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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 01:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h −0.135%
Price spread now: tradeXYZ against edgeX+0.045%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Long on edgeXShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days−0.222%−$22 on $10k
Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.045%, 7d avg −0.056%
Together, before fees−0.359%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.101% dearer against edgeX than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.056%): +$10 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.222% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.6% 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 HOODUSDC122.460.0790pay 0.0395% / 4h3h 45m$369K$309K10x
ShorttradeXYZ xyz:HOOD122.520.0254get 0.0032% / 1h45m 32s$52.6M$28.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$112.64
Price spread: +0.045% → −0.056%
$10.13
Slippage, 4 orders
−$16.59
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$146.1
Costs to cover
0.436%
Break-even
never at this rate
Slippage from edgeX: live order book, 28 min ago; tradeXYZ: live order book, 3 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, 28 min ago5.70 bp11.1 bp −$1120.2 bp −$202doesn't fitdoesn't fit
Sell tradeXYZ live order book, 3 min ago0.82 bp10.4 bp −$1013.8 bp −$138doesn'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
Aster HOODUSDT0.0000%8h122.60+0.107%$107K$267K20xas long as short
Extended HOOD_24_5-USD0.0000%1h122.58+0.098%$365K$1.5M10xas long as short
Binance HOODUSDT0.0000%8h122.61+0.118%$21.9M$89.2M20xas long as short
OKX HOOD-USDT-SWAP0.0000%8h122.59+0.102%$2.9M$5.9M20xas long as short
RISEx HOOD/USDC0.0000%1h122.56+0.078%$382K$1.4M10xas long as short
Gate HOOD_USDT0.0000%8h122.60+0.110%$566K$7.8M50xas long as short
Bitget HOODUSDT0.0000%8h122.66+0.159%$5.5M$9.4M20xas long as short
Variational Omni HOOD0.0000%8h122.80+0.270%$2.4M$1.1M—as long as short
GRVT HOOD_USDT_Perp0.0000%8h122.46−0.001%$860K$2.0M10xas long as short
Phemex HOODUSDT0.0000%8h122.68+0.176%$1.0M$8K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX HOOD-USD+0.0014%1h122.54+0.061%$1.3M$4.2M10xas long as short
Arcus HOOD-USD+0.0040%1h122.61+0.118%$1.1M$1.7M10xas long as short
Vest HOOD-USD-PERP+0.0043%1h122.42−0.037%—$63K25xas long as short
Polymarket Perps HOOD-USD+0.0050%1h122.42−0.037%$264K$335K10xas long as short
SoDEX HOOD-USD+0.0050%1h122.66+0.159%$738$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h122.53+0.053%$1.2M$1.6M15xas long as short
Bybit HOODUSDT+0.0068%8h122.61+0.118%$3.9M$8.7M25xas long as short
Coinbase International HOOD-PERP-INTX+0.0096%1h122.34−0.102%$202K$1.9M10xas long as short
Pacifica HOOD+0.0100%1h122.53+0.051%$71K$110K10xas long as short
KuCoin HOODUSDTM+0.0100%8h122.64+0.143%$1.3M$1.1M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h122.65+0.151%$5K$107K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h122.68+0.176%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h122.70+0.192%$16K—10xas long as short
BloFin HOOD-USDT+0.0120%8h122.72+0.208%$181K$125K20xas long as short
Lighter HOOD+0.0184%1h122.59+0.103%$2.9M$2.1M10xas long as short
Phoenix HOOD+0.0196%1h122.61+0.118%$28K$239K10xas long as short
Injective HOOD/USDC PERP+0.0213%1h122.81+0.282%$63K$49K30xas long as short
tradeXYZ xyz:HOODshort+0.0254%1h122.52+0.045%$52.6M$28.0M10x
Deribit HOOD_USDC-PERPETUAL+0.0321%1h122.74+0.225%$8K$69K10xas long as short
edgeX HOODUSDClong+0.0790%4h122.46long leg$369K$309K10x