Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.054%
Price spread now: BloFin against Bitget+0.024%55s7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as 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−$410.410% of the position
Funding, last 7 days+0.354%+$35 on $10k
+Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.024%, 7d avg −0.024%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.049% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.024%. The two prices were read 55 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 | Bitget HOODUSDT | 122.94 | 0 | get 0.0000% / 8h | 26m 17s | $5.6M | $9.6M | 20x |
| Short | BloFin HOOD-USDT | 122.97 | 0.0039 | get 0.0039% / 8h | 26m 17s | $183K | $126K | 20x |
Bitget HOODUSDT
BloFin HOOD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $8.22
- Price spread: +0.024% → −0.024%
- $4.88
- Slippage, 4 orders
- −$17.03
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.93
- Costs to cover
- 0.410%
- Break-even
- 30.8 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 43 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 Bitget live order book, 2 min ago | 0.81 bp | 12.6 bp −$13 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 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 | −0.0041% | 1h | 122.78 | −0.130% | $270K | $332K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.90 | −0.033% | $109K | $263K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.95 | +0.008% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.96 | +0.016% | $2.9M | $5.8M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.91 | −0.028% | $385K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.91 | −0.024% | $567K | $7.8M | 50x | as long as short |
| Bitget HOODUSDTlong | 0.0000% | 8h | 122.94 | long leg | $5.6M | $9.6M | 20x | |
| Variational Omni HOOD | 0.0000% | 8h | 122.93 | −0.007% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.87 | −0.053% | $868K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.91 | −0.024% | $1.0M | $8K | 10x | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Phemex HOODUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | +0.0008% | 1h | 122.89 | −0.041% | $63K | $50K | 30x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0008% | 1h | 122.84 | −0.081% | $199K | $1.9M | 10x | as long as short |
| Binance HOODUSDT | +0.0012% | 8h | 122.93 | −0.008% | $22.0M | $88.5M | 20x | as long as short |
| Extended HOOD_24_5-USD | +0.0016% | 1h | 122.91 | −0.026% | $411K | $1.1M | 10x | as long as short |
| QFEX HOOD-USD | +0.0027% | 1h | 122.91 | −0.024% | $1.3M | $4.2M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.92 | −0.020% | $2.9M | $2.2M | 10x | as long as short |
| BloFin HOOD-USDTshort | +0.0039% | 8h | 122.97 | +0.024% | $183K | $126K | 20x | |
| Arcus HOOD-USD | +0.0040% | 1h | 122.87 | −0.057% | $1.1M | $1.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0044% | 1h | 122.84 | −0.081% | — | $63K | 25x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.92 | −0.020% | $738 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.89 | −0.041% | $1.2M | $1.7M | 15x | as long as short |
| tradeXYZ xyz:HOOD | +0.0069% | 1h | 122.93 | −0.008% | $52.7M | $29.7M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.95 | +0.006% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.89 | −0.041% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.84 | −0.081% | $5K | $135K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.92 | −0.016% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.91 | −0.020% | $16K | — | 10x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.93 | −0.008% | $28K | $239K | 10x | as long as short |
| edgeX HOODUSDC | +0.0310% | 4h | 122.90 | −0.034% | $370K | $306K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0320% | 1h | 122.93 | −0.008% | $8K | $70K | 10x | as long as short |
Injective HOOD/USDC PERP
Coinbase International HOOD-PERP-INTX
Binance HOODUSDT
Extended HOOD_24_5-USD
QFEX HOOD-USD
Lighter HOOD
Arcus HOOD-USD
Vest HOOD-USD-PERP
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Phoenix HOOD
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL