Funding you earn now, next payment 04:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h −0.026%
Price spread now: Arcus against Phoenix0.000%49s7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.406% of the position
Funding, last 4 days (all we have)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now 0.000%, 7d avg −0.061%
=The price spread pays, funding is against you. Arcus is 0.061% dearer against Phoenix than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.061%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 4 days funding on this pair paid +0.071%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix HOOD | 121.07 | 0.0132 | pay 0.0016% / 1h | 27m 46s | $28K | $238K | 10x |
| Short | Arcus HOOD-USD | 121.07 | 0.0040 | get 0.0005% / 1h | 27m 46s | $1.1M | $1.7M | 10x |
Phoenix HOOD
Arcus HOOD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. 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
- −$19.21
- Price spread: 0.000% → −0.061%
- $6.14
- Slippage, 4 orders
- −$29.12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$53.68
- Costs to cover
- 0.406%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 20 min ago; Arcus: live order book, 1 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 Phoenix live order book, 20 min ago | 2.47 bp | 10.5 bp −$11 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.83 bp | 8.8 bp −$9 | 11.4 bp −$114 | 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 | 120.89 | −0.149% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0117% | 8h | 121.22 | +0.124% | $572K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0085% | 8h | 121.23 | +0.132% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.17 | +0.082% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.16 | +0.075% | $361K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.20 | +0.106% | $20.8M | $91.2M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.21 | +0.116% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.17 | +0.083% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.17 | +0.081% | $383K | $1.4M | 10x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.17 | +0.086% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
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 | 121.17 | +0.083% | $859K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.18 | +0.091% | $991K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0015% | 1h | 120.94 | −0.107% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.13 | +0.050% | $1.3M | $3.2M | 10x | as long as short |
| Arcus HOOD-USDshort | +0.0040% | 1h | 121.07 | 0.000% | $1.1M | $1.7M | 10x | |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.11 | +0.033% | $51.4M | $28.4M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 121.00 | −0.058% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.16 | +0.078% | $729 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.00 | −0.058% | $1.2M | $1.5M | 15x | as long as short |
| edgeX HOODUSDC | +0.0053% | 4h | 121.12 | +0.039% | $364K | $305K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.15 | +0.064% | $68K | $109K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.20 | +0.107% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.06 | −0.008% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.15 | +0.066% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.13 | +0.048% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | +0.025% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.17 | +0.083% | $174K | $158K | 20x | as long as short |
| Phoenix HOODlong | +0.0132% | 1h | 121.07 | long leg | $28K | $238K | 10x | |
| Lighter HOOD | +0.0192% | 1h | 121.12 | +0.043% | $2.8M | $3.2M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0824% | 1h | 121.15 | +0.066% | $6K | $54K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
edgeX HOODUSDC
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
Lighter HOOD
Deribit HOOD_USDC-PERPETUAL