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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 23:00 UTC+0.0937%/8h= +102.6% APRpaid last 24h +0.070%
Price spread now: edgeX against Extended+0.005%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Long on ExtendedShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.241%+$24 on $10k
Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.005%, 7d avg +0.028%
Together, before fees+0.315%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.023% cheaper against Extended than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.028%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.241% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.241% in total (about 12.6% 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
LongExtended HOOD_24_5-USD122.420.0048pay 0.0006% / 1h7m 16s$411K$1.2M10x
ShortedgeX HOODUSDC122.430.0985get 0.0493% / 4h1h 07m$368K$306K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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
$196.82
Price spread: +0.005% → +0.028%
−$2.31
Slippage, 4 orders
−$33.05
Fee Extended: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$147.47
Costs to cover
0.470%
Break-even
1.8 days
Slippage from Extended: live order book, 1 min ago; edgeX: live order book, 11 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 Extended live order book, 1 min ago3.48 bp12.6 bp −$1384.7 bp −$847doesn't fitdoesn't fit
Sell edgeX live order book, 11 min ago6.09 bp11.3 bp −$1120.5 bp −$205doesn'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
Polymarket Perps HOOD-USD−0.0138%1h122.13−0.236%$268K$332K10xas long as short
Aster HOODUSDT0.0000%8h122.44+0.018%$108K$263K20xas long as short
Bybit HOODUSDT0.0000%8h122.44+0.017%$3.9M$8.8M25xas long as short
OKX HOOD-USDT-SWAP0.0000%8h122.48+0.050%$2.9M$5.8M20xas long as short
RISEx HOOD/USDC0.0000%1h122.35−0.056%$393K$1.4M10xas long as short
Gate HOOD_USDT0.0000%8h122.38−0.032%$568K$7.9M50xas long as short
Bitget HOODUSDT0.0000%8h122.42+0.001%$5.6M$9.6M20xas long as short
Variational Omni HOOD0.0000%8h122.39−0.025%$2.3M$1.0M—as long as short
GRVT HOOD_USDT_Perp0.0000%8h122.44+0.014%$857K$2.0M10xas long as short
Deribit HOOD_USDC-PERPETUAL0.0000%1h122.35−0.056%$8K$81K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HOODUSDT0.0000%8h122.45+0.025%$1.0M$8K10xas long as short
Lighter HOOD+0.0032%1h122.42−0.001%$2.9M$2.2M10xas long as short
Vest HOOD-USD-PERP+0.0046%1h122.27−0.122%—$63K25xas long as short
Binance HOODUSDT+0.0047%8h122.47+0.042%$22.2M$88.0M20xas long as short
Extended HOOD_24_5-USDlong+0.0048%1h122.42long leg$411K$1.2M10x
SoDEX HOOD-USD+0.0050%1h122.33−0.074%$734$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h122.36−0.048%$1.2M$1.6M15xas long as short
QFEX HOOD-USD+0.0057%1h122.34−0.065%$1.3M$4.1M10xas long as short
Coinbase International HOOD-PERP-INTX+0.0080%1h122.43+0.009%$198K$1.9M10xas long as short
Pacifica HOOD+0.0100%1h122.31−0.091%$70K$114K10xas long as short
KuCoin HOODUSDTM+0.0100%8h122.41−0.007%$1.3M$1.1M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h122.44+0.017%$5K$135K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h122.42+0.001%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h122.33−0.073%$16K—10xas long as short
tradeXYZ xyz:HOOD+0.0108%1h122.34−0.065%$52.5M$29.8M10xas long as short
BloFin HOOD-USDT+0.0167%8h122.40−0.016%$183K$123K20xas long as short
Arcus HOOD-USD+0.0187%1h122.25−0.138%$1.1M$1.7M10xas long as short
Injective HOOD/USDC PERP+0.0258%1h123.07+0.532%$63K$50K30xas long as short
Phoenix HOOD+0.0388%1h122.44+0.017%$28K$188K10xas long as short
edgeX HOODUSDCshort+0.0985%4h122.43+0.005%$368K$306K10x