Funding you earn now, next payment 10:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h +0.008%
Price spread now: Coinbase International against Arcus−0.278%7-day average −0.100% · 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−$49as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.278%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.178% cheaper against Arcus than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus HOOD-USD | 122.15 | 0.0252 | pay 0.0032% / 1h | 44m 19s | $1.1M | $1.9M | 10x |
| Short | Coinbase International HOOD-PERP-INTX | 121.81 | 0.0224 | get 0.0028% / 1h | 44m 19s | $229K | $1.6M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Arcus. 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
- −$5.89
- Price spread: −0.278% → −0.100%
- −$17.81
- Slippage, 4 orders
- −$16.45
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$54.64
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 3 min ago; Coinbase International: 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 Arcus live order book, 3 min ago | 0.41 bp | 5.3 bp −$5 | 5.9 bp −$59 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 2.86 bp | 9.0 bp −$9 | 16.4 bp −$164 | 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 | 122.19 | +0.033% | $110K | $285K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.21 | +0.049% | $3.7M | $7.3M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.17 | +0.016% | $2.7M | $5.9M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.19 | +0.033% | $582K | $6.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.19 | +0.033% | $5.6M | $9.1M | 20x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 122.09 | −0.049% | $6K | $41K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.22 | +0.057% | $1.0M | $7K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0009% | 1h | 121.69 | −0.377% | $28K | $96K | 30x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.00 | −0.123% | — | $64K | 25x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 122.17 | +0.016% | $51.5M | $25.4M | 10x | as long as short |
Show all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.07 | −0.065% | $253K | $339K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.16 | +0.008% | $730 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.04 | −0.090% | $1.3M | $1.2M | 15x | as long as short |
| QFEX HOOD-USD | +0.0070% | 1h | 122.17 | +0.016% | $1.3M | $2.7M | 10x | as long as short |
| Lighter HOOD | +0.0072% | 1h | 122.20 | +0.044% | $2.9M | $2.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.18 | +0.028% | $73K | $116K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.29 | +0.115% | $1.7M | $1.5M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.24 | +0.074% | $5K | $29K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.19 | +0.033% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.18 | +0.022% | $16K | — | 10x | as long as short |
| Variational Omni HOOD | +0.0112% | 8h | 122.18 | +0.024% | $2.3M | $875K | — | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.39 | +0.196% | $28K | $239K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTXshort | +0.0224% | 1h | 121.81 | −0.278% | $229K | $1.6M | 10x | |
| Extended HOOD_24_5-USD | +0.0232% | 1h | 122.15 | −0.002% | $469K | $2.6M | 10x | as long as short |
| Binance HOODUSDT | +0.0235% | 8h | 122.21 | +0.049% | $21.3M | $87.1M | 20x | as long as short |
| Arcus HOOD-USDlong | +0.0252% | 1h | 122.15 | long leg | $1.1M | $1.9M | 10x | |
| BloFin HOOD-USDT | +0.0360% | 8h | 122.20 | +0.041% | $175K | $179K | 20x | as long as short |
| edgeX HOODUSDC | +0.0412% | 4h | 122.28 | +0.109% | $368K | $303K | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0481% | 8h | 122.33 | +0.144% | $859K | $1.7M | 10x | as long as short |
| RISEx HOOD/USDC | +0.0862% | 1h | 122.27 | +0.094% | $454K | $1.3M | 10x | as long as short |
Coinbase International HOOD-PERP-INTX
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Injective HOOD/USDC PERP
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Lighter HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Variational Omni HOOD
Phoenix HOOD
Extended HOOD_24_5-USD
Binance HOODUSDT
BloFin HOOD-USDT
edgeX HOODUSDC
GRVT HOOD_USDT_Perp
RISEx HOOD/USDC