HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.024%

Price spread now: Phoenix against Arcus+0.461%7-day average +0.059% · 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+$1as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.516%−$52 · spread now +0.461%, 7d avg +0.059%

Together, before fees−0.580%−$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.402% dearer against Arcus than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.059%. Mind the row above: over the last 4 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HOOD-USD	121.48	0.0040	pay 0.0005% / 1h	54m 43s	$1.1M	$1.8M	10x
Short	Phoenix HOOD	122.04	0.0133	get 0.0017% / 1h	54m 43s	$28K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Arcus. 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 ArcusbpFee PhoenixbpOrdersPrice spread, now +0.461%Rate

Funding earned: $19.44
Price spread: +0.461% → +0.059%: $40.16
Slippage, 4 orders: −$28.1
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $20.01
Costs to cover: 0.396%
Break-even: from the start

Slippage from Arcus: live order book, 4 min ago; Phoenix: live order book, 33 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, 4 min ago	1.23 bp	5.8 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell Phoenix live order book, 33 min ago	4.18 bp	13.1 bp −$13	28.7 bp −$287	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
Aster HOODUSDT	0.0000%	8h	121.55	+0.057%	$110K	$285K	20x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.25	−0.189%	$2.7M	$6.1M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.40	−0.066%	$570K	$6.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.26	−0.181%	$5.5M	$9.3M	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.36	−0.099%	$6K	$50K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.51	+0.025%	$994K	$8K	10x	as long as short
Variational Omni HOOD	+0.0016%	8h	121.90	+0.347%	$2.3M	$938K	—	as long as short
edgeX HOODUSDC	+0.0016%	4h	121.82	+0.278%	$367K	$302K	10x	as long as short
Vest HOOD-USD-PERP	+0.0019%	1h	121.51	+0.025%	—	$64K	25x	as long as short
Bybit HOODUSDT	+0.0021%	8h	121.28	−0.165%	$3.7M	$7.8M	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HOOD-USDlong	+0.0040%	1h	121.48	long leg	$1.1M	$1.8M	10x
Lighter HOOD	+0.0048%	1h	121.23	−0.204%	$2.9M	$3.0M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.24	−0.198%	$51.1M	$25.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	121.40	−0.066%	$253K	$336K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.49	+0.008%	$731	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.95	+0.387%	$1.3M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	121.54	+0.049%	$1.3M	$2.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.53	+0.045%	$74K	$108K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.47	−0.008%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.74	+0.214%	$5K	$30K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.56	+0.066%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.49	+0.009%	$16K	—	10x	as long as short
Phoenix HOODshort	+0.0133%	1h	122.04	+0.461%	$28K	$239K	10x
Binance HOODUSDT	+0.0164%	8h	121.29	−0.156%	$21.1M	$89.2M	20x	as long as short
Extended HOOD_24_5-USD	+0.0168%	1h	121.31	−0.143%	$361K	$2.3M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0176%	1h	121.91	+0.354%	$232K	$1.8M	10x	as long as short
BloFin HOOD-USDT	+0.0284%	8h	121.55	+0.058%	$173K	$178K	20x	as long as short
Injective HOOD/USDC PERP	+0.0440%	1h	121.59	+0.091%	$30K	$94K	30x	as long as short
GRVT HOOD_USDT_Perp	+0.1049%	8h	121.91	+0.354%	$860K	$1.8M	10x	as long as short
RISEx HOOD/USDC	+0.1124%	1h	121.55	+0.058%	$417K	$1.3M	10x	as long as short