Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.056%
Price spread now: Bybit against BloFin−0.132%112s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.445% of the position
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.132%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.109% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 112 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 | BloFin HOOD-USDT | 121.25 | 0.0120 | pay 0.0120% / 8h | 3h 41m | $174K | $160K | 20x |
| Short | Bybit HOODUSDT | 121.09 | 0 | get 0.0000% / 8h | 3h 41m | $3.9M | $8.7M | 25x |
BloFin HOOD-USDT
Bybit HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$25.2
- Price spread: −0.132% → −0.023%
- −$10.92
- Slippage, 4 orders
- −$21.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.66
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 49 min ago; Bybit: 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 BloFin live order book, 49 min ago | 0.41 bp | 10.5 bp −$11 | 17.0 bp −$170 | 36.6 bp −$3,655 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.65 bp | 11.8 bp −$12 | 27.8 bp −$278 | 984.5 bp −$98.5K | 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 | 121.21 | −0.033% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0103% | 8h | 121.12 | −0.107% | $573K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0017% | 8h | 121.16 | −0.074% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.12 | −0.110% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.05 | −0.169% | $357K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.09 | −0.132% | $20.8M | $91.1M | 20x | as long as short |
| Bybit HOODUSDTshort | 0.0000% | 8h | 121.09 | −0.132% | $3.9M | $8.7M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.07 | −0.148% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.09 | −0.132% | $383K | $1.4M | 10x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.32 | +0.061% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.28 | +0.023% | $848K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.20 | −0.041% | $991K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0015% | 1h | 120.95 | −0.247% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.08 | −0.140% | $1.3M | $3.4M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.17 | −0.066% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.03 | −0.181% | $51.4M | $28.4M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.91 | −0.280% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.17 | −0.067% | $729 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.00 | −0.206% | $1.2M | $1.5M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.14 | −0.092% | $68K | $109K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.17 | −0.066% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.14 | −0.091% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.09 | −0.132% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.15 | −0.082% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | −0.124% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDTlong | +0.0120% | 8h | 121.25 | long leg | $174K | $160K | 20x | |
| Phoenix HOOD | +0.0132% | 1h | 121.18 | −0.058% | $27K | $238K | 10x | as long as short |
| Lighter HOOD | +0.0184% | 1h | 121.16 | −0.076% | $2.8M | $3.2M | 10x | as long as short |
| edgeX HOODUSDC | +0.0244% | 4h | 121.22 | −0.028% | $365K | $303K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0493% | 1h | 121.17 | −0.066% | $6K | $57K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
Phoenix HOOD
Lighter HOOD
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL