Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.043%
Price spread now: Bybit against Arcus+0.083%56s7-day average +0.060% · 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−$430.435% of the position
Funding, last 4 days (all we have)−0.072%−$7 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now +0.083%, 7d avg +0.060%
=The price spread pays, funding is against you. Bybit is 0.022% dearer against Arcus than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.060%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 hours. The two prices were read 56 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 | 120.88 | 0.0040 | pay 0.0005% / 1h | 52m 49s | $1.1M | $1.7M | 10x |
| Short | Bybit HOODUSDT | 120.98 | 0 | get 0.0000% / 8h | 2h 52m | $3.7M | $8.9M | 25x |
Arcus HOOD-USD
Bybit HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$8.46
- Price spread: +0.083% → +0.060%
- $2.23
- Slippage, 4 orders
- −$27.99
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$49.71
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 1 min ago; Bybit: live order book, 5 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, 1 min ago | 0.41 bp | 9.7 bp −$10 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.83 bp | 13.1 bp −$13 | 26.9 bp −$269 | 899.0 bp −$89.9K | 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 | 120.64 | −0.199% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0180% | 8h | 121.02 | +0.116% | $5.4M | $9.7M | 20x | as long as short |
| Gate HOOD_USDT | −0.0144% | 8h | 120.97 | +0.074% | $582K | $7.6M | 50x | as long as short |
| Polymarket Perps HOOD-USD | −0.0119% | 1h | 120.74 | −0.116% | $251K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.95 | +0.060% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.94 | +0.048% | $358K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.99 | +0.088% | $20.7M | $91.5M | 20x | as long as short |
| Bybit HOODUSDTshort | 0.0000% | 8h | 120.98 | +0.083% | $3.7M | $8.9M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.93 | +0.041% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.97 | +0.078% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.99 | +0.091% | $851K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 120.87 | −0.008% | $6K | $55K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.99 | +0.091% | $990K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0013% | 1h | 120.69 | −0.157% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0040% | 1h | 120.91 | +0.025% | $2.8M | $3.2M | 10x | as long as short |
| Arcus HOOD-USDlong | +0.0040% | 1h | 120.88 | long leg | $1.1M | $1.7M | 10x | |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.89 | +0.008% | $51.2M | $28.3M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.88 | +0.002% | $724 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.96 | +0.066% | $1.2M | $1.5M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 120.85 | −0.025% | $1.3M | $3.1M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.95 | +0.054% | $67K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.93 | +0.041% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.95 | +0.058% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.89 | +0.008% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.86 | −0.019% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 120.89 | +0.008% | $389K | $1.4M | 10x | as long as short |
| edgeX HOODUSDC | +0.0114% | 4h | 120.92 | +0.030% | $364K | $304K | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.88 | 0.000% | $175K | $162K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.90 | +0.017% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.77 | −0.091% | $193K | $1.8M | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
edgeX HOODUSDC
BloFin HOOD-USDT
Phoenix HOOD
Coinbase International HOOD-PERP-INTX