Funding you earn now, next payment 06:00 UTC−0.0821%/8h= −89.9% APRpaid last 24h −0.139%
Price spread now: Polymarket Perps against edgeX−0.044%64s7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as 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−$380.380% of the position
Funding, last 7 days−0.534%−$53 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now −0.044%, 7d avg −0.151%
=Together, before fees−0.708%+ Points / potential airdropedgeX: Active · farm board−$71 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.106% dearer against edgeX than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.151%): +$11 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.534% in total) that is about 34 hours. The two prices were read 64 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 -0.534% in total (about -27.8% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HOODUSDC | 120.55 | 0.0777 | pay 0.0388% / 4h | 2h 29m | $363K | $305K | 10x |
| Short | Polymarket Perps HOOD-USD | 120.50 | −0.0044 | pay 0.0005% / 1h | 29m 48s | $250K | $344K | 10x |
edgeX HOODUSDC
Polymarket Perps HOOD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$172.33
- Price spread: −0.044% → −0.151%
- $10.65
- Slippage, 4 orders
- −$21.04
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$199.72
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 19 min ago; Polymarket Perps: live order book, 17 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, 19 min ago | 5.78 bp | 10.9 bp −$11 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 17 min ago | 2.07 bp | 7.6 bp −$8 | 8.1 bp −$81 | 9.8 bp −$976 | 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 | 120.35 | −0.169% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0251% | 8h | 120.78 | +0.188% | $5.4M | $9.8M | 20x | as long as short |
| Gate HOOD_USDT | −0.0166% | 8h | 120.71 | +0.130% | $579K | $7.6M | 50x | as long as short |
| Polymarket Perps HOOD-USDshort | −0.0044% | 1h | 120.50 | −0.044% | $250K | $344K | 10x | |
| Aster HOODUSDT | 0.0000% | 8h | 120.67 | +0.100% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.65 | +0.078% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.65 | +0.080% | $20.6M | $91.7M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.63 | +0.064% | $3.7M | $8.9M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.63 | +0.064% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.60 | +0.040% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.53 | −0.018% | $843K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.71 | +0.130% | $988K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0013% | 1h | 120.43 | −0.102% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 120.64 | +0.072% | $2.8M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.54 | −0.011% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.62 | +0.055% | $51.1M | $28.3M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.64 | +0.074% | $723 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.58 | +0.022% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 120.60 | +0.039% | $1.3M | $3.0M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.63 | +0.068% | $67K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.66 | +0.089% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.53 | −0.019% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.69 | +0.113% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.68 | +0.108% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 120.69 | +0.109% | $422K | $1.4M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.64 | +0.072% | $175K | $160K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.64 | +0.072% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.48 | −0.061% | $192K | $1.8M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0579% | 1h | 120.73 | +0.147% | $6K | $55K | 10x | as long as short |
| edgeX HOODUSDClong | +0.0777% | 4h | 120.55 | long leg | $363K | $305K | 10x |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
Phoenix HOOD
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL