Funding you earn now, next payment 01:00 UTC+0.0161%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h +0.036%
Price spread now: Phoenix against ApeX Omni+0.140%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1091.085% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.140%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.124% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni HOODUSDT | 121.59 | 0.0100 | pay 0.0013% / 1h | 53m 56s | $5K | $41K | 50x |
| Short | Phoenix HOOD | 121.76 | 0.0261 | get 0.0033% / 1h | 53m 56s | $28K | $239K | 10x |
ApeX Omni HOODUSDT
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- $33.9
- Price spread: +0.140% → +0.016%
- $12.42
- Slippage, 4 orders
- −$91.51
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$62.19
- Costs to cover
- 1.085%
- Break-even
- 19.8 days
Slippage from ApeX Omni: live order book, 72 min ago; Phoenix: live order book, 3 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 ApeX Omni live order book, 72 min ago | 3.26 bp | 35.2 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 4.11 bp | 13.0 bp −$13 | 28.7 bp −$287 | doesn't fit | doesn't fit |
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 | −0.0189% | 1h | 121.34 | −0.206% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.62 | +0.023% | $106K | $279K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.56 | −0.024% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.60 | +0.008% | $21.1M | $90.1M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.62 | +0.025% | $3.9M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.55 | −0.033% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.56 | −0.022% | $376K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.68 | +0.074% | $579K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.63 | +0.033% | $5.4M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.69 | +0.086% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOODShow 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 | +0.014% | $850K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.54 | −0.041% | $7K | $68K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.59 | 0.000% | $995K | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0024% | 1h | 121.52 | −0.058% | $1.3M | $3.8M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0025% | 1h | 121.44 | −0.123% | — | $62K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.62 | +0.025% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.56 | −0.025% | $52.3M | $27.8M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.58 | −0.004% | $732 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.54 | −0.041% | $1.2M | $1.5M | 15x | as long as short |
| Lighter HOOD | +0.0056% | 1h | 121.60 | +0.009% | $2.8M | $3.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0056% | 1h | 121.54 | −0.041% | $194K | $1.9M | 10x | as long as short |
| edgeX HOODUSDC | +0.0075% | 4h | 121.60 | +0.009% | $366K | $304K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.60 | +0.005% | $68K | $109K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.62 | +0.025% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDTlong | +0.0100% | 1h | 121.59 | long leg | $5K | $41K | 50x | |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.61 | +0.016% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.54 | −0.039% | $16K | — | 10x | as long as short |
| Phoenix HOODshort | +0.0261% | 1h | 121.76 | +0.140% | $28K | $239K | 10x | |
| Injective HOOD/USDC PERP | +0.0345% | 1h | 121.40 | −0.156% | $58K | $57K | 30x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
Coinbase International HOOD-PERP-INTX
edgeX HOODUSDC
Pacifica HOOD
KuCoin HOODUSDTM
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Injective HOOD/USDC PERP