Funding you earn now, next payment 02:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.013%
Price spread now: Phoenix against BloFin+0.033%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days−0.158%−$16 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.033%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.051% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.158%, 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 | BloFin HOOD-USDT | 121.69 | 0.0120 | pay 0.0120% / 8h | 5h 04m | $175K | $162K | 20x |
| Short | Phoenix HOOD | 121.73 | 0.0197 | get 0.0025% / 1h | 4m 20s | $28K | $239K | 10x |
BloFin HOOD-USDT
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $16.19
- Price spread: +0.033% → −0.019%
- $5.15
- Slippage, 4 orders
- −$28.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$26.63
- Costs to cover
- 0.480%
- Break-even
- 18.5 days
Slippage from BloFin: live order book, 33 min ago; Phoenix: live order book, 53 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 BloFin live order book, 33 min ago | 1.64 bp | 10.0 bp −$10 | 15.4 bp −$154 | 34.0 bp −$3,398 | doesn't fit |
| Sell Phoenix live order book, 53 min ago | 4.11 bp | 13.0 bp −$13 | 28.7 bp −$287 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0106% | 1h | 121.46 | −0.189% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.70 | +0.007% | $106K | $279K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.63 | −0.051% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.66 | −0.026% | $21.1M | $90.6M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.64 | −0.041% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.65 | −0.033% | $2.7M | $6.1M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.67 | −0.012% | $399K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.70 | +0.008% | $579K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.71 | +0.016% | $5.4M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.63 | −0.048% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
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 | +0.094% | $861K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.66 | −0.025% | $995K | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0024% | 1h | 121.67 | −0.016% | $1.3M | $3.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0024% | 1h | 121.53 | −0.131% | — | $62K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.65 | −0.033% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.60 | −0.074% | $52.0M | $28.1M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.63 | −0.053% | $733 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.61 | −0.066% | $1.2M | $1.5M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0056% | 1h | 121.54 | −0.123% | $194K | $1.9M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0079% | 1h | 121.64 | −0.041% | $7K | $68K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.64 | −0.043% | $68K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.72 | +0.025% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.72 | +0.025% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.67 | −0.016% | $2K | $2K | 10x | as long as short |
| Lighter HOOD | +0.0104% | 1h | 121.67 | −0.012% | $2.8M | $3.1M | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.61 | −0.063% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDTlong | +0.0120% | 8h | 121.69 | long leg | $175K | $162K | 20x | |
| edgeX HOODUSDC | +0.0152% | 4h | 121.74 | +0.044% | $366K | $304K | 10x | as long as short |
| Phoenix HOODshort | +0.0197% | 1h | 121.73 | +0.033% | $28K | $239K | 10x | |
| Injective HOOD/USDC PERP | +0.0345% | 1h | 121.36 | −0.271% | $58K | $57K | 30x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Lighter HOOD
Aevo HOOD-PERP
edgeX HOODUSDC
Injective HOOD/USDC PERP