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: Phoenix against QFEX−0.065%7-day average 0.000% · 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−$46as in the Price arb table
costs, in and out, $10k−$390.392% of the position
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%
=Funding pays, the price is against you. Phoenix is 0.065% cheaper against QFEX than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of 0.000%). If the spread goes back, that is −$6 on $10k: about 28 hours of funding at the current rate (+$5 a day). 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 | QFEX HOOD-USD | 123.04 | 0.0014 | pay 0.0002% / 1h | 27m 21s | $1.3M | $4.1M | 10x |
| Short | Phoenix HOOD | 122.96 | 0.0196 | get 0.0024% / 1h | 27m 21s | $28K | $239K | 10x |
QFEX HOOD-USD
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against QFEX. 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
- $38.08
- Price spread: −0.065% → 0.000%
- −$6.45
- Slippage, 4 orders
- −$22.16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$7.53
- Costs to cover
- 0.392%
- Break-even
- 8.4 days
Slippage from QFEX: live order book, 6 min ago; Phoenix: live order book, 40 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 QFEX live order book, 6 min ago | 1.22 bp | 6.4 bp −$6 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 40 min ago | 4.07 bp | 13.2 bp −$13 | 28.8 bp −$288 | 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 | 122.93 | −0.086% | $108K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 123.09 | +0.039% | $364K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 123.10 | +0.052% | $22.0M | $89.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 123.14 | +0.081% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 123.08 | +0.033% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 123.03 | −0.008% | $379K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 123.06 | +0.016% | $577K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 123.12 | +0.065% | $5.6M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.85 | −0.154% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.85 | −0.157% | $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 | 123.08 | +0.033% | $1.0M | $8K | 10x | as long as short |
| QFEX HOOD-USDlong | +0.0014% | 1h | 123.04 | long leg | $1.3M | $4.1M | 10x | |
| Vest HOOD-USD-PERP | +0.0040% | 1h | 122.95 | −0.073% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.92 | −0.098% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.98 | −0.049% | $265K | $335K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 123.08 | +0.030% | $741 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.92 | −0.098% | $1.2M | $1.6M | 15x | as long as short |
| Lighter HOOD | +0.0096% | 1h | 123.08 | +0.028% | $2.9M | $2.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 122.34 | −0.569% | $202K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.98 | −0.046% | $71K | $110K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.99 | −0.041% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.86 | −0.146% | $5K | $107K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 123.04 | 0.000% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 123.07 | +0.027% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 123.15 | +0.089% | $181K | $116K | 20x | as long as short |
| edgeX HOODUSDC | +0.0138% | 4h | 122.91 | −0.107% | $370K | $309K | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0162% | 1h | 123.07 | +0.024% | $52.9M | $27.8M | 10x | as long as short |
| Phoenix HOODshort | +0.0196% | 1h | 122.96 | −0.065% | $28K | $239K | 10x | |
| Injective HOOD/USDC PERP | +0.0213% | 1h | 122.88 | −0.130% | $63K | $49K | 30x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0482% | 1h | 123.08 | +0.033% | $8K | $69K | 10x | as long as short |
Phemex HOODUSDT
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
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
tradeXYZ xyz:HOOD
Injective HOOD/USDC PERP
Deribit HOOD_USDC-PERPETUAL