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: BloFin against Bybit+0.304%702s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as 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−$440.437% of the position
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 3 days (all we have)−0.274%−$27 · spread now +0.304%, 7d avg +0.025%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.280% dearer against Bybit than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 702 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 | Bybit HOODUSDT | 121.63 | 0 | get 0.0000% / 8h | 6h 37m | $3.9M | $8.8M | 25x |
| Short | BloFin HOOD-USDT | 122.00 | 0.0120 | get 0.0120% / 8h | 6h 37m | $182K | $162K | 20x |
Bybit HOODUSDT
BloFin HOOD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: +0.304% → +0.025%
- $27.97
- Slippage, 4 orders
- −$20.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $9.42
- Costs to cover
- 0.437%
- Break-even
- 4.4 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 22 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 Bybit live order book, 1 min ago | 2.47 bp | 13.5 bp −$13 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 22 min ago | 1.23 bp | 10.6 bp −$11 | 16.5 bp −$165 | 43.2 bp −$4,323 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0127% | 1h | 121.42 | −0.173% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.58 | −0.045% | $106K | $273K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.56 | −0.054% | $358K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.58 | −0.045% | $21.1M | $90.8M | 20x | as long as short |
| Bybit HOODUSDTlong | 0.0000% | 8h | 121.63 | long leg | $3.9M | $8.8M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.67 | +0.033% | $2.8M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.59 | −0.029% | $373K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.61 | −0.016% | $576K | $7.6M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.68 | +0.041% | $5.4M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.58 | −0.040% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
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 | 121.45 | −0.150% | $853K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.53 | −0.082% | $7K | $68K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.49 | −0.115% | $994K | $8K | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 121.60 | −0.026% | $2.9M | $3.0M | 10x | as long as short |
| QFEX HOOD-USD | +0.0034% | 1h | 121.60 | −0.025% | $1.3M | $4.0M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0034% | 1h | 121.50 | −0.107% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.50 | −0.107% | $1.1M | $1.7M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.47 | −0.132% | $732 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.51 | −0.099% | $1.2M | $1.6M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0064% | 1h | 121.42 | −0.173% | $196K | $1.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0066% | 1h | 121.55 | −0.066% | $52.4M | $28.0M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.61 | −0.016% | $68K | $111K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.57 | −0.049% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.33 | −0.247% | $5K | $92K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.59 | −0.033% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.49 | −0.117% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDTshort | +0.0120% | 8h | 122.00 | +0.304% | $182K | $162K | 20x | |
| Injective HOOD/USDC PERP | +0.0186% | 1h | 121.38 | −0.206% | $58K | $57K | 30x | as long as short |
| Phoenix HOOD | +0.0261% | 1h | 121.74 | +0.090% | $28K | $237K | 10x | as long as short |
| edgeX HOODUSDC | +0.0374% | 4h | 121.36 | −0.223% | $365K | $304K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Lighter HOOD
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Injective HOOD/USDC PERP
Phoenix HOOD
edgeX HOODUSDC