Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.030%
Price spread now: Bybit against Lighter−0.061%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 7 days+0.125%+$13 · spread now −0.061%, 7d avg +0.018%
=Together, before fees−0.130%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.078% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HOOD | 120.38 | 0.0032 | pay 0.0004% / 1h | 35m 47s | $2.8M | $3.1M | 10x |
| Short | Bybit HOODUSDT | 120.31 | 0 | get 0.0000% / 8h | 7h 35m | $3.7M | $8.6M | 25x |
Lighter HOOD
Bybit HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- −$6.72
- Price spread: −0.061% → +0.018%
- −$7.84
- Slippage, 4 orders
- −$20.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$46.24
- Costs to cover
- 0.317%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Bybit: 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, 7 min ago | 2.37 bp | 2.4 bp −$2 | 4.9 bp −$49 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.83 bp | 12.7 bp −$13 | 30.3 bp −$303 | 1062.1 bp −$106.2K | 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 | 119.92 | −0.385% | $58K | $61K | 30x | as long as short |
| Bitget HOODUSDT | −0.0065% | 8h | 120.42 | +0.031% | $5.5M | $9.8M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.37 | −0.012% | $108K | $284K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.32 | −0.051% | $355K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.36 | −0.023% | $20.8M | $91.7M | 20x | as long as short |
| Bybit HOODUSDTshort | 0.0000% | 8h | 120.31 | −0.061% | $3.7M | $8.6M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.32 | −0.052% | $2.7M | $6.2M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 120.32 | −0.052% | $600K | $7.0M | 50x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.36 | −0.019% | $2.2M | $980K | — | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 120.33 | −0.044% | $6K | $53K | 10x | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Variational Omni HOOD
Deribit HOOD_USDC-PERPETUALShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 120.39 | +0.006% | $985K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0007% | 1h | 120.04 | −0.285% | — | $64K | 25x | as long as short |
| Lighter HOODlong | +0.0032% | 1h | 120.38 | long leg | $2.8M | $3.1M | 10x | |
| QFEX HOOD-USD | +0.0038% | 1h | 120.27 | −0.094% | $1.3M | $2.8M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.22 | −0.135% | $1.1M | $1.8M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.31 | −0.061% | $50.8M | $27.2M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.28 | −0.086% | $251K | $336K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.34 | −0.039% | $717 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.20 | −0.152% | $1.2M | $1.4M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.30 | −0.070% | $74K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.37 | −0.011% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.18 | −0.169% | $5K | $36K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.33 | −0.044% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.33 | −0.041% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.38 | −0.002% | $173K | $175K | 20x | as long as short |
| Phoenix HOOD | +0.0133% | 1h | 120.35 | −0.027% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0200% | 1h | 119.88 | −0.418% | $195K | $1.8M | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0243% | 8h | 120.31 | −0.064% | $852K | $1.9M | 10x | as long as short |
| edgeX HOODUSDC | +0.0292% | 4h | 120.34 | −0.035% | $362K | $303K | 10x | as long as short |
| RISEx HOOD/USDC | +0.0421% | 1h | 120.37 | −0.011% | $417K | $1.4M | 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
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Phoenix HOOD
Coinbase International HOOD-PERP-INTX
GRVT HOOD_USDT_Perp
edgeX HOODUSDC
RISEx HOOD/USDC