Funding you earn now, next payment 22:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.060%
Price spread now: QFEX against Coinbase International+0.041%7-day average +0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 3 days (all we have)−0.088%−$9 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.041%, 7d avg +0.151%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.110% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.151%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HOOD-PERP-INTX | 122.43 | 0.0080 | pay 0.0010% / 1h | 6m 29s | $198K | $1.9M | 10x |
| Short | QFEX HOOD-USD | 122.48 | 0.0057 | get 0.0007% / 1h | 6m 29s | $1.3M | $4.1M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$4.92
- Price spread: +0.041% → +0.151%
- −$11.04
- Slippage, 4 orders
- −$16.32
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$52.29
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; QFEX: live order book, 12 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 | 6.54 bp | 11.5 bp −$12 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 12 min ago | 1.62 bp | 6.6 bp −$7 | 8.8 bp −$88 | 16.2 bp −$1,623 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0140% | 1h | 122.38 | −0.041% | $269K | $332K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.43 | 0.000% | $108K | $263K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.50 | +0.057% | $3.9M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.54 | +0.090% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.45 | +0.017% | $393K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.45 | +0.016% | $569K | $7.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.53 | +0.082% | $5.6M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.39 | −0.034% | $2.3M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.44 | +0.005% | $857K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 122.35 | −0.065% | $8K | $81K | 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 | 122.45 | +0.016% | $1.0M | $8K | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.45 | +0.020% | $2.9M | $2.2M | 10x | as long as short |
| Binance HOODUSDT | +0.0043% | 8h | 122.49 | +0.050% | $22.1M | $88.0M | 20x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.38 | −0.041% | — | $63K | 25x | as long as short |
| Extended HOOD_24_5-USD | +0.0048% | 1h | 122.46 | +0.021% | $411K | $1.2M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.33 | −0.083% | $734 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.35 | −0.065% | $1.2M | $1.6M | 15x | as long as short |
| QFEX HOOD-USDshort | +0.0057% | 1h | 122.48 | +0.041% | $1.3M | $4.1M | 10x | |
| Coinbase International HOOD-PERP-INTXlong | +0.0080% | 1h | 122.43 | long leg | $198K | $1.9M | 10x | |
| Pacifica HOOD | +0.0100% | 1h | 122.49 | +0.050% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.50 | +0.057% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.44 | +0.008% | $5K | $135K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.42 | −0.008% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.33 | −0.082% | $16K | — | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0108% | 1h | 122.50 | +0.057% | $52.5M | $29.8M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0167% | 8h | 122.40 | −0.025% | $183K | $123K | 20x | as long as short |
| Arcus HOOD-USD | +0.0187% | 1h | 122.34 | −0.074% | $1.1M | $1.7M | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0258% | 1h | 123.07 | +0.523% | $63K | $50K | 30x | as long as short |
| Phoenix HOOD | +0.0388% | 1h | 122.44 | +0.008% | $28K | $188K | 10x | as long as short |
| edgeX HOODUSDC | +0.0985% | 4h | 122.43 | −0.004% | $368K | $306K | 10x | as long as short |
Coinbase International HOOD-PERP-INTX
Polymarket Perps HOOD-USD
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Lighter HOOD
Binance HOODUSDT
Extended HOOD_24_5-USD
SoDEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
tradeXYZ xyz:HOOD
BloFin HOOD-USDT
Injective HOOD/USDC PERP
Phoenix HOOD
edgeX HOODUSDC