Funding you earn now, next payment 04:00 UTC+0.0281%/8h= +30.7% APRpaid last 24h +0.055%
Price spread now: Phoenix against Bitget+0.008%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.008%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix 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 −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HOODUSDT | 121.05 | −0.0149 | get 0.0149% / 8h | 3h 02m | $5.4M | $9.7M | 20x |
| Short | Phoenix HOOD | 121.06 | 0.0132 | get 0.0016% / 1h | 2m 52s | $28K | $238K | 10x |
Bitget HOODUSDT
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $58.96
- Price spread: +0.008% → −0.041%
- $4.92
- Slippage, 4 orders
- −$24.69
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $20.18
- Costs to cover
- 0.437%
- Break-even
- 4.6 days
Slippage from Bitget: live order book, 1 min ago; Phoenix: live order book, 45 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, 1 min ago | 2.48 bp | 11.5 bp −$12 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 45 min ago | 2.47 bp | 10.5 bp −$11 | 22.4 bp −$224 | 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 | −0.0440% | 1h | 120.88 | −0.140% | $58K | $57K | 30x | as long as short |
| Bitget HOODUSDTlong | −0.0149% | 8h | 121.05 | long leg | $5.4M | $9.7M | 20x | |
| Gate HOOD_USDT | −0.0135% | 8h | 121.03 | −0.017% | $581K | $7.7M | 50x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.05 | −0.002% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.95 | −0.080% | $360K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.97 | −0.068% | $20.7M | $91.4M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.99 | −0.050% | $3.8M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.00 | −0.041% | $2.7M | $6.1M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.10 | +0.041% | $383K | $1.4M | 10x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.00 | −0.042% | $2.3M | $1.1M | — | 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
RISEx HOOD/USDC
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 | 121.05 | +0.003% | $849K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.12 | +0.058% | $6K | $54K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.08 | +0.025% | $991K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0014% | 1h | 120.94 | −0.091% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.08 | +0.025% | $1.3M | $3.1M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.00 | −0.041% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.91 | −0.116% | $51.2M | $28.4M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.96 | −0.074% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.06 | +0.012% | $727 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.86 | −0.157% | $1.2M | $1.5M | 15x | as long as short |
| edgeX HOODUSDC | +0.0060% | 4h | 121.03 | −0.017% | $364K | $305K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.09 | +0.036% | $67K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.02 | −0.025% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.88 | −0.140% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.10 | +0.041% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.07 | +0.017% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | +0.041% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.20 | +0.124% | $174K | $161K | 20x | as long as short |
| Lighter HOOD | +0.0128% | 1h | 120.98 | −0.059% | $2.8M | $3.2M | 10x | as long as short |
| Phoenix HOODshort | +0.0132% | 1h | 121.06 | +0.008% | $28K | $238K | 10x |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
edgeX HOODUSDC
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
Lighter HOOD