Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.043%
Price spread now: OKX against Arcus+0.331%57s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.397% of the position
Funding, last 4 days (all we have)−0.098%−$10 on $10k
+Price spread, last 7 days−0.238%−$24 · spread now +0.331%, 7d avg +0.080%
=The price spread pays, funding is against you. OKX is 0.250% dearer against Arcus than usual: you sell high and buy low (spread +0.331% now, against its 7-day average of +0.080%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 4 days (−0.098% in total) that is about 9.3 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus HOOD-USD | 121.02 | 0.0040 | pay 0.0005% / 1h | 9m 48s | $1.1M | $1.7M | 10x |
| Short | OKX HOOD-USDT-SWAP | 121.42 | 0 | get 0.0000% / 8h | 2h 09m | $2.7M | $6.2M | 20x |
Arcus HOOD-USD
OKX HOOD-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$8.46
- Price spread: +0.331% → +0.080%
- $25.03
- Slippage, 4 orders
- −$25.19
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$23.12
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago | 1.24 bp | 7.5 bp −$8 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.30 bp | 11.4 bp −$11 | 24.0 bp −$240 | 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 | 120.56 | −0.380% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0212% | 8h | 121.40 | +0.314% | $5.5M | $9.9M | 20x | as long as short |
| Gate HOOD_USDT | −0.0167% | 8h | 121.37 | +0.289% | $605K | $7.7M | 50x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.29 | +0.221% | $106K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.31 | +0.236% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.39 | +0.306% | $20.8M | $92.2M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.40 | +0.314% | $3.7M | $8.9M | 25x | as long as short |
| OKX HOOD-USDT-SWAPshort | 0.0000% | 8h | 121.42 | +0.331% | $2.7M | $6.2M | 20x | |
| Variational Omni HOOD | 0.0000% | 8h | 121.31 | +0.239% | $2.3M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.98 | −0.035% | $856K | $2.0M | 10x | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 121.33 | +0.256% | $993K | $9K | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0006% | 1h | 121.10 | +0.066% | $251K | $344K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0010% | 1h | 121.04 | +0.017% | — | $63K | 25x | as long as short |
| Arcus HOOD-USDlong | +0.0040% | 1h | 121.02 | long leg | $1.1M | $1.7M | 10x | |
| Lighter HOOD | +0.0048% | 1h | 121.38 | +0.297% | $2.8M | $3.2M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.28 | +0.215% | $51.5M | $28.0M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.30 | +0.234% | $724 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.25 | +0.190% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 121.28 | +0.215% | $1.3M | $3.0M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.34 | +0.261% | $68K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.24 | +0.182% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.88 | −0.116% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.35 | +0.273% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.31 | +0.236% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 121.33 | +0.260% | $379K | $1.5M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.35 | +0.273% | $174K | $159K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.95 | −0.058% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.34 | −0.562% | $192K | $1.8M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0905% | 1h | 121.34 | +0.264% | $6K | $54K | 10x | as long as short |
| edgeX HOODUSDC | +0.0989% | 4h | 121.02 | −0.001% | $364K | $303K | 10x | as long as short |
Phemex HOODUSDT
Polymarket Perps HOOD-USD
Vest HOOD-USD-PERP
Lighter HOOD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
Phoenix HOOD
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC