Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.006%
Price spread now: Phoenix against Coinbase International+0.466%72s7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 3 days (all we have)−0.423%−$42 · spread now +0.466%, 7d avg +0.154%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.312% dearer against Coinbase International than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.154%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HOOD-PERP-INTX | 122.34 | 0.0096 | pay 0.0012% / 1h | 32m 10s | $202K | $1.9M | 10x |
| Short | Phoenix HOOD | 122.91 | 0.0196 | get 0.0024% / 1h | 32m 10s | $28K | $239K | 10x |
Coinbase International HOOD-PERP-INTX
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.93
- Price spread: +0.466% → +0.154%
- $31.23
- Slippage, 4 orders
- −$29.94
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $5.23
- Costs to cover
- 0.469%
- Break-even
- 5.3 days
Slippage from Coinbase International: live order book, 2 min ago; Phoenix: live order book, 35 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, 2 min ago | 5.29 bp | 10.3 bp −$10 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 35 min ago | 4.07 bp | 13.2 bp −$13 | 28.8 bp −$288 | 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 | 122.85 | +0.419% | $108K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.97 | +0.515% | $362K | $1.6M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 123.06 | +0.588% | $21.9M | $89.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 123.06 | +0.589% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 123.00 | +0.539% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.91 | +0.466% | $382K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.94 | +0.490% | $576K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 123.01 | +0.548% | $5.6M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.87 | +0.430% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.83 | +0.400% | $862K | $2.0M | 10x | as long as short |
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit 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 | 123.03 | +0.564% | $1.0M | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0014% | 1h | 122.89 | +0.450% | $1.3M | $4.1M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0040% | 1h | 122.75 | +0.335% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.83 | +0.401% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.78 | +0.360% | $265K | $335K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.96 | +0.505% | $740 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.75 | +0.335% | $1.2M | $1.6M | 15x | as long as short |
| Lighter HOOD | +0.0088% | 1h | 122.97 | +0.519% | $2.9M | $2.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTXlong | +0.0096% | 1h | 122.34 | long leg | $202K | $1.9M | 10x | |
| Pacifica HOOD | +0.0100% | 1h | 122.92 | +0.476% | $71K | $110K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.92 | +0.474% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.80 | +0.376% | $5K | $107K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.94 | +0.490% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.94 | +0.489% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.88 | +0.441% | $181K | $125K | 20x | as long as short |
| tradeXYZ xyz:HOOD | +0.0165% | 1h | 123.00 | +0.539% | $52.8M | $27.7M | 10x | as long as short |
| Phoenix HOODshort | +0.0196% | 1h | 122.91 | +0.466% | $28K | $239K | 10x | |
| Injective HOOD/USDC PERP | +0.0213% | 1h | 122.88 | +0.441% | $63K | $49K | 30x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0238% | 1h | 122.97 | +0.515% | $8K | $69K | 10x | as long as short |
| edgeX HOODUSDC | +0.0725% | 4h | 122.84 | +0.407% | $370K | $308K | 10x | as long as short |
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
tradeXYZ xyz:HOOD
Injective HOOD/USDC PERP
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC