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Funding arb · Price arb /

HOOD

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0570%/8h= −62.4% APRpaid last 24h −0.135%
Price spread now: OKX against edgeX+0.125%111s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as 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−$470.471% of the position
Long on edgeXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.246%−$25 on $10k
Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.125%, 7d avg −0.010%
Together, before fees−0.435%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.134% dearer against edgeX than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of −0.010%): +$13 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.246% in total) that is about 3.8 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HOODUSDC121.190.0570pay 0.0285% / 4h3h 45m$365K$305K10x
ShortOKX HOOD-USDT-SWAP121.340get 0.0000% / 8h3h 45m$2.7M$6.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against edgeX. 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

Funding earned
−$119.6
Price spread: +0.125% → −0.010%
$13.41
Slippage, 4 orders
−$28.05
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$153.23
Costs to cover
0.471%
Break-even
never at this rate
Slippage from edgeX: live order book, 8 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 8 min ago5.76 bp10.8 bp −$1119.7 bp −$197doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago2.06 bp13.8 bp −$1426.2 bp −$262doesn't fitdoesn't fit

HOOD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective HOOD/USDC PERP−0.0440%1h121.21+0.017%$58K$57K30xas long as short
Gate HOOD_USDT−0.0095%8h121.38+0.158%$575K$7.7M50xas long as short
Aster HOODUSDT0.0000%8h121.39+0.162%$106K$280K20xas long as short
Extended HOOD_24_5-USD0.0000%1h121.28+0.072%$357K$1.4M10xas long as short
Binance HOODUSDT0.0000%8h121.32+0.107%$20.8M$91.1M20xas long as short
Bybit HOODUSDT0.0000%8h121.34+0.125%$3.9M$8.7M25xas long as short
OKX HOOD-USDT-SWAPshort0.0000%8h121.34+0.125%$2.7M$6.0M20x
RISEx HOOD/USDC0.0000%1h121.31+0.104%$390K$1.4M10xas long as short
Bitget HOODUSDT0.0000%8h121.36+0.141%$5.4M$9.7M20xas long as short
Variational Omni HOOD0.0000%8h121.32+0.111%$2.3M$1.1M—as long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT HOOD_USDT_Perp0.0000%8h121.19−0.003%$858K$2.0M10xas long as short
Phemex HOODUSDT0.0000%8h121.34+0.125%$993K$8K10xas long as short
Vest HOOD-USD-PERP+0.0016%1h121.10−0.073%—$63K25xas long as short
QFEX HOOD-USD+0.0022%1h121.29+0.083%$1.3M$3.4M10xas long as short
Arcus HOOD-USD+0.0040%1h121.26+0.059%$1.1M$1.7M10xas long as short
Polymarket Perps HOOD-USD+0.0047%1h121.14−0.040%$251K$344K10xas long as short
tradeXYZ xyz:HOOD+0.0050%1h121.23+0.034%$51.5M$28.3M10xas long as short
SoDEX HOOD-USD+0.0050%1h121.33+0.116%$730$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h121.24+0.042%$1.2M$1.5M15xas long as short
Pacifica HOOD+0.0100%1h121.32+0.105%$68K$109K10xas long as short
KuCoin HOODUSDTM+0.0100%8h121.36+0.141%$1.3M$1.2M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h121.09−0.082%$5K$41K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h121.32+0.108%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h121.30+0.095%$16K—10xas long as short
Coinbase International HOOD-PERP-INTX+0.0120%1h121.10−0.073%$193K$1.9M10xas long as short
BloFin HOOD-USDT+0.0120%8h121.37+0.149%$174K$160K20xas long as short
Phoenix HOOD+0.0132%1h121.24+0.042%$27K$238K10xas long as short
Lighter HOOD+0.0200%1h121.30+0.087%$2.8M$3.1M10xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0245%1h121.31+0.100%$6K$57K10xas long as short
edgeX HOODUSDClong+0.0570%4h121.19long leg$365K$305K10x