HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0308%/8h= −33.8% APRnext payment −$0.39 per $10,000 · paid last 24h −0.012%

Price spread now: Extended against Phoenix−0.084%88s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.494% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.084%, 7d avg −0.013%

Together, before fees+0.019%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.071% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 88 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 -0.101% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 per $10,000. 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	Phoenix HOOD	123.26	0.0388	pay 0.0049% / 1h	15m 47s	$28K	$188K	10x
Short	Extended HOOD_24_5-USD	123.16	0.0080	get 0.0010% / 1h	15m 47s	$417K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee ExtendedbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$64.77
Price spread: −0.084% → −0.013%: −$7.09
Slippage, 4 orders: −$37.36
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$121.23
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from Phoenix: live order book, 61 min ago; Extended: 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 Phoenix live order book, 61 min ago	4.04 bp	12.8 bp −$13	27.8 bp −$278	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.96 bp	12.2 bp −$12	102.7 bp −$1,027	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
Polymarket Perps HOOD-USD	−0.0103%	1h	123.01	−0.203%	$263K	$322K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	123.25	−0.006%	$109K	$262K	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.14	−0.097%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.10	−0.130%	$3.0M	$5.7M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.19	−0.057%	$401K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	123.23	−0.024%	$562K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.09	−0.138%	$5.6M	$9.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	123.33	+0.061%	$2.4M	$1.0M	—	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	123.19	−0.057%	$6K	$80K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	123.18	−0.065%	$1.0M	$8K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	+0.0004%	8h	123.26	+0.001%	$867K	$2.1M	10x	as long as short
Lighter HOOD	+0.0032%	1h	122.93	−0.271%	$2.9M	$2.1M	10x	as long as short
Vest HOOD-USD-PERP	+0.0046%	1h	123.10	−0.130%	—	$63K	25x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	123.16	−0.084%	$739	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	123.10	−0.130%	$1.4M	$1.3M	15x	as long as short
QFEX HOOD-USD	+0.0057%	1h	123.19	−0.057%	$1.3M	$4.1M	10x	as long as short
Binance HOODUSDT	+0.0075%	8h	123.01	−0.199%	$23.6M	$85.2M	20x	as long as short
Extended HOOD_24_5-USDshort	+0.0080%	1h	123.16	−0.084%	$417K	$1.2M	10x
Coinbase International HOOD-PERP-INTX	+0.0080%	1h	123.01	−0.203%	$190K	$1.8M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	123.17	−0.077%	$80K	$103K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	123.25	−0.008%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	123.26	0.000%	$5K	$132K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	123.24	−0.016%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	123.15	−0.089%	$16K	—	10x	as long as short
tradeXYZ xyz:HOOD	+0.0128%	1h	123.03	−0.187%	$52.9M	$29.6M	10x	as long as short
edgeX HOODUSDC	+0.0140%	4h	123.33	+0.059%	$371K	$307K	10x	as long as short
Arcus HOOD-USD	+0.0187%	1h	123.11	−0.122%	$1.1M	$1.7M	10x	as long as short
BloFin HOOD-USDT	+0.0202%	8h	123.24	−0.016%	$186K	$123K	20x	as long as short
Injective HOOD/USDC PERP	+0.0258%	1h	123.34	+0.065%	$63K	$50K	30x	as long as short
Phoenix HOODlong	+0.0388%	1h	123.26	long leg	$28K	$188K	10x