HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0197%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.035%

Price spread now: Phoenix against Extended−0.097%68s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$520.519% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.097%, 7d avg +0.020%

Together, before fees+0.137%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.117% cheaper against Extended than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of +0.020%). If the spread goes back, that is −$12 on $10k: about 47 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.107% in total) that is about 7.6 days. The two prices were read 68 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 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. 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	Extended HOOD_24_5-USD	121.87	0	get 0.0000% / 1h	10m 14s	$358K	$1.3M	10x
Short	Phoenix HOOD	121.75	0.0197	get 0.0025% / 1h	10m 14s	$28K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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

Position, each leg$Hold fordaysFee ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.097%Rate

Funding earned: $41.39
Price spread: −0.097% → +0.020%: −$11.68
Slippage, 4 orders: −$39.95
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$22.24
Costs to cover: 0.519%
Break-even: 10.8 days

Slippage from Extended: live order book, 3 min ago; Phoenix: live order book, 47 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 Extended live order book, 3 min ago	4.07 bp	13.1 bp −$13	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell Phoenix live order book, 47 min ago	4.11 bp	13.0 bp −$13	28.7 bp −$287	doesn't fit	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
Polymarket Perps HOOD-USD	−0.0108%	1h	121.66	−0.171%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.80	−0.056%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USDlong	0.0000%	1h	121.87	long leg	$358K	$1.3M	10x
Binance HOODUSDT	0.0000%	8h	121.90	+0.026%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.85	−0.015%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.86	−0.007%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.91	+0.030%	$382K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.90	+0.026%	$580K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.88	+0.010%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.77	−0.084%	$2.3M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.78	−0.073%	$861K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.87	+0.001%	$997K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.84	−0.023%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.65	−0.179%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.73	−0.113%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.78	−0.072%	$52.0M	$28.2M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.85	−0.016%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.63	−0.196%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.269%	$194K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.90	+0.024%	$68K	$106K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.82	−0.040%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.69	−0.146%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.86	−0.007%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.84	−0.026%	$16K	—	10x	as long as short
Lighter HOOD	+0.0120%	1h	121.86	−0.005%	$2.8M	$3.1M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.84	−0.023%	$176K	$162K	20x	as long as short
Phoenix HOODshort	+0.0197%	1h	121.75	−0.097%	$28K	$239K	10x
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.417%	$58K	$57K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0653%	1h	121.87	+0.001%	$8K	$68K	10x	as long as short
edgeX HOODUSDC	+0.0808%	4h	121.76	−0.092%	$366K	$303K	10x	as long as short