Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%
Price spread now: Lighter against Binance+0.007%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.175% of the position
Funding, last 7 days+0.215%+$21 on $10k
+Price spread, last 2 days (all we have)−0.025%−$3 · spread now +0.007%, 7d avg −0.018%
=Together, before fees+0.190%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.025% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HOODUSDT | 121.53 | 0 | get 0.0000% / 8h | 6h 42m | $21.2M | $90.8M | 20x |
| Short | Lighter HOOD | 121.54 | 0.0032 | get 0.0004% / 1h | 42m 02s | $2.9M | $3.0M | 10x |
Binance HOODUSDT
Lighter HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $6.72
- Price spread: +0.007% → −0.018%
- $2.45
- Slippage, 4 orders
- −$7.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$8.33
- Costs to cover
- 0.175%
- Break-even
- 15.7 days
Slippage from Binance: live order book, 1 min ago; Lighter: live order book, 10 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, 1 min ago | 0.41 bp | 6.2 bp −$6 | 15.6 bp −$156 | 59.6 bp −$5,959 | doesn't fit |
| Sell Lighter live order book, 10 min ago | 1.43 bp | 1.5 bp −$1 | 3.9 bp −$39 | 356.3 bp −$35.6K | 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 | −0.0112% | 1h | 121.36 | −0.140% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.53 | +0.001% | $106K | $273K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.48 | −0.043% | $359K | $1.4M | 10x | as long as short |
| Binance HOODUSDTlong | 0.0000% | 8h | 121.53 | long leg | $21.2M | $90.8M | 20x | |
| Bybit HOODUSDT | 0.0000% | 8h | 121.50 | −0.025% | $3.9M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.46 | −0.057% | $2.8M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.53 | +0.001% | $373K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.55 | +0.017% | $565K | $7.6M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.55 | +0.017% | $5.4M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.75 | +0.178% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
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 | 121.80 | +0.226% | $852K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.49 | −0.033% | $7K | $68K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.50 | −0.025% | $994K | $8K | 10x | as long as short |
| Lighter HOODshort | +0.0032% | 1h | 121.54 | +0.007% | $2.9M | $3.0M | 10x | |
| QFEX HOOD-USD | +0.0034% | 1h | 121.54 | +0.008% | $1.3M | $4.0M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0035% | 1h | 121.44 | −0.074% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.80 | +0.222% | $1.1M | $1.8M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.53 | 0.000% | $732 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.50 | −0.025% | $1.2M | $1.6M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0064% | 1h | 121.72 | +0.156% | $197K | $1.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0087% | 1h | 121.50 | −0.025% | $52.4M | $28.1M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.64 | +0.087% | $68K | $111K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.57 | +0.033% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.81 | +0.231% | $5K | $92K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.52 | −0.008% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.48 | −0.043% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.00 | +0.387% | $182K | $162K | 20x | as long as short |
| Injective HOOD/USDC PERP | +0.0186% | 1h | 121.38 | −0.123% | $58K | $57K | 30x | as long as short |
| Phoenix HOOD | +0.0261% | 1h | 121.81 | +0.231% | $28K | $237K | 10x | as long as short |
| edgeX HOODUSDC | +0.0752% | 4h | 121.87 | +0.276% | $367K | $306K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Injective HOOD/USDC PERP
Phoenix HOOD
edgeX HOODUSDC