Funding you earn now, next payment 04:00 UTC+0.0132%/8h= +14.4% APRpaid last 24h +0.067%
Price spread now: Phoenix against GRVT−0.083%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.083%, 7d avg −0.007%
=Together, before fees+0.139%+ Points / potential airdropGRVT: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.076% cheaper against GRVT than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.007%). If the spread goes back, that is −$8 on $10k: about 46 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT HOOD_USDT_Perp | 121.17 | 0 | get 0.0000% / 8h | 3h 27m | $859K | $2.0M | 10x |
| Short | Phoenix HOOD | 121.07 | 0.0132 | get 0.0016% / 1h | 27m 47s | $28K | $238K | 10x |
GRVT HOOD_USDT_Perp
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. 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
- $27.67
- Price spread: −0.083% → −0.007%
- −$7.59
- Slippage, 4 orders
- −$26.56
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$22.49
- Costs to cover
- 0.426%
- Break-even
- 12.7 days
Slippage from GRVT: live order book, 1 min ago; Phoenix: live order book, 20 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 GRVT live order book, 1 min ago | 0.41 bp | 13.5 bp −$13 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 20 min ago | 2.47 bp | 10.5 bp −$11 | 22.4 bp −$224 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | −0.0440% | 1h | 120.89 | −0.231% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0117% | 8h | 121.22 | +0.041% | $572K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0085% | 8h | 121.23 | +0.050% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.17 | −0.001% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.16 | −0.007% | $361K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.20 | +0.024% | $20.8M | $91.2M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.21 | +0.033% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.17 | 0.000% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.17 | −0.002% | $383K | $1.4M | 10x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.17 | +0.003% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perplong | 0.0000% | 8h | 121.17 | long leg | $859K | $2.0M | 10x | |
| Phemex HOODUSDT | 0.0000% | 8h | 121.18 | +0.008% | $991K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0015% | 1h | 120.94 | −0.190% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.13 | −0.033% | $1.3M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.07 | −0.083% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.11 | −0.050% | $51.4M | $28.4M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 121.00 | −0.140% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.16 | −0.005% | $729 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.00 | −0.140% | $1.2M | $1.5M | 15x | as long as short |
| edgeX HOODUSDC | +0.0053% | 4h | 121.12 | −0.044% | $364K | $305K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.15 | −0.018% | $68K | $109K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.20 | +0.025% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.06 | −0.091% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.15 | −0.017% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.13 | −0.034% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | −0.058% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.17 | 0.000% | $174K | $158K | 20x | as long as short |
| Phoenix HOODshort | +0.0132% | 1h | 121.07 | −0.083% | $28K | $238K | 10x | |
| Lighter HOOD | +0.0192% | 1h | 121.12 | −0.040% | $2.8M | $3.2M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0824% | 1h | 121.15 | −0.017% | $6K | $54K | 10x | as long as short |
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
edgeX HOODUSDC
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
Lighter HOOD
Deribit HOOD_USDC-PERPETUAL