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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 04:00 UTC−0.0724%/8h= −79.3% APRpaid last 24h −0.067%
Price spread now: Phoenix against edgeX+0.005%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Long on edgeXShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days−0.132%−$13 on $10k
Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.005%, 7d avg −0.011%
Together, before fees−0.252%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% 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 HOODUSDC121.100.0856pay 0.0428% / 4h3h 26m$364K$303K10x
ShortPhoenix HOOD121.110.0132get 0.0016% / 1h26m 06s$28K$238K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
−$152.02
Price spread: +0.005% → −0.011%
$1.65
Slippage, 4 orders
−$26.62
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$192.99
Costs to cover
0.426%
Break-even
never at this rate
Slippage from edgeX: live order book, 27 min ago; Phoenix: live order book, 21 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, 27 min ago5.76 bp10.8 bp −$1119.7 bp −$197doesn't fitdoesn't fit
Sell Phoenix live order book, 21 min ago2.47 bp10.5 bp −$1122.4 bp −$224doesn'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%1h120.89−0.176%$58K$57K30xas long as short
Gate HOOD_USDT−0.0119%8h121.13+0.022%$571K$7.7M50xas long as short
Bitget HOODUSDT−0.0089%8h121.17+0.055%$5.4M$9.7M20xas long as short
Aster HOODUSDT0.0000%8h121.16+0.043%$106K$280K20xas long as short
Extended HOOD_24_5-USD0.0000%1h121.06−0.032%$362K$1.4M10xas long as short
Binance HOODUSDT0.0000%8h121.10−0.004%$20.8M$91.2M20xas long as short
Bybit HOODUSDT0.0000%8h121.09−0.011%$3.9M$8.7M25xas long as short
OKX HOOD-USDT-SWAP0.0000%8h121.15+0.038%$2.7M$6.0M20xas long as short
RISEx HOOD/USDC0.0000%1h121.11+0.001%$383K$1.4M10xas long as short
Variational Omni HOOD0.0000%8h121.17+0.058%$2.3M$1.1M—as long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT HOOD_USDT_Perp0.0000%8h121.11+0.004%$858K$2.0M10xas long as short
Phemex HOODUSDT0.0000%8h121.10−0.003%$991K$9K10xas long as short
Vest HOOD-USD-PERP+0.0015%1h120.92−0.152%—$63K25xas long as short
QFEX HOOD-USD+0.0022%1h121.10−0.003%$1.3M$3.3M10xas long as short
Arcus HOOD-USD+0.0040%1h121.08−0.019%$1.1M$1.7M10xas long as short
tradeXYZ xyz:HOOD+0.0050%1h121.06−0.036%$51.3M$28.4M10xas long as short
Polymarket Perps HOOD-USD+0.0050%1h120.96−0.119%$251K$344K10xas long as short
SoDEX HOOD-USD+0.0050%1h121.06−0.037%$727$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h121.08−0.019%$1.2M$1.5M15xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0081%1h121.06−0.036%$6K$54K10xas long as short
Pacifica HOOD+0.0100%1h121.13+0.022%$68K$109K10xas long as short
KuCoin HOODUSDTM+0.0100%8h121.17+0.055%$1.3M$1.2M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h121.06−0.036%$5K$41K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h121.08−0.019%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h121.06−0.038%$16K—10xas long as short
Coinbase International HOOD-PERP-INTX+0.0120%1h121.10−0.003%$193K$1.9M10xas long as short
BloFin HOOD-USDT+0.0120%8h121.22+0.096%$175K$158K20xas long as short
Phoenix HOODshort+0.0132%1h121.11+0.005%$28K$238K10x
Lighter HOOD+0.0176%1h121.08−0.021%$2.8M$3.2M10xas long as short
edgeX HOODUSDClong+0.0856%4h121.10long leg$364K$303K10x