Funding you earn now, next payment 03:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.042%
Price spread now: Injective against Phemex−0.255%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.255% cheaper against Phemex than usual: you would sell low and buy high (spread −0.255% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 2.5 days of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HOODUSDT | 121.67 | 0 | get 0.0000% / 8h | 5h 05m | $995K | $8K | 10x |
| Short | Injective HOOD/USDC PERP | 121.36 | 0.0345 | get 0.0043% / 1h | 5m 29s | $58K | $57K | 30x |
Phemex HOODUSDT
Injective HOOD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phemex. 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
- $72.55
- Price spread: −0.255% → 0.000%
- −$25.48
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $35.05
- Costs to cover
- 0.120%
- Break-even
- 3.6 days
Slippage unknown: Phemex: live order book, 42 min ago; Injective: no order-book sample. 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 Phemex live order book, 42 min ago | 2.06 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0105% | 1h | 121.49 | −0.148% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.71 | +0.036% | $106K | $279K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.62 | −0.044% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.66 | −0.008% | $21.1M | $90.6M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.64 | −0.025% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.60 | −0.058% | $2.7M | $6.1M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.66 | −0.008% | $399K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.69 | +0.016% | $579K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.65 | −0.016% | $5.4M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.63 | −0.032% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
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 | 121.80 | +0.111% | $861K | $2.0M | 10x | as long as short |
| Phemex HOODUSDTlong | 0.0000% | 8h | 121.67 | long leg | $995K | $8K | 10x | |
| QFEX HOOD-USD | +0.0024% | 1h | 121.65 | −0.016% | $1.3M | $3.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0024% | 1h | 121.53 | −0.115% | — | $62K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.67 | 0.000% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.59 | −0.066% | $52.0M | $28.1M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.63 | −0.031% | $733 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.61 | −0.049% | $1.2M | $1.5M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0056% | 1h | 121.54 | −0.107% | $194K | $1.9M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0079% | 1h | 121.61 | −0.049% | $7K | $68K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.61 | −0.052% | $68K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.72 | +0.041% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.72 | +0.041% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.65 | −0.016% | $2K | $2K | 10x | as long as short |
| Lighter HOOD | +0.0104% | 1h | 121.66 | −0.012% | $2.8M | $3.1M | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.61 | −0.049% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.77 | +0.082% | $175K | $162K | 20x | as long as short |
| edgeX HOODUSDC | +0.0152% | 4h | 121.74 | +0.060% | $366K | $304K | 10x | as long as short |
| Phoenix HOOD | +0.0197% | 1h | 121.82 | +0.123% | $28K | $239K | 10x | as long as short |
| Injective HOOD/USDC PERPshort | +0.0345% | 1h | 121.36 | −0.255% | $58K | $57K | 30x |
GRVT HOOD_USDT_Perp
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Lighter HOOD
Aevo HOOD-PERP
BloFin HOOD-USDT
edgeX HOODUSDC
Phoenix HOOD