Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%
Price spread now: Pacifica against Phoenix−0.101%107s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as 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−$460.461% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 3 days (all we have)+0.119%+$12 · spread now −0.101%, 7d avg −0.020%
=Together, before fees+0.078%+ Points / potential airdropPacifica: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.081% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.020%). Swap the legs. The two prices were read 107 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 | 122.85 | 0.0196 | pay 0.0024% / 1h | 7m 33s | $28K | $239K | 10x |
| Short | Pacifica HOOD | 122.73 | 0.0100 | get 0.0013% / 1h | 7m 33s | $71K | $108K | 10x |
Phoenix HOOD
Pacifica HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$20.09
- Price spread: −0.101% → −0.020%
- −$8.06
- Slippage, 4 orders
- −$31.08
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$74.23
- Costs to cover
- 0.461%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 60 min ago; Pacifica: live order book, 65 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, 60 min ago | 4.07 bp | 13.2 bp −$13 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 65 min ago | 2.56 bp | 10.9 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HOODUSDT | 0.0000% | 8h | 122.76 | −0.076% | $107K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.73 | −0.096% | $364K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 122.76 | −0.073% | $21.8M | $89.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.77 | −0.065% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.81 | −0.033% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.75 | −0.085% | $376K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.75 | −0.081% | $575K | $7.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.83 | −0.016% | $5.5M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.79 | −0.045% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.97 | +0.101% | $862K | $2.0M | 10x | as long as short |
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 122.78 | −0.057% | $1.0M | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0014% | 1h | 122.75 | −0.081% | $1.3M | $4.1M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0039% | 1h | 122.62 | −0.187% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.81 | −0.033% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.60 | −0.204% | $260K | $339K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.75 | −0.082% | $739 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.75 | −0.081% | $1.2M | $1.6M | 15x | as long as short |
| Lighter HOOD | +0.0064% | 1h | 122.73 | −0.101% | $2.9M | $2.1M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0076% | 1h | 122.72 | −0.106% | $8K | $69K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 122.34 | −0.415% | $202K | $1.9M | 10x | as long as short |
| Pacifica HOODshort | +0.0100% | 1h | 122.73 | −0.101% | $71K | $108K | 10x | |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.81 | −0.033% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.76 | −0.073% | $5K | $107K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.76 | −0.073% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.73 | −0.101% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.82 | −0.024% | $181K | $159K | 20x | as long as short |
| tradeXYZ xyz:HOOD | +0.0136% | 1h | 122.72 | −0.106% | $52.7M | $27.7M | 10x | as long as short |
| Phoenix HOODlong | +0.0196% | 1h | 122.85 | long leg | $28K | $239K | 10x | |
| Injective HOOD/USDC PERP | +0.0213% | 1h | 122.93 | +0.065% | $63K | $49K | 30x | as long as short |
| edgeX HOODUSDC | +0.0744% | 4h | 122.83 | −0.018% | $370K | $304K | 10x | as long as short |
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
Deribit HOOD_USDC-PERPETUAL
Coinbase International HOOD-PERP-INTX
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
tradeXYZ xyz:HOOD
Injective HOOD/USDC PERP
edgeX HOODUSDC