Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.008%
Price spread now: KuCoin against tradeXYZ+0.208%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$1001.001% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 7 days−0.213%−$21 · spread now +0.208%, 7d avg +0.052%
=Together, before fees−0.312%+ Points / potential airdroptradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.156% dearer against tradeXYZ than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.099%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:HOOD | 120.11 | 0.0050 | pay 0.0006% / 1h | 33m 52s | $50.7M | $27.2M | 10x |
| Short | KuCoin HOODUSDTM | 120.36 | 0.0100 | get 0.0100% / 8h | 7h 33m | $1.3M | $1.4M | 20x |
tradeXYZ xyz:HOOD
KuCoin HOODUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against tradeXYZ. 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: +0.208% → +0.052%
- $15.58
- Slippage, 4 orders
- −$70.11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$74.03
- Costs to cover
- 1.001%
- Break-even
- 56.4 days
Slippage from tradeXYZ: live order book, 4 min ago; KuCoin: live order book, 2 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 tradeXYZ live order book, 4 min ago | 1.25 bp | 11.3 bp −$11 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 3.32 bp | 39.1 bp −$39 | 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 | 119.92 | −0.158% | $58K | $61K | 30x | as long as short |
| Bitget HOODUSDT | −0.0055% | 8h | 120.22 | +0.092% | $5.5M | $9.8M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.27 | +0.133% | $108K | $284K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.29 | +0.147% | $355K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.19 | +0.067% | $20.8M | $91.5M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.23 | +0.100% | $3.7M | $8.6M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.15 | +0.033% | $2.7M | $6.2M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 120.33 | +0.183% | $601K | $7.0M | 50x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.36 | +0.208% | $2.2M | $980K | — | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 120.31 | +0.167% | $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 HOODUSDT | 0.0000% | 8h | 120.37 | +0.216% | $985K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0006% | 1h | 120.14 | +0.025% | — | $64K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 120.35 | +0.203% | $2.8M | $3.1M | 10x | as long as short |
| QFEX HOOD-USD | +0.0038% | 1h | 120.28 | +0.142% | $1.3M | $2.8M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.24 | +0.108% | $1.1M | $1.8M | 10x | as long as short |
| tradeXYZ xyz:HOODlong | +0.0050% | 1h | 120.11 | long leg | $50.7M | $27.2M | 10x | |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.30 | +0.158% | $251K | $336K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.33 | +0.185% | $717 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.24 | +0.108% | $1.2M | $1.4M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.31 | +0.165% | $74K | $107K | 10x | as long as short |
| KuCoin HOODUSDTMshort | +0.0100% | 8h | 120.36 | +0.208% | $1.3M | $1.4M | 20x | |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.27 | +0.133% | $5K | $36K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.27 | +0.133% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.32 | +0.179% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.41 | +0.250% | $173K | $175K | 20x | as long as short |
| Phoenix HOOD | +0.0133% | 1h | 120.31 | +0.167% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0200% | 1h | 119.88 | −0.191% | $195K | $1.8M | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0243% | 8h | 120.31 | +0.163% | $852K | $1.9M | 10x | as long as short |
| edgeX HOODUSDC | +0.0292% | 4h | 120.34 | +0.192% | $362K | $303K | 10x | as long as short |
| RISEx HOOD/USDC | +0.0421% | 1h | 120.36 | +0.212% | $418K | $1.4M | 10x | as long as short |
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
QFEX HOOD-USD
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
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