Funding you earn now, next payment 12:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h −0.045%
Price spread now: Polymarket Perps against Arcus+0.024%7-day average −0.096% · 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−$17as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 4 days (all we have)−0.310%−$31 on $10k
+Price spread, last 7 days−0.235%−$23 · spread now +0.024%, 7d avg −0.096%
=The price spread pays, funding is against you. Polymarket Perps is 0.121% dearer against Arcus than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.096%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 4 days (−0.310% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus HOOD-USD | 122.54 | 0.0160 | pay 0.0020% / 1h | 56m 46s | $1.1M | $1.9M | 10x |
| Short | Polymarket Perps HOOD-USD | 122.57 | 0.0050 | get 0.0006% / 1h | 56m 46s | $254K | $340K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$23.06
- Price spread: +0.024% → −0.096%
- $12.05
- Slippage, 4 orders
- −$16.99
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$40.49
- Costs to cover
- 0.295%
- Break-even
- never at this rate
Slippage from Arcus: live order book, just now; Polymarket Perps: live order book, 49 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, just now | 1.63 bp | 6.8 bp −$7 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 49 min ago | 2.46 bp | 8.4 bp −$8 | 8.9 bp −$89 | 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 | 122.58 | +0.033% | $111K | $285K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.50 | −0.033% | $3.7M | $7.2M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.54 | 0.000% | $2.7M | $5.7M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.62 | +0.065% | $577K | $6.6M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.64 | +0.082% | $5.6M | $9.0M | 20x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.58 | +0.033% | $1.0M | $7K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0033% | 1h | 121.69 | −0.694% | $28K | $96K | 30x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 122.51 | −0.024% | $1.3M | $2.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.44 | −0.082% | — | $64K | 25x | as long as short |
| Polymarket Perps HOOD-USDshort | +0.0050% | 1h | 122.57 | +0.024% | $254K | $340K | 10x |
Show all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.46 | −0.065% | $1.3M | $1.2M | 15x | as long as short |
| SoDEX HOOD-USD | +0.0066% | 1h | 122.56 | +0.016% | $729 | $4K | 10x | as long as short |
| Variational Omni HOOD | +0.0082% | 8h | 122.60 | +0.047% | $2.3M | $870K | — | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.43 | −0.090% | $73K | $115K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.51 | −0.024% | $1.7M | $1.5M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.31 | −0.188% | $5K | $29K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.55 | +0.008% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.54 | +0.001% | $16K | — | 10x | as long as short |
| Lighter HOOD | +0.0136% | 1h | 122.51 | −0.027% | $2.8M | $2.9M | 10x | as long as short |
| Arcus HOOD-USDlong | +0.0160% | 1h | 122.54 | long leg | $1.1M | $1.9M | 10x | |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 122.40 | −0.114% | $232K | $1.5M | 10x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.57 | +0.024% | $28K | $239K | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0212% | 8h | 122.63 | +0.073% | $862K | $1.7M | 10x | as long as short |
| Binance HOODUSDT | +0.0223% | 8h | 122.55 | +0.008% | $21.3M | $87.2M | 20x | as long as short |
| Extended HOOD_24_5-USD | +0.0224% | 1h | 122.55 | +0.005% | $467K | $2.6M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0315% | 1h | 122.50 | −0.033% | $51.7M | $24.8M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0338% | 8h | 122.66 | +0.098% | $176K | $179K | 20x | as long as short |
| edgeX HOODUSDC | +0.0729% | 4h | 122.47 | −0.061% | $369K | $301K | 10x | as long as short |
| RISEx HOOD/USDC | +0.0809% | 1h | 122.56 | +0.013% | $457K | $1.4M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0812% | 1h | 122.52 | −0.016% | $6K | $33K | 10x | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Phemex HOODUSDT
Injective HOOD/USDC PERP
SoDEX HOOD-USD
Variational Omni HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Lighter HOOD
Coinbase International HOOD-PERP-INTX
Phoenix HOOD
GRVT HOOD_USDT_Perp
Binance HOODUSDT
Extended HOOD_24_5-USD
tradeXYZ xyz:HOOD
BloFin HOOD-USDT
edgeX HOODUSDC
RISEx HOOD/USDC
Deribit HOOD_USDC-PERPETUAL