Funding you earn now, next payment 23:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.045%
Price spread now: Deribit against Phoenix−0.065%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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. Deribit is 0.065% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.1 days of funding at the current rate (+$1 a day). The two prices were read 70 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 | 122.99 | 0.0196 | pay 0.0024% / 1h | 22m 03s | $28K | $239K | 10x |
| Short | Deribit HOOD_USDC-PERPETUAL | 122.91 | 0.0238 | get 0.0030% / 1h | 22m 03s | $8K | $70K | 10x |
Phoenix HOOD
Deribit HOOD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $9.01
- Price spread: −0.065% → 0.000%
- −$6.5
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$11.5
- Costs to cover
- 0.140%
- Break-even
- 15.9 days
Slippage unknown: Phoenix: live order book, 50 min ago; Deribit: 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 Phoenix live order book, 50 min ago | 2.45 bp | 10.1 bp −$10 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0036% | 1h | 122.82 | −0.138% | $270K | $332K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.93 | −0.050% | $109K | $263K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.93 | −0.049% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.95 | −0.033% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.93 | −0.049% | $384K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.93 | −0.049% | $568K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.96 | −0.024% | $5.5M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.93 | −0.048% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.91 | −0.065% | $868K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.91 | −0.065% | $1.0M | $8K | 10x | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Phemex HOODUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | +0.0008% | 1h | 122.89 | −0.081% | $63K | $50K | 30x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0008% | 1h | 122.84 | −0.122% | $199K | $1.9M | 10x | as long as short |
| Binance HOODUSDT | +0.0012% | 8h | 122.92 | −0.057% | $22.0M | $88.6M | 20x | as long as short |
| Extended HOOD_24_5-USD | +0.0016% | 1h | 122.90 | −0.075% | $411K | $1.1M | 10x | as long as short |
| QFEX HOOD-USD | +0.0027% | 1h | 122.92 | −0.057% | $1.3M | $4.3M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.89 | −0.080% | $2.9M | $2.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.87 | −0.098% | $1.1M | $1.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0044% | 1h | 122.87 | −0.098% | — | $63K | 25x | as long as short |
| BloFin HOOD-USDT | +0.0048% | 8h | 122.91 | −0.065% | $183K | $126K | 20x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.93 | −0.049% | $738 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.89 | −0.081% | $1.2M | $1.7M | 15x | as long as short |
| tradeXYZ xyz:HOOD | +0.0067% | 1h | 122.92 | −0.057% | $52.7M | $29.7M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.93 | −0.049% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.87 | −0.098% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.85 | −0.114% | $5K | $135K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.92 | −0.057% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.89 | −0.080% | $16K | — | 10x | as long as short |
| Phoenix HOODlong | +0.0196% | 1h | 122.99 | long leg | $28K | $239K | 10x | |
| Deribit HOOD_USDC-PERPETUALshort | +0.0238% | 1h | 122.91 | −0.065% | $8K | $70K | 10x | |
| edgeX HOODUSDC | +0.0404% | 4h | 122.90 | −0.076% | $370K | $307K | 10x | as long as short |
Injective HOOD/USDC PERP
Coinbase International HOOD-PERP-INTX
Binance HOODUSDT
Extended HOOD_24_5-USD
QFEX HOOD-USD
Lighter HOOD
Arcus HOOD-USD
Vest HOOD-USD-PERP
BloFin HOOD-USDT
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
edgeX HOODUSDC