Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.007%
Price spread now: Lighter against tradeXYZ+0.028%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now +0.028%, 7d avg +0.045%
=Together, before fees+0.251%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.192%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:HOOD | 121.56 | 0.0050 | pay 0.0006% / 1h | 7m 45s | $51.7M | $28.3M | 10x |
| Short | Lighter HOOD | 121.59 | 0.0032 | get 0.0004% / 1h | 7m 45s | $2.8M | $3.1M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$3.78
- Price spread: +0.028% → +0.045%
- −$1.73
- Slippage, 4 orders
- −$6.28
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.79
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Lighter: live order book, 5 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, 10 min ago | 0.82 bp | 10.9 bp −$11 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.82 bp | 1.0 bp −$1 | 3.6 bp −$36 | 218.8 bp −$21.9K | 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 | 121.28 | −0.230% | $58K | $57K | 30x | as long as short |
| Polymarket Perps HOOD-USD | −0.0106% | 1h | 121.42 | −0.115% | $252K | $344K | 10x | as long as short |
| Gate HOOD_USDT | −0.0070% | 8h | 121.67 | +0.090% | $577K | $7.8M | 50x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.59 | +0.027% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.56 | 0.000% | $361K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.57 | +0.007% | $20.9M | $90.9M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.55 | −0.008% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.58 | +0.016% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.61 | +0.044% | $397K | $1.4M | 10x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.60 | +0.033% | $5.4M | $9.6M | 20x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni HOOD | 0.0000% | 8h | 121.52 | −0.035% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.52 | −0.033% | $857K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.58 | +0.016% | $6K | $56K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.58 | +0.016% | $995K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0017% | 1h | 121.46 | −0.082% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0029% | 1h | 121.62 | +0.049% | $1.3M | $3.6M | 10x | as long as short |
| Lighter HOODshort | +0.0032% | 1h | 121.59 | +0.028% | $2.8M | $3.1M | 10x | |
| Arcus HOOD-USD | +0.0040% | 1h | 121.48 | −0.066% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOODlong | +0.0050% | 1h | 121.56 | long leg | $51.7M | $28.3M | 10x | |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.57 | +0.011% | $734 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.48 | −0.066% | $1.2M | $1.5M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 121.10 | −0.378% | $193K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.57 | +0.009% | $68K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.60 | +0.033% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.43 | −0.107% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.60 | +0.033% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.58 | +0.017% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.60 | +0.033% | $175K | $161K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 121.48 | −0.066% | $28K | $238K | 10x | as long as short |
| edgeX HOODUSDC | +0.0257% | 4h | 121.51 | −0.038% | $366K | $304K | 10x | as long as short |
tradeXYZ xyz:HOOD
Lighter HOOD
Injective HOOD/USDC PERP
Polymarket Perps HOOD-USD
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
SoDEX HOOD-USD
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
BloFin HOOD-USDT
Phoenix HOOD
edgeX HOODUSDC