Funding you earn now, next payment 08:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h −0.014%
Price spread now: Phemex against Bitget+0.025%7-day average −0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.025%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.052% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.081%, 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 | Bitget HOODUSDT | 121.16 | −0.0083 | get 0.0083% / 8h | 1h 57m | $5.5M | $9.9M | 20x |
| Short | Phemex HOODUSDT | 121.19 | 0 | get 0.0000% / 8h | 1h 57m | $991K | $9K | 10x |
Bitget HOODUSDT
Phemex HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $17.43
- Price spread: +0.025% → −0.027%
- $5.18
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$1.39
- Costs to cover
- 0.240%
- Break-even
- 7.6 days
Slippage unknown: Bitget: live order book, 1 min ago; Phemex: live order book, 35 min ago. Net counts fees only.
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, 1 min ago | 2.06 bp | 12.5 bp −$12 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 35 min ago | 2.07 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | −0.0392% | 1h | 120.56 | −0.495% | $57K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0166% | 8h | 121.18 | +0.017% | $602K | $7.7M | 50x | as long as short |
| Bitget HOODUSDTlong | −0.0083% | 8h | 121.16 | long leg | $5.5M | $9.9M | 20x | |
| Aster HOODUSDT | 0.0000% | 8h | 121.06 | −0.083% | $106K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.09 | −0.054% | $357K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.10 | −0.050% | $20.9M | $92.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.10 | −0.050% | $3.7M | $8.9M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.12 | −0.033% | $2.7M | $6.2M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.15 | −0.006% | $2.3M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.21 | +0.041% | $848K | $2.0M | 10x | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Variational Omni HOOD
GRVT HOOD_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDTshort | 0.0000% | 8h | 121.19 | +0.025% | $991K | $9K | 10x | |
| Vest HOOD-USD-PERP | +0.0013% | 1h | 120.93 | −0.190% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.06 | −0.083% | $1.1M | $1.7M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.97 | −0.157% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.12 | −0.032% | $723 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.05 | −0.091% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0062% | 1h | 121.10 | −0.050% | $1.3M | $3.0M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.09 | −0.054% | $67K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.17 | +0.008% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.06 | −0.083% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.13 | −0.025% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.15 | −0.012% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.13 | −0.025% | $174K | $158K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 121.21 | +0.041% | $28K | $238K | 10x | as long as short |
| Lighter HOOD | +0.0136% | 1h | 121.14 | −0.018% | $2.8M | $3.2M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.34 | −0.677% | $192K | $1.8M | 10x | as long as short |
| edgeX HOODUSDC | +0.0252% | 4h | 121.09 | −0.060% | $364K | $305K | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0313% | 1h | 121.12 | −0.033% | $51.4M | $28.1M | 10x | as long as short |
| RISEx HOOD/USDC | +0.0365% | 1h | 121.17 | +0.004% | $374K | $1.5M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0742% | 1h | 121.14 | −0.017% | $6K | $54K | 10x | as long as short |
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Phoenix HOOD
Lighter HOOD
Coinbase International HOOD-PERP-INTX
edgeX HOODUSDC
tradeXYZ xyz:HOOD
RISEx HOOD/USDC
Deribit HOOD_USDC-PERPETUAL