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Funding arb · Price arb /

HOOD

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.059%
Price spread now: Coinbase International against Bybit−0.431%54s7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as 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−$450.453% of the position
Long on BybitShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 3 days (all we have)+0.398%+$40 · spread now −0.431%, 7d avg −0.150%
Together, before fees+0.488%+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.281% cheaper against Bybit than usual: you would sell low and buy high (spread −0.431% now, against its 7-day average of −0.150%). If the spread goes back, that is −$28 on $10k: about 9.8 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.090% in total) that is about 22 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HOODUSDT122.870get 0.0000% / 8h7h 31m$3.9M$8.7M25x
ShortCoinbase International HOOD-PERP-INTX122.340.0096get 0.0012% / 1h31m 22s$202K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$20.16
Price spread: −0.431% → −0.150%
−$28.1
Slippage, 4 orders
−$24.29
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$53.23
Costs to cover
0.453%
Break-even
25.5 days
Slippage from Bybit: live order book, 2 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago1.63 bp12.8 bp −$1345.5 bp −$455doesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago5.29 bp10.3 bp −$1015.8 bp −$158doesn't fitdoesn't fit

HOOD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HOODUSDT0.0000%8h122.89+0.016%$108K$268K20xas long as short
Extended HOOD_24_5-USD0.0000%1h122.95+0.069%$364K$1.5M10xas long as short
Binance HOODUSDT0.0000%8h122.86−0.008%$21.9M$89.3M20xas long as short
Bybit HOODUSDTlong0.0000%8h122.87long leg$3.9M$8.7M25x
OKX HOOD-USDT-SWAP0.0000%8h122.89+0.016%$2.9M$5.9M20xas long as short
RISEx HOOD/USDC0.0000%1h122.94+0.053%$379K$1.4M10xas long as short
Gate HOOD_USDT0.0000%8h122.95+0.065%$576K$7.8M50xas long as short
Bitget HOODUSDT0.0000%8h123.01+0.114%$5.6M$9.5M20xas long as short
Variational Omni HOOD0.0000%8h122.87−0.003%$2.4M$1.1M—as long as short
GRVT HOOD_USDT_Perp0.0000%8h122.83−0.033%$862K$2.0M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HOODUSDT0.0000%8h123.03+0.130%$1.0M$8K10xas long as short
QFEX HOOD-USD+0.0014%1h122.92+0.041%$1.3M$4.1M10xas long as short
Vest HOOD-USD-PERP+0.0040%1h122.79−0.065%—$63K25xas long as short
Arcus HOOD-USD+0.0040%1h122.870.000%$1.1M$1.8M10xas long as short
Polymarket Perps HOOD-USD+0.0050%1h122.79−0.065%$265K$335K10xas long as short
SoDEX HOOD-USD+0.0050%1h122.96+0.072%$740$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h122.85−0.016%$1.2M$1.6M15xas long as short
Lighter HOOD+0.0080%1h122.97+0.085%$2.9M$2.1M10xas long as short
Coinbase International HOOD-PERP-INTXshort+0.0096%1h122.34−0.431%$202K$1.9M10x
Pacifica HOOD+0.0100%1h122.93+0.049%$71K$110K10xas long as short
KuCoin HOODUSDTM+0.0100%8h122.90+0.024%$1.3M$1.1M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h122.84−0.024%$5K$107K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h122.85−0.016%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h122.94+0.056%$16K—10xas long as short
BloFin HOOD-USDT+0.0120%8h122.88+0.008%$181K$125K20xas long as short
tradeXYZ xyz:HOOD+0.0165%1h122.92+0.041%$52.8M$27.7M10xas long as short
Phoenix HOOD+0.0196%1h122.91+0.033%$28K$239K10xas long as short
Injective HOOD/USDC PERP+0.0213%1h122.88+0.008%$63K$49K30xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0238%1h122.97+0.081%$8K$69K10xas long as short
edgeX HOODUSDC+0.0725%4h122.84−0.026%$370K$308K10xas long as short