Funding you earn now, next payment 08:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.083%
Price spread now: Gate against Phoenix+0.241%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.241%, 7d avg +0.011%
=The price spread pays, funding is against you. Gate is 0.231% dearer against Phoenix than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of +0.011%): +$23 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix HOOD | 120.18 | 0.0133 | pay 0.0017% / 1h | 48m 47s | $28K | $238K | 10x |
| Short | Gate HOOD_USDT | 120.47 | 0 | get 0.0000% / 8h | 7h 48m | $602K | $7.0M | 50x |
Phoenix HOOD
Gate HOOD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$27.9
- Price spread: +0.241% → +0.011%
- $23.06
- Slippage, 4 orders
- −$39.43
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$66.28
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 44 min ago; Gate: live order book, 4 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, 44 min ago | 4.15 bp | 13.0 bp −$13 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.99 bp | 21.4 bp −$21 | 78.0 bp −$780 | 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 | 119.92 | −0.216% | $58K | $61K | 30x | as long as short |
| Bitget HOODUSDT | −0.0128% | 8h | 120.50 | +0.266% | $5.5M | $9.8M | 20x | as long as short |
| GRVT HOOD_USDT_Perp | −0.0124% | 8h | 120.12 | −0.050% | $842K | $1.9M | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.27 | +0.077% | $108K | $284K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.38 | +0.170% | $357K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.41 | +0.195% | $20.8M | $91.7M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.41 | +0.191% | $3.7M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.45 | +0.225% | $2.7M | $6.2M | 20x | as long as short |
| Gate HOOD_USDTshort | 0.0000% | 8h | 120.47 | +0.241% | $602K | $7.0M | 50x | |
| Variational Omni HOOD | 0.0000% | 8h | 120.30 | +0.096% | $2.2M | $986K | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
GRVT HOOD_USDT_Perp
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 120.46 | +0.233% | $986K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0011% | 1h | 120.11 | −0.058% | — | $64K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 120.37 | +0.158% | $2.8M | $3.0M | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0036% | 1h | 120.32 | +0.116% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0038% | 1h | 120.33 | +0.125% | $1.3M | $2.8M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.28 | +0.083% | $1.1M | $1.8M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.42 | +0.200% | $50.9M | $27.3M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.48 | +0.250% | $251K | $343K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.37 | +0.161% | $718 | $4K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.39 | +0.179% | $74K | $111K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.37 | +0.158% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.16 | −0.017% | $5K | $37K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.32 | +0.116% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.43 | +0.208% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.35 | +0.141% | $173K | $175K | 20x | as long as short |
| Phoenix HOODlong | +0.0133% | 1h | 120.18 | long leg | $28K | $238K | 10x | |
| Deribit HOOD_USDC-PERPETUAL | +0.0165% | 1h | 120.43 | +0.208% | $6K | $53K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0200% | 1h | 119.88 | −0.250% | $195K | $1.8M | 10x | as long as short |
| RISEx HOOD/USDC | +0.0421% | 1h | 120.39 | +0.175% | $417K | $1.4M | 10x | as long as short |
| edgeX HOODUSDC | +0.0791% | 4h | 120.08 | −0.087% | $361K | $303K | 10x | as long as short |
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Deribit HOOD_USDC-PERPETUAL
Coinbase International HOOD-PERP-INTX
RISEx HOOD/USDC
edgeX HOODUSDC