HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.050%

Price spread now: Polymarket Perps against Coinbase International−0.165%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.165%, 7d avg +0.015%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.180% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HOOD-PERP-INTX	121.10	0.0120	pay 0.0015% / 1h	24m 43s	$193K	$1.9M	10x
Short	Polymarket Perps HOOD-USD	120.90	0.0050	get 0.0006% / 1h	24m 43s	$251K	$344K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$14.7
Price spread: −0.165% → +0.015%: −$18.02
Slippage, 4 orders: −$13.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$64.28
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Polymarket Perps: live order book, 27 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, 4 min ago	2.89 bp	7.9 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 27 min ago	3.30 bp	7.7 bp −$8	8.5 bp −$85	10.1 bp −$1,006	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	120.89	−0.173%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0121%	8h	121.10	0.000%	$571K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0097%	8h	121.11	+0.008%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	121.14	+0.032%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.05	−0.045%	$362K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.07	−0.025%	$20.8M	$91.2M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.09	−0.008%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.11	+0.008%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.11	+0.008%	$383K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.08	−0.018%	$2.3M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.11	+0.007%	$858K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.11	+0.008%	$991K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0015%	1h	120.91	−0.157%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.10	0.000%	$1.3M	$3.3M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.05	−0.041%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.01	−0.074%	$51.3M	$28.3M	10x	as long as short
Polymarket Perps HOOD-USDshort	+0.0050%	1h	120.90	−0.165%	$251K	$344K	10x
SoDEX HOOD-USD	+0.0050%	1h	121.07	−0.026%	$727	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.08	−0.017%	$1.2M	$1.5M	15x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0081%	1h	121.06	−0.033%	$6K	$54K	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.08	−0.020%	$67K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.15	+0.041%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.08	−0.017%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.07	−0.025%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.06	−0.035%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTXlong	+0.0120%	1h	121.10	long leg	$193K	$1.9M	10x
BloFin HOOD-USDT	+0.0120%	8h	121.07	−0.025%	$174K	$158K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.14	+0.033%	$28K	$238K	10x	as long as short
Lighter HOOD	+0.0176%	1h	121.07	−0.022%	$2.8M	$3.2M	10x	as long as short
edgeX HOODUSDC	+0.0425%	4h	121.18	+0.066%	$365K	$303K	10x	as long as short