Funding you earn now, next payment 10:00 UTC−0.0638%/8h= −69.8% APRnext payment −$0.80 per $10,000 · paid last 24h −0.036%
Price spread now: Coinbase International against RISEx−0.461%81s7-day average −0.193% · 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—prices read too far apart to compare
costs, in and out, $10k−$270.274% of the position
Funding, last 4 days (all we have)−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.427%+$43 · spread now −0.461%, 7d avg −0.193%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Coinbase International is 0.268% cheaper against RISEx than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.193%). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.085% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx HOOD/USDC | 122.37 | 0.0862 | pay 0.0108% / 1h | 3m 03s | $456K | $1.4M | 10x |
| Short | Coinbase International HOOD-PERP-INTX | 121.81 | 0.0224 | get 0.0028% / 1h | 3m 03s | $229K | $1.5M | 10x |
RISEx HOOD/USDC
Coinbase International HOOD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against RISEx. 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
- −$133.95
- Price spread: −0.461% → −0.193%
- −$26.84
- Slippage, 4 orders
- −$11.41
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$188.2
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago | 1.63 bp | 4.6 bp −$5 | 6.0 bp −$60 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 3.27 bp | 9.9 bp −$10 | 15.4 bp −$154 | doesn't fit | doesn't fit |
HOOD on 30 exchanges
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 | 122.36 | −0.014% | $110K | $285K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.56 | +0.152% | $3.7M | $7.2M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.60 | +0.185% | $2.7M | $5.9M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.57 | +0.160% | $577K | $6.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.61 | +0.193% | $5.6M | $9.2M | 20x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.60 | +0.185% | $1.0M | $7K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0009% | 1h | 121.69 | −0.559% | $28K | $96K | 30x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.56 | +0.151% | $2.8M | $2.9M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.49 | +0.095% | — | $64K | 25x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 122.51 | +0.111% | $51.7M | $24.7M | 10x | as long as short |
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Phemex HOODUSDT
Injective HOOD/USDC PERP
Lighter HOOD
Vest HOOD-USD-PERP
tradeXYZ xyz:HOODShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.55 | +0.144% | $254K | $340K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.54 | +0.137% | $729 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.57 | +0.160% | $1.3M | $1.2M | 15x | as long as short |
| Variational Omni HOOD | +0.0065% | 8h | 122.18 | −0.156% | $2.3M | $870K | — | as long as short |
| QFEX HOOD-USD | +0.0070% | 1h | 122.69 | +0.258% | $1.3M | $2.8M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.70 | +0.266% | $74K | $115K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.49 | +0.095% | $1.7M | $1.5M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.18 | −0.159% | $5K | $29K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.53 | +0.127% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.56 | +0.155% | $16K | — | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0170% | 8h | 122.07 | −0.248% | $855K | $1.7M | 10x | as long as short |
| Extended HOOD_24_5-USD | +0.0184% | 1h | 122.63 | +0.205% | $467K | $2.6M | 10x | as long as short |
| Binance HOODUSDT | +0.0188% | 8h | 122.62 | +0.201% | $21.3M | $87.3M | 20x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.17 | −0.167% | $28K | $239K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTXshort | +0.0224% | 1h | 121.81 | −0.461% | $229K | $1.5M | 10x | |
| Arcus HOOD-USD | +0.0252% | 1h | 122.65 | +0.225% | $1.1M | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0306% | 8h | 122.60 | +0.185% | $176K | $178K | 20x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0567% | 1h | 122.57 | +0.160% | $6K | $41K | 10x | as long as short |
| RISEx HOOD/USDClong | +0.0862% | 1h | 122.37 | long leg | $456K | $1.4M | 10x | |
| edgeX HOODUSDC | +0.0930% | 4h | 122.20 | −0.140% | $368K | $303K | 10x | as long as short |
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Variational Omni HOOD
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
GRVT HOOD_USDT_Perp
Extended HOOD_24_5-USD
Binance HOODUSDT
Phoenix HOOD
Arcus HOOD-USD
BloFin HOOD-USDT
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC