HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.014%

Price spread now: Coinbase International against Lighter+0.141%7-day average −0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs+$11as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.141%, 7d avg −0.146%

Together, before fees−0.382%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.288% dearer against Lighter than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of −0.146%): +$29 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HOOD	120.93	0.0168	pay 0.0021% / 1h	22m 03s	$2.8M	$3.2M	10x
Short	Coinbase International HOOD-PERP-INTX	121.10	0.0120	get 0.0015% / 1h	22m 03s	$193K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$10.08
Price spread: +0.141% → −0.146%: $28.76
Slippage, 4 orders: −$8.06
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $0.61
Costs to cover: 0.181%
Break-even: from the start

Slippage from Lighter: live order book, 5 min ago; Coinbase International: 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	0.54 bp	0.7 bp −$1	3.6 bp −$36	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.89 bp	8.6 bp −$9	13.7 bp −$137	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	−0.032%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0130%	8h	120.97	+0.034%	$571K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0107%	8h	121.14	+0.174%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.93	+0.002%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.87	−0.045%	$360K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.96	+0.027%	$20.7M	$91.2M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.92	−0.007%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.95	+0.017%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	120.95	+0.017%	$382K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.08	+0.123%	$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	121.11	+0.148%	$849K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.01	+0.067%	$990K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0016%	1h	120.72	−0.173%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	120.94	+0.009%	$1.3M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.99	+0.050%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.86	−0.057%	$51.3M	$28.4M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	120.76	−0.140%	$251K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.95	+0.021%	$726	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.85	−0.065%	$1.2M	$1.5M	15x	as long as short
Pacifica HOOD	+0.0100%	1h	120.94	+0.012%	$67K	$109K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.98	+0.042%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.08	+0.125%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.88	−0.041%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.90	−0.024%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0120%	1h	121.10	+0.141%	$193K	$1.9M	10x
BloFin HOOD-USDT	+0.0120%	8h	121.05	+0.100%	$174K	$158K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.14	+0.174%	$28K	$238K	10x	as long as short
Lighter HOODlong	+0.0168%	1h	120.93	long leg	$2.8M	$3.2M	10x
Deribit HOOD_USDC-PERPETUAL	+0.0412%	1h	120.92	−0.007%	$6K	$54K	10x	as long as short
edgeX HOODUSDC	+0.0425%	4h	121.18	+0.207%	$365K	$303K	10x	as long as short