Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.27 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.024%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.024%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.046% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HOODUSDT | 122.79 | 0.0027 | pay 0.0027% / 8h | 7h 04m | $3.9M | $8.7M | 25x |
| Short | OKX HOOD-USDT-SWAP | 122.76 | 0 | get 0.0000% / 8h | 7h 04m | $2.9M | $5.9M | 20x |
Bybit HOODUSDT
OKX HOOD-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- −$5.65
- Price spread: −0.024% → +0.022%
- −$4.63
- Slippage, 4 orders
- −$23.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$54.87
- Costs to cover
- 0.446%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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 Bybit live order book, 3 min ago | 1.22 bp | 10.5 bp −$10 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.81 bp | 14.2 bp −$14 | 29.8 bp −$298 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HOODUSDT | 0.0000% | 8h | 122.74 | −0.038% | $107K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.73 | −0.048% | $364K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 122.77 | −0.017% | $21.8M | $89.4M | 20x | as long as short |
| OKX HOOD-USDT-SWAPshort | 0.0000% | 8h | 122.76 | −0.024% | $2.9M | $5.9M | 20x | |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.73 | −0.047% | $377K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.74 | −0.041% | $575K | $7.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.80 | +0.008% | $5.5M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.66 | −0.104% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.83 | +0.029% | $867K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.75 | −0.033% | $1.0M | $8K | 10x | as long as short |
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX HOOD-USD | +0.0014% | 1h | 122.76 | −0.024% | $1.3M | $4.1M | 10x | as long as short |
| Bybit HOODUSDTlong | +0.0027% | 8h | 122.79 | long leg | $3.9M | $8.7M | 25x | |
| Vest HOOD-USD-PERP | +0.0038% | 1h | 122.58 | −0.171% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.75 | −0.033% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.58 | −0.171% | $260K | $339K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.72 | −0.059% | $739 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.75 | −0.033% | $1.2M | $1.6M | 15x | as long as short |
| Lighter HOOD | +0.0064% | 1h | 122.69 | −0.080% | $2.9M | $2.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 122.74 | −0.041% | $207K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.73 | −0.047% | $71K | $108K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.83 | +0.033% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.73 | −0.049% | $5K | $107K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.75 | −0.033% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.69 | −0.082% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.78 | −0.008% | $181K | $159K | 20x | as long as short |
| tradeXYZ xyz:HOOD | +0.0133% | 1h | 122.70 | −0.073% | $52.7M | $27.7M | 10x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.71 | −0.065% | $28K | $239K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0213% | 1h | 122.93 | +0.114% | $63K | $49K | 30x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0484% | 1h | 122.69 | −0.081% | $8K | $69K | 10x | as long as short |
| edgeX HOODUSDC | +0.0958% | 4h | 122.74 | −0.043% | $369K | $305K | 10x | as long as short |
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
tradeXYZ xyz:HOOD
Phoenix HOOD
Injective HOOD/USDC PERP
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC