | 0.0% | +5.1% | $18.4M | 2.44 | 0.040% (docs, promotion for all accounts) | 6.44 | — |
| Bybit | HOODUSDT | 25x | 0.0000% / 8 h | 0.0% | +9.9% | $4.1M | 6.25 | 0.028% (docs, promotion for all accounts) | 9.00 | — |
| OKX | HOOD-USDT-SWAP | 20x | 0.0000% / 8 h | 0.0% | +4.5% | $2.4M | 4.70 | 0.050% (docs) | 9.70 | — |
| Extended | HOOD_24_5-USD | 10x | 0.0000% / 1 h | 0.0% | — | $268K | 8.96 | 0.010% (docs) | 9.96 | — |
| Bitget | HOODUSDT | 20x | 0.0000% / 8 h | 0.0% | +16.1% | $5.0M | 5.59 | 0.060% (API) | 11.59 | — |
| Aster | HOODUSDT | 20x | 0.0000% / 8 h | 0.0% | 0.0% | $121K | 11.14 | 0.013% (docs) | 12.39 | — |
| Gate | HOOD_USDT | 50x | +0.0142% / 8 h | +15.5% | +10.2% | $1.4M | 10.81 | 0.075% (API) | 18.31 | — |
| MEXC | ROBINHOOD_USDT | 100x | 0.0000% / 8 h | 0.0% | +5.1% | $3.7M | 1.15 | Not stated for all accounts | — | 0.000% = 1.15 bps (eligible accounts, source, 2026-09-25) |
| Avantis | HOOD/USD | 5x | — | — | — | — | No HOOD book | Oracle model | — | — |
| Gains Network | HOOD/USD | 2x | — | — | — | — | No HOOD book | Oracle model | — | — |
| Ostium | HOOD/USD | — | — | — | — | — | No HOOD book | Oracle model | — | — |
Method: a $10,000 HOOD market buy fills against each public HOOD book.
The HOOD book cost is that fill price against the mid, in bps. The HOOD all-in cost adds the standard taker fee that every new account gets.
A HOOD promo rate that only eligible accounts get is shown in its own column and is never ranked.
A HOOD book price does not prove that the venue accepts HOOD orders at that time, so check the HOOD hours table.
Annual HOOD funding is the rate per hour times 8,760, with no compounding. The HOOD markets come from venue APIs read on 2026-09-25.
HOOD trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | HOODUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Avantis | HOOD/USD | 23/5 or 9:30–16:00 ET | Pyth Pro, Chainlink |
| Binance | HOODUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | HOODUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | HOODUSDT | 24/7 | Index with Pyth |
| Extended | HOOD_24_5-USD | Per market in API | Stork, Blue Ocean ATS |
| Gains Network | HOOD/USD | Mon–Fri 9:35–16:00 ET | Chainlink |
| Gate | HOOD_USDT | Index holds last close | Paid feeds, crypto venues |
| Lighter | HOOD | 24/7 | Pyth Pro (NVDA, TSLA) |
| MEXC | ROBINHOOD_USDT | Varies, no trades closed | Not named in docs |
| OKX | HOOD-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| Ostium | HOOD/USD | Mon–Fri 9:30–16:00 ET | Own feed, Stork nodes |
| trade.xyz | xyz:HOOD | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for HOOD. Compare all tickers on the stock perps hub. Read how trade.xyz lists HOOD on Hyperliquid.
Where to Trade Robinhood (HOOD) Perpetual Futures
Fees and leverage limits apply venue-wide; check HOOD terms with the venue.
Robinhood (HOOD) market overview
Robinhood is a commission-free trading platform that democratized retail investing and has increasingly expanded into crypto trading. HOOD stock perps offer exposure to retail trading activity cycles, options market growth, and the platform's crypto revenue, which has become a significant driver of earnings surprises during crypto bull markets.
Frequently Asked Questions — Robinhood (HOOD)
What open interest data is available for HOOD?
2 venues report positive HOOD open interest in this read.
The HOOD total leaves out venues outside the read.
How does a Robinhood perpetual futures contract differ from the underlying asset?
A Robinhood perpetual tracks the Robinhood price, with no expiry date and no ownership of Robinhood.
Check each venue for Robinhood trading hours and the price source.
Category: Stock