Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.032%
Price spread now: Phoenix against KuCoin+0.057%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2062.064% of the position
Funding, last 7 days+0.185%+$19 on $10k
+Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.057%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.042% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HOODUSDTM | 122.89 | 0.0100 | pay 0.0100% / 8h | 41m 01s | $1.3M | $1.1M | 20x |
| Short | Phoenix HOOD | 122.96 | 0.0196 | get 0.0024% / 1h | 41m 01s | $28K | $239K | 10x |
KuCoin HOODUSDTM
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $20.06
- Price spread: +0.057% → +0.015%
- $4.15
- Slippage, 4 orders
- −$187.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$182.24
- Costs to cover
- 2.064%
- Break-even
- 70.6 days
Slippage from KuCoin: live order book, 4 min ago; Phoenix: live order book, 31 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 KuCoin live order book, 4 min ago | 2.03 bp | 61.2 bp −$61 | 329.2 bp −$3,292 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 31 min ago | 2.45 bp | 10.1 bp −$10 | 21.4 bp −$214 | 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 | −0.0102% | 1h | 122.70 | −0.155% | $269K | $332K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | −0.0076% | 1h | 122.82 | −0.057% | $8K | $70K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.85 | −0.036% | $109K | $263K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.86 | −0.024% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.88 | −0.008% | $2.9M | $5.8M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.84 | −0.043% | $388K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.85 | −0.033% | $567K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.85 | −0.033% | $5.6M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.95 | +0.049% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.88 | −0.007% | $868K | $2.0M | 10x | as long as short |
Polymarket Perps HOOD-USD
Deribit HOOD_USDC-PERPETUAL
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 122.84 | −0.041% | $1.0M | $8K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0008% | 1h | 122.91 | +0.016% | $63K | $50K | 30x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0008% | 1h | 122.84 | −0.041% | $199K | $1.9M | 10x | as long as short |
| Extended HOOD_24_5-USD | +0.0016% | 1h | 122.81 | −0.062% | $411K | $1.1M | 10x | as long as short |
| Binance HOODUSDT | +0.0016% | 8h | 122.82 | −0.054% | $22.0M | $88.3M | 20x | as long as short |
| QFEX HOOD-USD | +0.0027% | 1h | 122.82 | −0.057% | $1.3M | $4.2M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.83 | −0.049% | $2.9M | $2.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.78 | −0.090% | $1.1M | $1.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.72 | −0.138% | — | $63K | 25x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 122.84 | −0.041% | $52.7M | $29.8M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.84 | −0.041% | $737 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.75 | −0.114% | $1.2M | $1.7M | 15x | as long as short |
| BloFin HOOD-USDT | +0.0065% | 8h | 122.83 | −0.049% | $182K | $123K | 20x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.86 | −0.023% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTMlong | +0.0100% | 8h | 122.89 | long leg | $1.3M | $1.1M | 20x | |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.88 | −0.008% | $5K | $135K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.83 | −0.049% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.83 | −0.048% | $16K | — | 10x | as long as short |
| Phoenix HOODshort | +0.0196% | 1h | 122.96 | +0.057% | $28K | $239K | 10x | |
| edgeX HOODUSDC | +0.0674% | 4h | 122.93 | +0.029% | $370K | $309K | 10x | as long as short |
Phemex HOODUSDT
Injective HOOD/USDC PERP
Coinbase International HOOD-PERP-INTX
Extended HOOD_24_5-USD
Binance HOODUSDT
QFEX HOOD-USD
Lighter HOOD
Arcus HOOD-USD
Vest HOOD-USD-PERP
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
BloFin HOOD-USDT
Pacifica HOOD
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
edgeX HOODUSDC