Funding you earn now, next payment 11:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.042%
Price spread now: Phoenix against Binance+0.082%85s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as 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−$450.446% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.082%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.079% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 85 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 | 122.26 | 0.0199 | pay 0.0199% / 8h | 4h 48m | $21.2M | $87.1M | 20x |
| Short | Phoenix HOOD | 122.36 | 0.0261 | get 0.0033% / 1h | 48m 00s | $28K | $241K | 10x |
Binance HOODUSDT
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $13.17
- Price spread: +0.082% → +0.003%
- $7.86
- Slippage, 4 orders
- −$27.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$23.53
- Costs to cover
- 0.446%
- Break-even
- 19.5 days
Slippage from Binance: live order book, 3 min ago; Phoenix: live order book, 55 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, 3 min ago | 1.23 bp | 9.6 bp −$10 | 17.3 bp −$173 | 47.6 bp −$4,756 | doesn't fit |
| Sell Phoenix live order book, 55 min ago | 4.09 bp | 13.2 bp −$13 | 28.8 bp −$288 | doesn't fit | doesn't fit |
HOOD on 30 exchanges
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 | 122.24 | −0.014% | $110K | $285K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.16 | −0.082% | $3.7M | $7.2M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.19 | −0.057% | $2.7M | $5.7M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.21 | −0.041% | $566K | $6.6M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.19 | −0.057% | $5.6M | $9.0M | 20x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.24 | −0.016% | $1.0M | $8K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0033% | 1h | 121.69 | −0.466% | $28K | $96K | 30x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 122.18 | −0.065% | $1.3M | $2.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.06 | −0.164% | — | $64K | 25x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.01 | −0.204% | $252K | $339K | 10x | as long as short |
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Phemex HOODUSDT
Injective HOOD/USDC PERP
QFEX HOOD-USD
Vest HOOD-USD-PERP
Polymarket Perps HOOD-USDShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX HOOD-USD | +0.0050% | 1h | 122.14 | −0.101% | $723 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.27 | +0.008% | $1.3M | $1.2M | 15x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0078% | 1h | 122.16 | −0.082% | $6K | $29K | 10x | as long as short |
| Lighter HOOD | +0.0088% | 1h | 122.20 | −0.049% | $2.8M | $2.9M | 10x | as long as short |
| Variational Omni HOOD | +0.0090% | 8h | 122.43 | +0.141% | $2.3M | $867K | — | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.16 | −0.086% | $73K | $116K | 10x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.33 | +0.057% | $5K | $29K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.21 | −0.041% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.98 | −0.226% | $16K | — | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0116% | 8h | 122.31 | +0.041% | $1.7M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:HOOD | +0.0116% | 1h | 122.17 | −0.074% | $51.6M | $24.5M | 10x | as long as short |
| Arcus HOOD-USD | +0.0160% | 1h | 122.14 | −0.098% | $1.1M | $1.9M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 122.40 | +0.115% | $232K | $1.5M | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0196% | 8h | 122.38 | +0.102% | $863K | $1.7M | 10x | as long as short |
| Binance HOODUSDTlong | +0.0199% | 8h | 122.26 | long leg | $21.2M | $87.1M | 20x | |
| Extended HOOD_24_5-USD | +0.0200% | 1h | 122.24 | −0.018% | $467K | $2.6M | 10x | as long as short |
| Phoenix HOODshort | +0.0261% | 1h | 122.36 | +0.082% | $28K | $241K | 10x | |
| BloFin HOOD-USDT | +0.0328% | 8h | 122.09 | −0.139% | $176K | $178K | 20x | as long as short |
| RISEx HOOD/USDC | +0.0809% | 1h | 122.28 | +0.016% | $454K | $1.4M | 10x | as long as short |
| edgeX HOODUSDC | +0.0951% | 4h | 122.37 | +0.090% | $368K | $303K | 10x | as long as short |
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Deribit HOOD_USDC-PERPETUAL
Lighter HOOD
Variational Omni HOOD
Pacifica HOOD
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
KuCoin HOODUSDTM
tradeXYZ xyz:HOOD
Arcus HOOD-USD
Coinbase International HOOD-PERP-INTX
GRVT HOOD_USDT_Perp
Extended HOOD_24_5-USD
BloFin HOOD-USDT
RISEx HOOD/USDC
edgeX HOODUSDC