Funding you earn now, next payment 12:00 UTC−0.0311%/8h= −34.0% APRpaid last 24h −0.069%
Price spread now: Pacifica against edgeX−0.190%52s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$400.403% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.190%, 7d avg −0.032%
=Together, before fees−0.081%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Pacifica is 0.158% cheaper against edgeX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 52 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 -0.189% in total (about -9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HOODUSDC | 122.56 | 0.0411 | pay 0.0205% / 4h | 50m 10s | $369K | $302K | 10x |
| Short | Pacifica HOOD | 122.32 | 0.0100 | get 0.0013% / 1h | 50m 10s | $73K | $115K | 10x |
edgeX HOODUSDC
Pacifica HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against edgeX. 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
- −$65.26
- Price spread: −0.190% → −0.032%
- −$15.77
- Slippage, 4 orders
- −$23.28
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$121.31
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 56 min ago; Pacifica: live order book, 55 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 edgeX live order book, 56 min ago | 6.55 bp | 11.6 bp −$12 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 55 min ago | 0.57 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
HOOD on 30 exchanges
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 | 122.32 | −0.196% | $110K | $285K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.21 | −0.282% | $3.7M | $7.2M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.13 | −0.348% | $2.7M | $5.7M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.17 | −0.315% | $566K | $6.6M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.17 | −0.315% | $5.6M | $9.0M | 20x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.10 | −0.372% | $999K | $8K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0033% | 1h | 121.69 | −0.707% | $28K | $96K | 30x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 122.38 | −0.144% | $1.3M | $2.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.28 | −0.225% | — | $64K | 25x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.29 | −0.217% | $253K | $339K | 10x | as long as short |
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Phemex HOODUSDT
Injective HOOD/USDC PERP
QFEX HOOD-USD
Vest HOOD-USD-PERP
Polymarket Perps HOOD-USDShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX HOOD-USD | +0.0050% | 1h | 122.21 | −0.282% | $723 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.27 | −0.233% | $1.3M | $1.2M | 15x | as long as short |
| Lighter HOOD | +0.0064% | 1h | 122.13 | −0.349% | $2.8M | $2.9M | 10x | as long as short |
| Variational Omni HOOD | +0.0090% | 8h | 122.43 | −0.101% | $2.3M | $867K | — | as long as short |
| Pacifica HOODshort | +0.0100% | 1h | 122.32 | −0.190% | $73K | $115K | 10x | |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.52 | −0.029% | $5K | $29K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.34 | −0.176% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.34 | −0.174% | $16K | — | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0112% | 8h | 122.34 | −0.176% | $1.7M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:HOOD | +0.0149% | 1h | 122.41 | −0.119% | $51.7M | $24.5M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0159% | 1h | 122.17 | −0.315% | $6K | $29K | 10x | as long as short |
| Arcus HOOD-USD | +0.0160% | 1h | 122.37 | −0.152% | $1.1M | $1.9M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 122.40 | −0.127% | $232K | $1.5M | 10x | as long as short |
| Binance HOODUSDT | +0.0208% | 8h | 122.29 | −0.219% | $21.2M | $87.0M | 20x | as long as short |
| Extended HOOD_24_5-USD | +0.0208% | 1h | 122.31 | −0.199% | $467K | $2.6M | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0243% | 8h | 122.60 | +0.033% | $861K | $1.7M | 10x | as long as short |
| Phoenix HOOD | +0.0261% | 1h | 122.27 | −0.233% | $28K | $241K | 10x | as long as short |
| BloFin HOOD-USDT | +0.0333% | 8h | 122.38 | −0.144% | $176K | $179K | 20x | as long as short |
| edgeX HOODUSDClong | +0.0411% | 4h | 122.56 | long leg | $369K | $302K | 10x | |
| RISEx HOOD/USDC | +0.0809% | 1h | 122.51 | −0.036% | $455K | $1.4M | 10x | as long as short |
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
Variational Omni HOOD
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
KuCoin HOODUSDTM
tradeXYZ xyz:HOOD
Deribit HOOD_USDC-PERPETUAL
Arcus HOOD-USD
Coinbase International HOOD-PERP-INTX
Binance HOODUSDT
Extended HOOD_24_5-USD
GRVT HOOD_USDT_Perp
Phoenix HOOD
BloFin HOOD-USDT
RISEx HOOD/USDC