HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.007%

Price spread now: tradeXYZ against Lighter−0.022%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 7 days−0.065%−$7 · spread now −0.022%, 7d avg −0.045%

Together, before fees−0.257%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.023% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.045%. Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HOOD	121.49	0.0040	pay 0.0005% / 1h	10m 49s	$2.8M	$3.1M	10x
Short	tradeXYZ xyz:HOOD	121.46	0.0050	get 0.0006% / 1h	10m 49s	$51.7M	$28.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.022%Rate

Funding earned: $2.1
Price spread: −0.022% → −0.045%: $2.3
Slippage, 4 orders: −$5.59
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.19
Costs to cover: 0.236%
Break-even: 71.0 days

Slippage from Lighter: live order book, 6 min ago; tradeXYZ: live order book, 7 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, 6 min ago	0.66 bp	0.9 bp −$1	4.7 bp −$47	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.82 bp	10.8 bp −$11	14.0 bp −$140	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	121.28	−0.170%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0104%	1h	121.32	−0.137%	$252K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0064%	8h	121.53	+0.035%	$576K	$7.8M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.49	+0.005%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.49	−0.001%	$361K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.52	+0.027%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.50	+0.011%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.47	−0.014%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.53	+0.040%	$396K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.56	+0.060%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.52	+0.025%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.52	+0.027%	$857K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.51	+0.019%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	121.34	−0.121%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.53	+0.035%	$1.3M	$3.6M	10x	as long as short
Lighter HOODlong	+0.0040%	1h	121.49	long leg	$2.8M	$3.1M	10x
Arcus HOOD-USD	+0.0040%	1h	121.43	−0.047%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOODshort	+0.0050%	1h	121.46	−0.022%	$51.7M	$28.3M	10x
SoDEX HOOD-USD	+0.0050%	1h	121.50	+0.013%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.37	−0.096%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	121.10	−0.319%	$193K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.50	+0.009%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.54	+0.044%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.48	−0.006%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.47	−0.014%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.49	−0.001%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.50	+0.011%	$174K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.48	−0.006%	$28K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0574%	1h	121.52	+0.027%	$6K	$56K	10x	as long as short
edgeX HOODUSDC	+0.0768%	4h	121.50	+0.007%	$366K	$306K	10x	as long as short