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Funding arb · Price arb /

HOOD

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0143%/8h= −15.7% APRnext payment −$0.18 per $10,000 · paid last 24h −0.035%
Price spread now: Polymarket Perps against Lighter−0.142%45s7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.179% of the position
Long on LighterShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.501%−$50 on $10k
Price spread, last 7 days+0.060%+$6 · spread now −0.142%, 7d avg −0.136%
Together, before fees−0.441%+ Points / potential airdropLighter: Season 3 · farm board−$44 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.136%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter HOOD121.500.0032pay 0.0004% / 1h15m 42s$2.8M$3.1M10x
ShortPolymarket Perps HOOD-USD121.33−0.0111pay 0.0014% / 1h15m 42s$252K$344K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
−$30.07
Price spread: −0.142% → −0.136%
−$0.65
Slippage, 4 orders
−$9.92
Fee Lighter: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$48.65
Costs to cover
0.179%
Break-even
never at this rate
Slippage from Lighter: live order book, 7 min ago; Polymarket Perps: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 7 min ago1.23 bp1.3 bp −$14.1 bp −$41doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 42 min ago2.88 bp6.9 bp −$77.3 bp −$738.8 bp −$882doesn't fit

HOOD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective HOOD/USDC PERP−0.0440%1h121.28−0.184%$58K$57K30xas long as short
Polymarket Perps HOOD-USDshort−0.0111%1h121.33−0.142%$252K$344K10x
Gate HOOD_USDT−0.0055%8h121.53+0.022%$577K$7.8M50xas long as short
Aster HOODUSDT0.0000%8h121.57+0.051%$106K$280K20xas long as short
Extended HOOD_24_5-USD0.0000%1h121.49−0.012%$358K$1.3M10xas long as short
Binance HOODUSDT0.0000%8h121.53+0.019%$20.9M$90.9M20xas long as short
Bybit HOODUSDT0.0000%8h121.52+0.014%$3.9M$8.7M25xas long as short
OKX HOOD-USDT-SWAP0.0000%8h121.52+0.014%$2.7M$6.0M20xas long as short
RISEx HOOD/USDC0.0000%1h121.57+0.055%$398K$1.4M10xas long as short
Bitget HOODUSDT0.0000%8h121.54+0.030%$5.4M$9.6M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni HOOD0.0000%8h121.51+0.009%$2.3M$1.1M—as long as short
GRVT HOOD_USDT_Perp0.0000%8h121.53+0.022%$858K$2.0M10xas long as short
Phemex HOODUSDT0.0000%8h121.53+0.022%$994K$8K10xas long as short
Vest HOOD-USD-PERP+0.0018%1h121.32−0.151%—$63K25xas long as short
QFEX HOOD-USD+0.0029%1h121.48−0.019%$1.3M$3.6M10xas long as short
Lighter HOODlong+0.0032%1h121.50long leg$2.8M$3.1M10x
Arcus HOOD-USD+0.0040%1h121.44−0.052%$1.1M$1.7M10xas long as short
tradeXYZ xyz:HOOD+0.0050%1h121.44−0.052%$51.7M$28.3M10xas long as short
SoDEX HOOD-USD+0.0050%1h121.50−0.002%$734$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h121.44−0.052%$1.2M$1.5M15xas long as short
Coinbase International HOOD-PERP-INTX+0.0096%1h121.10−0.332%$193K$1.9M10xas long as short
Pacifica HOOD+0.0100%1h121.48−0.015%$68K$105K10xas long as short
KuCoin HOODUSDTM+0.0100%8h121.58+0.063%$1.3M$1.2M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h121.52+0.014%$5K$41K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h121.55+0.039%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h121.49−0.010%$16K—10xas long as short
BloFin HOOD-USDT+0.0120%8h121.44−0.052%$175K$162K20xas long as short
Phoenix HOOD+0.0132%1h121.41−0.077%$28K$238K10xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0162%1h121.54+0.030%$6K$56K10xas long as short
edgeX HOODUSDC+0.0422%4h121.54+0.033%$366K$305K10xas long as short