Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.006%
Price spread now: Phemex against Polymarket Perps+0.174%46s7-day average +0.153% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.174%, 7d avg +0.153%
=The price spread pays, funding is against you. Phemex is 0.021% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of +0.153%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you. The two prices were read 46 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 | Polymarket Perps HOOD-USD | 121.01 | 0.0050 | pay 0.0006% / 1h | 19m 22s | $251K | $344K | 10x |
| Short | Phemex HOODUSDT | 121.22 | 0 | get 0.0000% / 8h | 3h 19m | $992K | $9K | 10x |
Polymarket Perps HOOD-USD
Phemex HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Polymarket Perps. 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
- −$10.5
- Price spread: +0.174% → +0.153%
- $2.08
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$28.42
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 33 min ago; Phemex: live order book, 18 min ago. 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 Polymarket Perps live order book, 33 min ago | 3.30 bp | 7.3 bp −$7 | 7.3 bp −$73 | 9.4 bp −$939 | doesn't fit |
| Sell Phemex live order book, 18 min ago | 2.06 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | −0.0440% | 1h | 120.89 | −0.099% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0123% | 8h | 121.25 | +0.198% | $572K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0112% | 8h | 121.25 | +0.198% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.17 | +0.136% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.17 | +0.129% | $360K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.19 | +0.149% | $20.8M | $91.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.25 | +0.198% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.22 | +0.174% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.23 | +0.178% | $383K | $1.4M | 10x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.18 | +0.139% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.17 | +0.132% | $849K | $2.0M | 10x | as long as short |
| Phemex HOODUSDTshort | 0.0000% | 8h | 121.22 | +0.174% | $992K | $9K | 10x | |
| Vest HOOD-USD-PERP | +0.0016% | 1h | 120.97 | −0.033% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.19 | +0.149% | $1.3M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.07 | +0.050% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.13 | +0.099% | $51.3M | $28.4M | 10x | as long as short |
| Polymarket Perps HOOD-USDlong | +0.0050% | 1h | 121.01 | long leg | $251K | $344K | 10x | |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.21 | +0.162% | $728 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.85 | −0.132% | $1.2M | $1.5M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.20 | +0.155% | $68K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.16 | +0.124% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.06 | +0.041% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.19 | +0.149% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.17 | +0.136% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | +0.074% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.07 | +0.050% | $174K | $159K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.97 | −0.033% | $28K | $238K | 10x | as long as short |
| Lighter HOOD | +0.0168% | 1h | 121.21 | +0.163% | $2.8M | $3.2M | 10x | as long as short |
| edgeX HOODUSDC | +0.0547% | 4h | 121.10 | +0.077% | $364K | $304K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0658% | 1h | 121.24 | +0.190% | $6K | $54K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Vest HOOD-USD-PERP
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
Phoenix HOOD
Lighter HOOD
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL