HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Pacifica against Lighter+0.008%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.008%, 7d avg −0.019%

Together, before fees−0.185%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.027% dearer against Lighter than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.019%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.6 days. At the pace of the last 7 days (−0.148% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HOOD	121.69	0.0112	pay 0.0014% / 1h	12m 39s	$2.8M	$3.1M	10x
Short	Pacifica HOOD	121.70	0.0100	get 0.0013% / 1h	12m 39s	$68K	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.008%Rate

Funding earned: −$2.52
Price spread: +0.008% → −0.019%: $2.73
Slippage, 4 orders: −$25.1
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.89
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 50 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	1.44 bp	2.3 bp −$2	6.9 bp −$69	doesn't fit	doesn't fit
Sell Pacifica live order book, 50 min ago	6.84 bp	14.6 bp −$15	doesn't fit	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	−0.0117%	1h	121.56	−0.111%	$252K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.75	+0.041%	$106K	$279K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.69	−0.008%	$358K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.71	+0.016%	$21.1M	$90.6M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.69	−0.004%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.78	+0.070%	$2.7M	$6.1M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.72	+0.019%	$381K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.76	+0.053%	$579K	$7.7M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.76	+0.053%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.81	+0.096%	$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	121.73	+0.030%	$860K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.77	+0.062%	$996K	$8K	10x	as long as short
QFEX HOOD-USD	+0.0024%	1h	121.77	+0.062%	$1.3M	$3.7M	10x	as long as short
Vest HOOD-USD-PERP	+0.0025%	1h	121.62	−0.062%	—	$62K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.71	+0.012%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.68	−0.012%	$52.0M	$28.1M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.76	+0.057%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.75	+0.045%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0056%	1h	121.54	−0.127%	$194K	$1.9M	10x	as long as short
Pacifica HOODshort	+0.0100%	1h	121.70	+0.008%	$68K	$106K	10x
KuCoin HOODUSDTM	+0.0100%	8h	121.74	+0.037%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.67	−0.021%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.78	+0.070%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.74	+0.036%	$16K	—	10x	as long as short
Lighter HOODlong	+0.0112%	1h	121.69	long leg	$2.8M	$3.1M	10x
BloFin HOOD-USDT	+0.0120%	8h	121.78	+0.070%	$176K	$162K	20x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0161%	1h	121.72	+0.021%	$7K	$68K	10x	as long as short
Phoenix HOOD	+0.0197%	1h	121.75	+0.045%	$28K	$239K	10x	as long as short
Injective HOOD/USDC PERP	+0.0345%	1h	121.36	−0.275%	$58K	$57K	30x	as long as short
edgeX HOODUSDC	+0.0436%	4h	121.70	+0.005%	$366K	$305K	10x	as long as short