HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0325%/8h= −35.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.029%

Price spread now: Arcus against RISEx−0.165%7-day average −0.102% · 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−$30as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on RISEx Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 5 days (all we have)−0.027%−$3 · spread now −0.165%, 7d avg −0.102%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Arcus is 0.063% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.102%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.044% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HOOD/USDC	121.00	0.0365	pay 0.0046% / 1h	17m 51s	$395K	$1.4M	10x
Short	Arcus HOOD-USD	120.80	0.0040	get 0.0005% / 1h	17m 51s	$1.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against RISEx. 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 RISExbpFee ArcusbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$68.18
Price spread: −0.165% → −0.102%: −$6.28
Slippage, 4 orders: −$13.28
Fee RISEx: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$98.24
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Arcus: live order book, 1 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 RISEx live order book, 1 min ago	0.83 bp	3.8 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit
Sell Arcus live order book, 1 min ago	0.41 bp	7.6 bp −$8	9.0 bp −$90	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	−0.0392%	1h	120.34	−0.545%	$57K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0171%	8h	121.01	+0.009%	$601K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0140%	8h	121.04	+0.034%	$5.5M	$10.0M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	120.88	−0.100%	$106K	$281K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	120.97	−0.024%	$356K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	120.99	−0.008%	$20.8M	$92.3M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.97	−0.024%	$3.7M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	120.96	−0.032%	$2.7M	$6.2M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.95	−0.038%	$2.3M	$1.0M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	120.88	−0.098%	$846K	$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	120.99	−0.008%	$990K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0018%	1h	120.74	−0.214%	—	$63K	25x	as long as short
Arcus HOOD-USDshort	+0.0040%	1h	120.80	−0.165%	$1.1M	$1.7M	10x
Polymarket Perps HOOD-USD	+0.0050%	1h	120.80	−0.165%	$252K	$345K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.98	−0.016%	$722	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.87	−0.107%	$1.2M	$1.4M	15x	as long as short
QFEX HOOD-USD	+0.0062%	1h	120.94	−0.049%	$1.3M	$2.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0088%	1h	120.92	−0.065%	$51.4M	$27.7M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.94	−0.049%	$74K	$112K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	120.88	−0.099%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.89	−0.090%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.01	+0.009%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.97	−0.022%	$16K	—	10x	as long as short
Lighter HOOD	+0.0112%	1h	120.98	−0.018%	$2.8M	$3.2M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.88	−0.099%	$173K	$160K	20x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.60	−0.330%	$196K	$1.8M	10x	as long as short
Phoenix HOOD	+0.0198%	1h	120.85	−0.123%	$28K	$238K	10x	as long as short
RISEx HOOD/USDClong	+0.0365%	1h	121.00	long leg	$395K	$1.4M	10x
Deribit HOOD_USDC-PERPETUAL	+0.0743%	1h	120.99	−0.008%	$6K	$52K	10x	as long as short
edgeX HOODUSDC	+0.0757%	4h	120.87	−0.111%	$364K	$304K	10x	as long as short