HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0176%/8h= −19.2% APRnext payment −$0.22 per $10,000 · paid last 24h +0.013%

Price spread now: Arcus against Lighter−0.097%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.072%+$7 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.097%, 7d avg −0.045%

Together, before fees+0.025%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Arcus is 0.052% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.045%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.072%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HOOD	121.36	0.0216	pay 0.0027% / 1h	47m 32s	$2.8M	$3.1M	10x
Short	Arcus HOOD-USD	121.24	0.0040	get 0.0005% / 1h	47m 32s	$1.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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 LighterbpFee ArcusbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$36.9
Price spread: −0.097% → −0.045%: −$5.24
Slippage, 4 orders: −$17.31
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$63.95
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Arcus: live order book, 2 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 Lighter live order book, 5 min ago	0.91 bp	1.3 bp −$1	3.4 bp −$34	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	0.83 bp	10.2 bp −$10	12.9 bp −$129	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	121.21	−0.122%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0093%	8h	121.39	+0.026%	$575K	$7.7M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.33	−0.019%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.32	−0.034%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.35	−0.007%	$20.8M	$91.1M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.33	−0.023%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.33	−0.023%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.35	−0.004%	$390K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.43	+0.059%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.29	−0.053%	$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	121.19	−0.142%	$858K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.29	−0.056%	$992K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	121.15	−0.171%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.30	−0.048%	$1.3M	$3.4M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0037%	1h	121.16	−0.163%	$251K	$344K	10x	as long as short
Arcus HOOD-USDshort	+0.0040%	1h	121.24	−0.097%	$1.1M	$1.7M	10x
tradeXYZ xyz:HOOD	+0.0050%	1h	121.28	−0.064%	$51.6M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.21	−0.122%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.17	−0.155%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	121.32	−0.031%	$68K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.37	+0.010%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.09	−0.221%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.32	−0.031%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.27	−0.070%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.213%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.24	−0.097%	$174K	$160K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.24	−0.097%	$27K	$238K	10x	as long as short
Lighter HOODlong	+0.0216%	1h	121.36	long leg	$2.8M	$3.1M	10x
Deribit HOOD_USDC-PERPETUAL	+0.0327%	1h	121.31	−0.040%	$6K	$57K	10x	as long as short
edgeX HOODUSDC	+0.0570%	4h	121.19	−0.139%	$365K	$305K	10x	as long as short