Funding you earn now, next payment 03:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.054%
Price spread now: Ondo Perps against Phoenix+0.025%48s7-day average −0.091% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.025%, 7d avg −0.091%
=Together, before fees−0.232%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.116% dearer against Phoenix than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.091%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days. The two prices were read 48 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 | 121.41 | 0.0132 | pay 0.0016% / 1h | 14m 34s | $28K | $238K | 10x |
| Short | Ondo Perps HOOD-USD.P | 121.44 | 0.0050 | get 0.0006% / 1h | 14m 34s | $1.2M | $1.5M | 15x |
Phoenix HOOD
Ondo Perps HOOD-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.03
- Price spread: +0.025% → −0.091%
- $11.57
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$17.46
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 38 min ago; Ondo Perps: 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, 38 min ago | 3.29 bp | 11.7 bp −$12 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | −0.0440% | 1h | 121.28 | −0.107% | $58K | $57K | 30x | as long as short |
| Polymarket Perps HOOD-USD | −0.0108% | 1h | 121.31 | −0.082% | $252K | $344K | 10x | as long as short |
| Gate HOOD_USDT | −0.0059% | 8h | 121.55 | +0.115% | $577K | $7.8M | 50x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.56 | +0.127% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.49 | +0.069% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.53 | +0.097% | $20.9M | $90.9M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.52 | +0.091% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.52 | +0.091% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.54 | +0.107% | $398K | $1.4M | 10x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.55 | +0.115% | $5.4M | $9.6M | 20x | as long as short |
Injective HOOD/USDC PERP
Polymarket Perps HOOD-USD
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Bitget HOODUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni HOOD | 0.0000% | 8h | 121.51 | +0.085% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.51 | +0.082% | $857K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.50 | +0.074% | $6K | $56K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.50 | +0.074% | $994K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0017% | 1h | 121.31 | −0.082% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0029% | 1h | 121.49 | +0.066% | $1.3M | $3.6M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 121.51 | +0.081% | $2.8M | $3.1M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.43 | +0.016% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.45 | +0.033% | $51.7M | $28.3M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.47 | +0.053% | $733 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.Pshort | +0.0050% | 1h | 121.44 | +0.025% | $1.2M | $1.5M | 15x | |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 121.10 | −0.255% | $193K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.45 | +0.037% | $68K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.58 | +0.140% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.46 | +0.041% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.53 | +0.099% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.48 | +0.054% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.54 | +0.107% | $175K | $162K | 20x | as long as short |
| Phoenix HOODlong | +0.0132% | 1h | 121.41 | long leg | $28K | $238K | 10x | |
| edgeX HOODUSDC | +0.0778% | 4h | 121.51 | +0.083% | $366K | $306K | 10x | as long as short |
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Lighter HOOD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
edgeX HOODUSDC