HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.023%

Price spread now: Extended against Coinbase International+0.191%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.191%, 7d avg +0.138%

Together, before fees−0.230%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.053% dearer against Coinbase International than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of +0.138%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.045% in total) that is about 8.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HOOD-PERP-INTX	119.88	0.0200	pay 0.0025% / 1h	33m 36s	$195K	$1.8M	10x
Short	Extended HOOD_24_5-USD	120.11	0	get 0.0000% / 1h	33m 36s	$355K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$42
Price spread: +0.191% → +0.138%: $5.28
Slippage, 4 orders: −$29.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$81.2
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Extended: live order book, 5 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 Coinbase International live order book, 5 min ago	4.16 bp	9.2 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	3.91 bp	13.1 bp −$13	109.8 bp −$1,098	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	119.92	+0.033%	$58K	$61K	30x	as long as short
Bitget HOODUSDT	−0.0052%	8h	120.14	+0.217%	$5.5M	$9.8M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.27	+0.325%	$108K	$284K	20x	as long as short
Extended HOOD_24_5-USDshort	0.0000%	1h	120.11	+0.191%	$355K	$2.2M	10x
Binance HOODUSDT	0.0000%	8h	120.19	+0.259%	$20.8M	$91.4M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.19	+0.259%	$3.7M	$8.6M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.08	+0.167%	$2.7M	$6.1M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	120.16	+0.234%	$600K	$7.0M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	120.36	+0.401%	$2.2M	$980K	—	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	120.31	+0.359%	$6K	$53K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDT	0.0000%	8h	120.37	+0.409%	$985K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0006%	1h	120.14	+0.217%	—	$64K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.18	+0.252%	$2.8M	$3.1M	10x	as long as short
QFEX HOOD-USD	+0.0038%	1h	120.28	+0.334%	$1.3M	$2.8M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.02	+0.117%	$1.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.11	+0.192%	$50.7M	$27.2M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.30	+0.350%	$251K	$336K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.33	+0.377%	$717	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.23	+0.292%	$1.2M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.13	+0.210%	$74K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.20	+0.267%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.27	+0.325%	$5K	$36K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.27	+0.325%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.32	+0.371%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.41	+0.442%	$173K	$175K	20x	as long as short
Phoenix HOOD	+0.0133%	1h	120.31	+0.359%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0200%	1h	119.88	long leg	$195K	$1.8M	10x
GRVT HOOD_USDT_Perp	+0.0243%	8h	120.31	+0.355%	$852K	$1.9M	10x	as long as short
edgeX HOODUSDC	+0.0292%	4h	120.34	+0.385%	$362K	$303K	10x	as long as short
RISEx HOOD/USDC	+0.0421%	1h	120.21	+0.275%	$418K	$1.4M	10x	as long as short