Funding you earn now, next payment 23:00 UTC−0.0196%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h +0.092%
Price spread now: RISEx against Phoenix−0.093%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 3 days (all we have)+0.127%+$13 on $10k
+Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.093%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and RISEx is 0.131% cheaper against Phoenix than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.039%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.127%, so the current rate has only just turned against you.
| 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 | 38m 50s | $28K | $239K | 10x |
| Short | RISEx HOOD/USDC | 122.85 | 0 | get 0.0000% / 1h | 38m 50s | $388K | $1.4M | 10x |
Phoenix HOOD
RISEx HOOD/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$41.06
- Price spread: −0.093% → +0.039%
- −$13.13
- Slippage, 4 orders
- −$16.49
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$83.67
- Costs to cover
- 0.295%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 33 min ago; RISEx: live order book, 5 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, 33 min ago | 2.45 bp | 10.1 bp −$10 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 1.63 bp | 4.6 bp −$5 | 5.1 bp −$51 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit HOOD_USDC-PERPETUAL | −0.0320% | 1h | 122.76 | −0.163% | $8K | $70K | 10x | as long as short |
| Polymarket Perps HOOD-USD | −0.0114% | 1h | 122.71 | −0.203% | $269K | $332K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.82 | −0.114% | $109K | $263K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.84 | −0.098% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.84 | −0.098% | $2.9M | $5.8M | 20x | as long as short |
| RISEx HOOD/USDCshort | 0.0000% | 1h | 122.85 | −0.093% | $388K | $1.4M | 10x | |
| Gate HOOD_USDT | 0.0000% | 8h | 122.85 | −0.089% | $567K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.84 | −0.098% | $5.6M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.84 | −0.098% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.84 | −0.097% | $868K | $2.0M | 10x | as long as short |
Deribit HOOD_USDC-PERPETUAL
Polymarket Perps HOOD-USD
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
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 | 122.82 | −0.114% | $1.0M | $8K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0008% | 1h | 122.91 | −0.041% | $63K | $50K | 30x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0008% | 1h | 122.84 | −0.098% | $199K | $1.9M | 10x | as long as short |
| Binance HOODUSDT | +0.0013% | 8h | 122.81 | −0.122% | $22.0M | $88.3M | 20x | as long as short |
| Extended HOOD_24_5-USD | +0.0016% | 1h | 122.79 | −0.139% | $411K | $1.1M | 10x | as long as short |
| QFEX HOOD-USD | +0.0027% | 1h | 122.81 | −0.122% | $1.3M | $4.2M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.82 | −0.117% | $2.9M | $2.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.78 | −0.146% | $1.1M | $1.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.72 | −0.195% | — | $63K | 25x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 122.81 | −0.122% | $52.7M | $29.7M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.81 | −0.122% | $737 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.77 | −0.155% | $1.2M | $1.7M | 15x | as long as short |
| BloFin HOOD-USDT | +0.0052% | 8h | 122.83 | −0.106% | $183K | $123K | 20x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.87 | −0.072% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.86 | −0.081% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.83 | −0.106% | $5K | $135K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.83 | −0.106% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.78 | −0.143% | $16K | — | 10x | as long as short |
| Phoenix HOODlong | +0.0196% | 1h | 122.96 | long leg | $28K | $239K | 10x | |
| edgeX HOODUSDC | +0.0401% | 4h | 122.83 | −0.110% | $370K | $307K | 10x | as long as short |
Phemex HOODUSDT
Injective HOOD/USDC PERP
Coinbase International HOOD-PERP-INTX
Binance HOODUSDT
Extended HOOD_24_5-USD
QFEX HOOD-USD
Lighter HOOD
Arcus HOOD-USD
Vest HOOD-USD-PERP
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
BloFin HOOD-USDT
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
edgeX HOODUSDC