Funding you earn now, next payment 09:00 UTC+0.0440%/8h= +48.2% APRpaid last 24h −0.017%
Price spread now: Phemex against Injective−0.133%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phemex is 0.133% cheaper against Injective than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 24 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.129% in total) that is about 7.2 days. The two prices were read 65 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 0.129% in total (about 6.7% 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 | Injective HOOD/USDC PERP | 119.96 | −0.0440 | get 0.0055% / 1h | 28m 08s | $49K | $65K | 30x |
| Short | Phemex HOODUSDT | 119.80 | 0 | get 0.0000% / 8h | 7h 28m | $980K | $8K | 10x |
Injective HOOD/USDC PERP
Phemex HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- $92.4
- Price spread: −0.133% → 0.000%
- −$13.34
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $67.04
- Costs to cover
- 0.120%
- Break-even
- 1.9 days
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 54 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 54 min ago | 1.25 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPlong | −0.0440% | 1h | 119.96 | long leg | $49K | $65K | 30x | |
| Bitget HOODUSDT | −0.0028% | 8h | 119.72 | −0.200% | $5.5M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 119.76 | −0.167% | $108K | $284K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 119.68 | −0.231% | $353K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 119.73 | −0.193% | $20.7M | $91.5M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 119.74 | −0.183% | $3.7M | $8.5M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 119.71 | −0.208% | $2.6M | $6.1M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 119.70 | −0.217% | $593K | $7.0M | 50x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 119.91 | −0.046% | $2.2M | $979K | — | as long as short |
| Phemex HOODUSDTshort | 0.0000% | 8h | 119.80 | −0.133% | $980K | $8K | 10x |
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest HOOD-USD-PERP | +0.0004% | 1h | 119.42 | −0.450% | — | $64K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 119.65 | −0.255% | $2.8M | $3.1M | 10x | as long as short |
| QFEX HOOD-USD | +0.0038% | 1h | 119.57 | −0.325% | $1.3M | $2.8M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 119.58 | −0.317% | $1.1M | $1.8M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 119.66 | −0.250% | $50.5M | $27.2M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 119.55 | −0.342% | $249K | $336K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 119.66 | −0.254% | $847 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 119.60 | −0.300% | $1.2M | $1.4M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 119.63 | −0.273% | $73K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 119.73 | −0.192% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 119.70 | −0.217% | $5K | $36K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 119.68 | −0.233% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 119.62 | −0.286% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 119.86 | −0.083% | $173K | $175K | 20x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0125% | 8h | 119.85 | −0.095% | $847K | $1.9M | 10x | as long as short |
| edgeX HOODUSDC | +0.0128% | 4h | 119.90 | −0.049% | $361K | $304K | 10x | as long as short |
| Phoenix HOOD | +0.0133% | 1h | 120.33 | +0.308% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0200% | 1h | 119.88 | −0.067% | $195K | $1.8M | 10x | as long as short |
| RISEx HOOD/USDC | +0.0421% | 1h | 119.72 | −0.204% | $422K | $1.3M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0503% | 1h | 119.66 | −0.250% | $6K | $53K | 10x | as long as short |
Vest HOOD-USD-PERP
Lighter HOOD
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
GRVT HOOD_USDT_Perp
edgeX HOODUSDC
Phoenix HOOD
Coinbase International HOOD-PERP-INTX
RISEx HOOD/USDC
Deribit HOOD_USDC-PERPETUAL