Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.020%
Price spread now: Phemex against SoDEX+0.023%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.023% dearer against SoDEX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$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 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX HOOD-USD | 120.31 | 0.0050 | pay 0.0006% / 1h | 37m 20s | $717 | $4K | 10x |
| Short | Phemex HOODUSDT | 120.34 | 0 | get 0.0000% / 8h | 7h 37m | $985K | $8K | 10x |
SoDEX HOOD-USD
Phemex HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against SoDEX. 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: +0.023% → 0.000%
- $2.33
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$28.17
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 45 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 45 min ago | 1.25 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 119.92 | −0.326% | $58K | $61K | 30x | as long as short |
| Bitget HOODUSDT | −0.0069% | 8h | 120.39 | +0.065% | $5.5M | $9.8M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.38 | +0.053% | $108K | $284K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.33 | +0.013% | $355K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.35 | +0.032% | $20.8M | $91.6M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.36 | +0.040% | $3.7M | $8.6M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.32 | +0.007% | $2.7M | $6.2M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 120.35 | +0.032% | $600K | $7.0M | 50x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.28 | −0.031% | $2.2M | $981K | — | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 120.33 | +0.015% | $6K | $53K | 10x | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Variational Omni HOOD
Deribit HOOD_USDC-PERPETUALShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDTshort | 0.0000% | 8h | 120.34 | +0.023% | $985K | $8K | 10x | |
| Vest HOOD-USD-PERP | +0.0007% | 1h | 120.11 | −0.168% | — | $64K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 120.34 | +0.025% | $2.8M | $3.1M | 10x | as long as short |
| QFEX HOOD-USD | +0.0038% | 1h | 120.34 | +0.023% | $1.3M | $2.8M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.28 | −0.027% | $1.1M | $1.8M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.29 | −0.018% | $50.8M | $27.2M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.30 | −0.010% | $251K | $336K | 10x | as long as short |
| SoDEX HOOD-USDlong | +0.0050% | 1h | 120.31 | long leg | $717 | $4K | 10x | |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.20 | −0.093% | $1.2M | $1.4M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.34 | +0.021% | $74K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.37 | +0.048% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.18 | −0.110% | $5K | $36K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.31 | −0.002% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.31 | −0.001% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.38 | +0.057% | $173K | $175K | 20x | as long as short |
| Phoenix HOOD | +0.0133% | 1h | 120.35 | +0.032% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0200% | 1h | 119.88 | −0.359% | $195K | $1.8M | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0243% | 8h | 120.31 | −0.005% | $852K | $1.9M | 10x | as long as short |
| edgeX HOODUSDC | +0.0292% | 4h | 120.34 | +0.024% | $362K | $303K | 10x | as long as short |
| RISEx HOOD/USDC | +0.0421% | 1h | 120.41 | +0.080% | $418K | $1.4M | 10x | as long as short |
Vest HOOD-USD-PERP
Lighter HOOD
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Phoenix HOOD
Coinbase International HOOD-PERP-INTX
GRVT HOOD_USDT_Perp
edgeX HOODUSDC
RISEx HOOD/USDC