Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.004%
Price spread now: Polymarket Perps against Bybit−0.114%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 7 days+0.135%+$13 · spread now −0.114%, 7d avg −0.150%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.036% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.150%. Mind the row above: over the last 7 days funding on this pair cost −0.235%, 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 | Bybit HOODUSDT | 122.92 | 0 | get 0.0000% / 8h | 7h 29m | $3.9M | $8.7M | 25x |
| Short | Polymarket Perps HOOD-USD | 122.78 | 0.0050 | get 0.0006% / 1h | 29m 29s | $265K | $335K | 10x |
Bybit HOODUSDT
Polymarket Perps HOOD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $10.5
- Price spread: −0.114% → −0.150%
- $3.57
- Slippage, 4 orders
- −$21.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$26.27
- Costs to cover
- 0.403%
- Break-even
- 24.5 days
Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 43 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, 4 min ago | 1.63 bp | 12.8 bp −$13 | 45.5 bp −$455 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 43 min ago | 2.85 bp | 7.2 bp −$7 | 8.5 bp −$85 | 9.9 bp −$988 | 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 | 122.83 | −0.077% | $107K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.88 | −0.030% | $364K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 122.94 | +0.017% | $21.9M | $89.3M | 20x | as long as short |
| Bybit HOODUSDTlong | 0.0000% | 8h | 122.92 | long leg | $3.9M | $8.7M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.89 | −0.024% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.89 | −0.028% | $379K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.88 | −0.033% | $576K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.93 | +0.008% | $5.6M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.85 | −0.056% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.85 | −0.059% | $862K | $2.0M | 10x | as long as short |
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
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 HOODUSDT | 0.0000% | 8h | 122.92 | 0.000% | $1.0M | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0014% | 1h | 122.92 | 0.000% | $1.3M | $4.1M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0040% | 1h | 122.81 | −0.089% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.88 | −0.033% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USDshort | +0.0050% | 1h | 122.78 | −0.114% | $265K | $335K | 10x | |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.90 | −0.019% | $740 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.73 | −0.155% | $1.2M | $1.6M | 15x | as long as short |
| Lighter HOOD | +0.0080% | 1h | 122.91 | −0.010% | $2.9M | $2.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 122.34 | −0.472% | $202K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.88 | −0.036% | $71K | $110K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.90 | −0.016% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.84 | −0.065% | $5K | $107K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.92 | 0.000% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.86 | −0.047% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.87 | −0.041% | $181K | $115K | 20x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0157% | 1h | 122.84 | −0.065% | $8K | $69K | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0159% | 1h | 122.90 | −0.016% | $52.7M | $27.8M | 10x | as long as short |
| edgeX HOODUSDC | +0.0167% | 4h | 122.97 | +0.041% | $370K | $309K | 10x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.96 | +0.033% | $28K | $239K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0213% | 1h | 122.88 | −0.033% | $63K | $49K | 30x | as long as short |
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus 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
Deribit HOOD_USDC-PERPETUAL
tradeXYZ xyz:HOOD
edgeX HOODUSDC
Phoenix HOOD
Injective HOOD/USDC PERP