Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.021%
Price spread now: Binance against Arcus+0.094%46s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.285% of the position
Funding, last 3 days (all we have)−0.079%−$8 on $10k
+Price spread, last 2 days (all we have)+0.017%+$2 · spread now +0.094%, 7d avg +0.067%
=The price spread pays, funding is against you. Binance is 0.027% dearer against Arcus than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.067%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 3 days (−0.079% in total) that is about 28 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus HOOD-USD | 122.84 | 0.0040 | pay 0.0005% / 1h | 26m 50s | $1.1M | $1.7M | 10x |
| Short | Binance HOODUSDT | 122.96 | 0.0010 | get 0.0010% / 8h | 26m 50s | $22.0M | $88.5M | 20x |
Arcus HOOD-USD
Binance HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Arcus. 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
- −$6.4
- Price spread: +0.094% → +0.067%
- $2.71
- Slippage, 4 orders
- −$13.96
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.16
- Costs to cover
- 0.285%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 2 min ago; Binance: live order book, 1 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 Arcus live order book, 2 min ago | 0.81 bp | 6.4 bp −$6 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.41 bp | 6.9 bp −$7 | 12.2 bp −$122 | 37.3 bp −$3,730 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0047% | 1h | 122.77 | −0.057% | $270K | $332K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.90 | +0.049% | $109K | $263K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.95 | +0.090% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.96 | +0.098% | $2.9M | $5.8M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.90 | +0.049% | $386K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.91 | +0.057% | $567K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.94 | +0.081% | $5.6M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.90 | +0.050% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.87 | +0.028% | $868K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.92 | +0.065% | $1.0M | $8K | 10x | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Phemex HOODUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | +0.0008% | 1h | 122.89 | +0.041% | $63K | $50K | 30x | as long as short |
| Extended HOOD_24_5-USD | +0.0008% | 1h | 122.93 | +0.070% | $411K | $1.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0008% | 1h | 122.84 | 0.000% | $199K | $1.9M | 10x | as long as short |
| Binance HOODUSDTshort | +0.0010% | 8h | 122.96 | +0.094% | $22.0M | $88.5M | 20x | |
| QFEX HOOD-USD | +0.0027% | 1h | 122.91 | +0.057% | $1.3M | $4.2M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.88 | +0.033% | $2.9M | $2.2M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0039% | 8h | 122.97 | +0.106% | $183K | $126K | 20x | as long as short |
| Arcus HOOD-USDlong | +0.0040% | 1h | 122.84 | long leg | $1.1M | $1.7M | 10x | |
| Vest HOOD-USD-PERP | +0.0045% | 1h | 122.84 | 0.000% | — | $63K | 25x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.92 | +0.069% | $738 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.89 | +0.041% | $1.2M | $1.7M | 15x | as long as short |
| tradeXYZ xyz:HOOD | +0.0067% | 1h | 122.94 | +0.081% | $52.7M | $29.7M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.94 | +0.078% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.88 | +0.033% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.84 | 0.000% | $5K | $135K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.89 | +0.041% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.91 | +0.053% | $16K | — | 10x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.93 | +0.073% | $28K | $239K | 10x | as long as short |
| edgeX HOODUSDC | +0.0310% | 4h | 122.90 | +0.047% | $370K | $306K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0401% | 1h | 122.92 | +0.065% | $8K | $70K | 10x | as long as short |
Injective HOOD/USDC PERP
Extended HOOD_24_5-USD
Coinbase International HOOD-PERP-INTX
QFEX HOOD-USD
Lighter HOOD
BloFin HOOD-USDT
Vest HOOD-USD-PERP
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Phoenix HOOD
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL