HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.019%

Price spread now: Lighter against Coinbase International−0.189%7-day average +0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.189%, 7d avg +0.151%

Together, before fees+0.331%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.339% cheaper against Coinbase International than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.151%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.161%, so the current rate has only just turned against you.

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	28m 11s	$195K	$1.8M	10x
Short	Lighter HOOD	119.65	0.0032	get 0.0004% / 1h	28m 11s	$2.8M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$35.28
Price spread: −0.189% → +0.151%: −$33.94
Slippage, 4 orders: −$16.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$95.4
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Coinbase International: live order book, just now; Lighter: 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 Coinbase International live order book, just now	5.43 bp	10.4 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.04 bp	2.7 bp −$3	6.5 bp −$65	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	119.96	+0.067%	$49K	$65K	30x	as long as short
Bitget HOODUSDT	−0.0028%	8h	119.69	−0.158%	$5.5M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	119.72	−0.135%	$108K	$284K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	119.66	−0.182%	$353K	$2.2M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	119.69	−0.161%	$20.7M	$91.5M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	119.71	−0.142%	$3.7M	$8.5M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	119.71	−0.142%	$2.6M	$6.1M	20x	as long as short
Gate HOOD_USDT	0.0000%	8h	119.68	−0.167%	$593K	$7.0M	50x	as long as short
Variational Omni HOOD	0.0000%	8h	119.91	+0.021%	$2.2M	$979K	—	as long as short
Phemex HOODUSDT	0.0000%	8h	119.80	−0.067%	$980K	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest HOOD-USD-PERP	+0.0004%	1h	119.42	−0.384%	—	$64K	25x	as long as short
Lighter HOODshort	+0.0032%	1h	119.65	−0.189%	$2.8M	$3.1M	10x
QFEX HOOD-USD	+0.0038%	1h	119.57	−0.259%	$1.3M	$2.8M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	119.58	−0.250%	$1.1M	$1.8M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	119.61	−0.225%	$50.4M	$27.2M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	119.55	−0.275%	$249K	$336K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	119.66	−0.188%	$847	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	119.60	−0.234%	$1.2M	$1.4M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	119.63	−0.206%	$73K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	119.73	−0.125%	$1.3M	$1.4M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	119.70	−0.150%	$5K	$36K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	119.68	−0.167%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	119.62	−0.219%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	119.86	−0.017%	$173K	$175K	20x	as long as short
GRVT HOOD_USDT_Perp	+0.0125%	8h	119.85	−0.028%	$847K	$1.9M	10x	as long as short
edgeX HOODUSDC	+0.0128%	4h	119.90	+0.018%	$361K	$304K	10x	as long as short
Phoenix HOOD	+0.0133%	1h	120.33	+0.375%	$28K	$238K	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0200%	1h	119.88	long leg	$195K	$1.8M	10x
RISEx HOOD/USDC	+0.0421%	1h	119.72	−0.138%	$422K	$1.3M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0503%	1h	119.66	−0.184%	$6K	$53K	10x	as long as short