Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.004%
Price spread now: Variational Omni against Ondo Perps+0.255%7-day average +0.098% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 7 days−0.270%−$27 · spread now +0.255%, 7d avg +0.098%
=Together, before fees−0.283%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.157% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.255% now, against its 7-day average of +0.098%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 4 days (−0.013% in total) that is about 46 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HOOD-USD.P | 119.60 | 0.0050 | pay 0.0006% / 1h | 25m 54s | $1.2M | $1.4M | 15x |
| Short | Variational Omni HOOD | 119.91 | 0 | get 0.0000% / 8h | 7h 25m | $2.2M | $979K | — |
Ondo Perps HOOD-USD.P
Variational Omni HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. 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
- −$10.58
- Price spread: +0.255% → +0.098%
- $15.72
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $0.14
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 3 min ago | 3.21 bp | doesn't fit | 18.5 bp −$185 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 119.96 | +0.301% | $41K | $69K | 30x | as long as short |
| Bitget HOODUSDT | −0.0018% | 8h | 119.71 | +0.092% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 119.73 | +0.110% | $108K | $284K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 119.66 | +0.048% | $353K | $2.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 119.69 | +0.075% | $20.7M | $91.4M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 119.71 | +0.092% | $3.7M | $8.3M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 119.74 | +0.117% | $2.6M | $6.1M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 119.72 | +0.100% | $593K | $7.0M | 50x | as long as short |
| Variational Omni HOODshort | 0.0000% | 8h | 119.91 | +0.255% | $2.2M | $979K | — | |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 119.65 | +0.042% | $6K | $53K | 10x | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
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 | 119.73 | +0.109% | $980K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0003% | 1h | 119.46 | −0.117% | — | $64K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 119.68 | +0.065% | $2.8M | $3.1M | 10x | as long as short |
| QFEX HOOD-USD | +0.0038% | 1h | 119.68 | +0.067% | $1.3M | $2.8M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 119.67 | +0.059% | $1.1M | $1.8M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 119.64 | +0.033% | $50.4M | $27.2M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 119.70 | +0.084% | $250K | $336K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 119.67 | +0.054% | $847 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.Plong | +0.0050% | 1h | 119.60 | long leg | $1.2M | $1.4M | 15x | |
| Pacifica HOOD | +0.0100% | 1h | 119.73 | +0.113% | $73K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 119.74 | +0.117% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 119.70 | +0.084% | $5K | $36K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 119.70 | +0.084% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 119.67 | +0.062% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 119.79 | +0.159% | $173K | $175K | 20x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0125% | 8h | 119.85 | +0.206% | $847K | $1.9M | 10x | as long as short |
| edgeX HOODUSDC | +0.0128% | 4h | 119.90 | +0.252% | $361K | $304K | 10x | as long as short |
| Phoenix HOOD | +0.0133% | 1h | 119.71 | +0.092% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0200% | 1h | 119.88 | +0.234% | $195K | $1.8M | 10x | as long as short |
| RISEx HOOD/USDC | +0.0421% | 1h | 119.78 | +0.146% | $422K | $1.3M | 10x | as long as short |
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
GRVT HOOD_USDT_Perp
edgeX HOODUSDC
Phoenix HOOD
Coinbase International HOOD-PERP-INTX
RISEx HOOD/USDC