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Funding arb · Price arb /

HOOD

RWAall HOOD markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.029%
Price spread now: Phoenix against tradeXYZ−0.033%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Long on tradeXYZShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.091%+$9 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.033%, 7d avg +0.049%
Together, before fees+0.107%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.081% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.049%). If the spread goes back, that is −$8 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.091% in total) that is about 6.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:HOOD122.350.0180pay 0.0022% / 1h5m 20s$51.5M$25.5M10x
ShortPhoenix HOOD122.310.0197get 0.0025% / 1h5m 20s$28K$239K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. 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

Funding earned
$3.56
Price spread: −0.033% → +0.049%
−$8.14
Slippage, 4 orders
−$20.48
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$50.06
Costs to cover
0.455%
Break-even
105.4 days
Slippage from tradeXYZ: live order book, 7 min ago; Phoenix: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 7 min ago1.23 bp11.4 bp −$1114.0 bp −$140doesn't fitdoesn't fit
Sell Phoenix live order book, 43 min ago3.28 bp11.7 bp −$1226.0 bp −$260doesn't fitdoesn't fit

HOOD on 30 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HOODUSDT0.0000%8h122.19−0.128%$110K$285K20xas long as short
OKX HOOD-USDT-SWAP0.0000%8h122.350.000%$2.7M$5.9M20xas long as short
Gate HOOD_USDT0.0000%8h122.47+0.098%$584K$6.9M50xas long as short
Bitget HOODUSDT0.0000%8h122.41+0.049%$5.6M$9.1M20xas long as short
Phemex HOODUSDT0.0000%8h122.31−0.033%$1.0M$7K10xas long as short
Bybit HOODUSDT+0.0016%8h122.37+0.016%$3.7M$7.4M25xas long as short
Arcus HOOD-USD+0.0040%1h122.40+0.041%$1.1M$1.9M10xas long as short
Vest HOOD-USD-PERP+0.0046%1h122.19−0.131%—$64K25xas long as short
Polymarket Perps HOOD-USD+0.0050%1h122.34−0.008%$253K$338K10xas long as short
SoDEX HOOD-USD+0.0050%1h122.30−0.045%$728$4K10xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HOOD-USD.P+0.0050%1h122.05−0.245%$1.3M$1.2M15xas long as short
Variational Omni HOOD+0.0058%8h122.46+0.091%$2.3M$906K—as long as short
QFEX HOOD-USD+0.0062%1h122.45+0.082%$1.3M$2.7M10xas long as short
Pacifica HOOD+0.0100%1h122.46+0.092%$73K$113K10xas long as short
KuCoin HOODUSDTM+0.0100%8h122.26−0.074%$1.7M$1.5M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h122.18−0.139%$5K$29K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h122.38+0.025%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h122.37+0.019%$16K—10xas long as short
Coinbase International HOOD-PERP-INTX+0.0176%1h121.81−0.441%$229K$1.6M10xas long as short
tradeXYZ xyz:HOODlong+0.0180%1h122.35long leg$51.5M$25.5M10x
Extended HOOD_24_5-USD+0.0192%1h122.29−0.048%$427K$2.5M10xas long as short
Binance HOODUSDT+0.0195%8h122.33−0.016%$21.3M$87.3M20xas long as short
Phoenix HOODshort+0.0197%1h122.31−0.033%$28K$239K10x
Lighter HOOD+0.0208%1h122.34−0.011%$2.9M$3.0M10xas long as short
edgeX HOODUSDC+0.0224%4h122.16−0.152%$368K$303K10xas long as short
BloFin HOOD-USDT+0.0315%8h122.47+0.098%$175K$181K20xas long as short
GRVT HOOD_USDT_Perp+0.0424%8h122.39+0.033%$859K$1.7M10xas long as short
Injective HOOD/USDC PERP+0.0440%1h121.69−0.539%$28K$96K30xas long as short
Deribit HOOD_USDC-PERPETUAL+0.1058%1h122.44+0.074%$6K$41K10xas long as short
RISEx HOOD/USDC+0.1124%1h122.45+0.082%$438K$1.3M10xas long as short