Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.038%
Price spread now: tradeXYZ against Bybit−0.033%7-day average −0.061% · 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−$44as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.033%, 7d avg −0.061%
=Together, before fees+0.083%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HOODUSDT | 120.94 | 0 | get 0.0000% / 8h | 2h 45m | $3.8M | $8.9M | 25x |
| Short | tradeXYZ xyz:HOOD | 120.90 | 0.0050 | get 0.0006% / 1h | 45m 53s | $51.2M | $28.3M | 10x |
Bybit HOODUSDT
tradeXYZ xyz:HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: −0.033% → −0.061%
- $2.76
- Slippage, 4 orders
- −$18.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$33.92
- Costs to cover
- 0.472%
- Break-even
- 29.6 days
Slippage from Bybit: live order book, 2 min ago; tradeXYZ: live order book, 4 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, 2 min ago | 1.65 bp | 13.8 bp −$14 | 43.7 bp −$437 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.83 bp | 10.9 bp −$11 | 15.1 bp −$151 | 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 | 120.64 | −0.248% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0171% | 8h | 121.02 | +0.066% | $5.4M | $9.8M | 20x | as long as short |
| Gate HOOD_USDT | −0.0157% | 8h | 120.96 | +0.017% | $582K | $7.6M | 50x | as long as short |
| Polymarket Perps HOOD-USD | −0.0027% | 1h | 120.77 | −0.141% | $251K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.95 | +0.009% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.90 | −0.032% | $358K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.94 | −0.003% | $20.7M | $91.5M | 20x | as long as short |
| Bybit HOODUSDTlong | 0.0000% | 8h | 120.94 | long leg | $3.8M | $8.9M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.94 | 0.000% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.92 | −0.013% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
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 | 120.99 | +0.041% | $849K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 120.92 | −0.017% | $6K | $55K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.01 | +0.058% | $990K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0012% | 1h | 120.81 | −0.107% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 120.92 | −0.021% | $2.8M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.95 | +0.008% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOODshort | +0.0050% | 1h | 120.90 | −0.033% | $51.2M | $28.3M | 10x | |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.94 | 0.000% | $724 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.94 | 0.000% | $1.2M | $1.5M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 120.98 | +0.033% | $1.3M | $3.1M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.96 | +0.017% | $67K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.94 | 0.000% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.93 | −0.008% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.93 | −0.008% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.89 | −0.040% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 121.01 | +0.058% | $382K | $1.4M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.09 | +0.124% | $175K | $162K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.99 | +0.041% | $28K | $238K | 10x | as long as short |
| edgeX HOODUSDC | +0.0147% | 4h | 121.01 | +0.056% | $364K | $305K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.77 | −0.141% | $193K | $1.8M | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
Arcus HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
Phoenix HOOD
edgeX HOODUSDC
Coinbase International HOOD-PERP-INTX