Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.028%
Price spread now: BloFin against Binance+0.053%71s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.319% of the position
Funding, last 7 days+0.272%+$27 on $10k
+Price spread, last 2 days (all we have)+0.015%+$2 · spread now +0.053%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.034% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 71 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 | Binance HOODUSDT | 122.87 | 0.0011 | pay 0.0011% / 8h | 20m 07s | $22.0M | $88.6M | 20x |
| Short | BloFin HOOD-USDT | 122.94 | 0.0050 | get 0.0050% / 8h | 20m 07s | $183K | $126K | 20x |
Binance HOODUSDT
BloFin HOOD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $8.24
- Price spread: +0.053% → +0.019%
- $3.44
- Slippage, 4 orders
- −$9.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$20.22
- Costs to cover
- 0.319%
- Break-even
- 24.2 days
Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 49 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 Binance live order book, 8 min ago | 0.41 bp | 7.5 bp −$7 | 13.9 bp −$139 | 58.1 bp −$5,813 | doesn't fit |
| Sell BloFin live order book, 49 min ago | 1.23 bp | 8.8 bp −$9 | 20.3 bp −$203 | 59.6 bp −$5,961 | 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 | −0.0036% | 1h | 122.73 | −0.118% | $270K | $332K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.90 | +0.020% | $109K | $263K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.89 | +0.013% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.89 | +0.013% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.87 | −0.007% | $384K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.88 | +0.005% | $567K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.88 | +0.005% | $5.5M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.84 | −0.029% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.90 | +0.020% | $868K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 122.88 | +0.005% | $8K | $70K | 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
Deribit HOOD_USDC-PERPETUALShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 122.87 | −0.004% | $1.0M | $8K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0008% | 1h | 122.89 | +0.013% | $63K | $50K | 30x | as long as short |
| Extended HOOD_24_5-USD | +0.0008% | 1h | 122.86 | −0.013% | $411K | $1.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0008% | 1h | 122.84 | −0.028% | $199K | $1.9M | 10x | as long as short |
| Binance HOODUSDTlong | +0.0011% | 8h | 122.87 | long leg | $22.0M | $88.6M | 20x | |
| QFEX HOOD-USD | +0.0027% | 1h | 122.86 | −0.012% | $1.3M | $4.3M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.86 | −0.008% | $2.9M | $2.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.80 | −0.061% | $1.1M | $1.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0043% | 1h | 122.79 | −0.069% | — | $63K | 25x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.88 | +0.005% | $738 | $4K | 10x | as long as short |
| BloFin HOOD-USDTshort | +0.0050% | 8h | 122.94 | +0.053% | $183K | $126K | 20x | |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.84 | −0.028% | $1.2M | $1.7M | 15x | as long as short |
| tradeXYZ xyz:HOOD | +0.0061% | 1h | 122.87 | −0.004% | $52.7M | $29.7M | 10x | as long as short |
| edgeX HOODUSDC | +0.0083% | 4h | 122.89 | +0.014% | $370K | $308K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.88 | +0.002% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.87 | −0.004% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.84 | −0.028% | $5K | $132K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.88 | +0.005% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.87 | −0.005% | $16K | — | 10x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.95 | +0.062% | $28K | $239K | 10x | as long as short |
Phemex HOODUSDT
Injective HOOD/USDC PERP
Extended HOOD_24_5-USD
Coinbase International HOOD-PERP-INTX
QFEX HOOD-USD
Lighter HOOD
Arcus HOOD-USD
Vest HOOD-USD-PERP
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
tradeXYZ xyz:HOOD
edgeX HOODUSDC
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Phoenix HOOD