HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0181%/8h= −19.9% APRnext payment −$0.23 per $10,000 · paid last 24h −0.051%

Price spread now: QFEX against Phoenix+0.065%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Phoenix Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$4 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.065%, 7d avg 0.000%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.065% dearer against Phoenix than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of 0.000%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 3 days (−0.035% in total) that is about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix HOOD	122.96	0.0196	pay 0.0024% / 1h	27m 24s	$28K	$239K	10x
Short	QFEX HOOD-USD	123.04	0.0014	get 0.0002% / 1h	27m 24s	$1.3M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$38.08
Price spread: +0.065% → 0.000%: $6.46
Slippage, 4 orders: −$22.16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$70.78
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from Phoenix: live order book, 40 min ago; QFEX: live order book, 6 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, 40 min ago	4.07 bp	13.2 bp −$13	28.8 bp −$288	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.22 bp	6.4 bp −$6	10.1 bp −$101	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	122.90	−0.045%	$108K	$268K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	123.04	+0.068%	$364K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	123.10	+0.116%	$22.0M	$89.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	123.14	+0.146%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	123.08	+0.098%	$2.9M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	123.03	+0.057%	$379K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	122.98	+0.016%	$576K	$7.8M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	123.09	+0.106%	$5.6M	$9.5M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	122.85	−0.089%	$2.4M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	122.85	−0.092%	$862K	$2.0M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HOODUSDT	0.0000%	8h	122.99	+0.024%	$1.0M	$8K	10x	as long as short
QFEX HOOD-USDshort	+0.0014%	1h	123.04	+0.065%	$1.3M	$4.1M	10x
Vest HOOD-USD-PERP	+0.0040%	1h	122.95	−0.008%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	122.92	−0.033%	$1.1M	$1.8M	10x	as long as short
Polymarket Perps HOOD-USD	+0.0050%	1h	122.98	+0.016%	$265K	$335K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	122.98	+0.017%	$740	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	122.92	−0.033%	$1.2M	$1.6M	15x	as long as short
Lighter HOOD	+0.0096%	1h	123.05	+0.072%	$2.9M	$2.1M	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0096%	1h	122.34	−0.504%	$202K	$1.9M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	122.98	+0.020%	$71K	$110K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	122.99	+0.024%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	122.86	−0.081%	$5K	$107K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	122.95	−0.008%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	122.96	−0.004%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.94	−0.016%	$181K	$115K	20x	as long as short
edgeX HOODUSDC	+0.0138%	4h	122.91	−0.042%	$370K	$309K	10x	as long as short
tradeXYZ xyz:HOOD	+0.0162%	1h	123.07	+0.089%	$52.9M	$27.8M	10x	as long as short
Phoenix HOODlong	+0.0196%	1h	122.96	long leg	$28K	$239K	10x
Injective HOOD/USDC PERP	+0.0213%	1h	122.88	−0.065%	$63K	$49K	30x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0727%	1h	122.96	0.000%	$8K	$69K	10x	as long as short