Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.014%
Price spread now: Coinbase International against Pacifica−0.098%7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$320.325% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.098%, 7d avg −0.128%
=Together, before fees+0.005%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.030% dearer against Pacifica than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.128%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica HOOD | 121.22 | 0.0100 | pay 0.0013% / 1h | 50m 19s | $68K | $109K | 10x |
| Short | Coinbase International HOOD-PERP-INTX | 121.10 | 0.0120 | get 0.0015% / 1h | 50m 19s | $193K | $1.9M | 10x |
Pacifica HOOD
Coinbase International HOOD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Pacifica. 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
- $4.2
- Price spread: −0.098% → −0.128%
- $3.03
- Slippage, 4 orders
- −$14.49
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$25.26
- Costs to cover
- 0.325%
- Break-even
- 49.1 days
Slippage from Pacifica: live order book, 2 min ago; Coinbase International: live order book, 3 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 Pacifica live order book, 2 min ago | 2.02 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 2.88 bp | 8.2 bp −$8 | 15.2 bp −$152 | 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 | 121.21 | −0.007% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0096% | 8h | 121.24 | +0.017% | $574K | $7.6M | 50x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.24 | +0.014% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.13 | −0.076% | $357K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.18 | −0.032% | $20.8M | $91.0M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.23 | +0.009% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.19 | −0.024% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.23 | +0.013% | $389K | $1.4M | 10x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.23 | +0.009% | $5.4M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.29 | +0.062% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Bitget HOODUSDT
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.50 | +0.232% | $850K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.22 | +0.001% | $992K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0016% | 1h | 121.07 | −0.123% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.23 | +0.009% | $1.3M | $3.5M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0027% | 1h | 121.02 | −0.164% | $251K | $344K | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.34 | +0.100% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.13 | −0.073% | $51.5M | $28.3M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.18 | −0.035% | $732 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.18 | −0.032% | $1.2M | $1.5M | 15x | as long as short |
| Pacifica HOODlong | +0.0100% | 1h | 121.22 | long leg | $68K | $109K | 10x | |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.24 | +0.017% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.41 | +0.158% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.16 | −0.049% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.14 | −0.063% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTXshort | +0.0120% | 1h | 121.10 | −0.098% | $193K | $1.9M | 10x | |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.33 | +0.092% | $174K | $160K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 121.47 | +0.207% | $28K | $238K | 10x | as long as short |
| Lighter HOOD | +0.0224% | 1h | 121.22 | +0.005% | $2.8M | $3.1M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0328% | 1h | 121.19 | −0.024% | $6K | $57K | 10x | as long as short |
| edgeX HOODUSDC | +0.0560% | 4h | 121.49 | +0.224% | $366K | $304K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Polymarket Perps HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Phoenix HOOD
Lighter HOOD
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC