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Funding arb · Price arb /

HOOD

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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.095%
Price spread now: edgeX against Coinbase International+0.017%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Long on Coinbase InternationalShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.197%+$20 on $10k
Price spread, last 3 days (all we have)+0.105%+$11 · spread now +0.017%, 7d avg +0.163%
Together, before fees+0.303%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.146% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.163%). If the spread goes back, that is −$15 on $10k: about 34 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.197% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.197% in total (about 10.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International HOOD-PERP-INTX121.540.0056pay 0.0007% / 1h50m 32s$194K$1.9M10x
ShortedgeX HOODUSDC121.560.0404get 0.0202% / 4h1h 50m$366K$304K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$73.01
Price spread: +0.017% → +0.163%
−$14.57
Slippage, 4 orders
−$22.15
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$17.3
Costs to cover
0.411%
Break-even
5.3 days
Slippage from Coinbase International: live order book, 3 min ago; edgeX: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 3 min ago4.11 bp9.1 bp −$912.8 bp −$128doesn't fitdoesn't fit
Sell edgeX live order book, 13 min ago6.15 bp11.5 bp −$1120.7 bp −$207doesn't fitdoesn't fit

HOOD on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps HOOD-USD−0.0194%1h121.35−0.156%$252K$344K10xas long as short
Aster HOODUSDT0.0000%8h121.60+0.047%$106K$279K20xas long as short
Extended HOOD_24_5-USD0.0000%1h121.55+0.007%$358K$1.3M10xas long as short
Binance HOODUSDT0.0000%8h121.55+0.005%$21.1M$90.2M20xas long as short
Bybit HOODUSDT0.0000%8h121.60+0.049%$3.9M$8.7M25xas long as short
OKX HOOD-USDT-SWAP0.0000%8h121.55+0.008%$2.7M$6.0M20xas long as short
RISEx HOOD/USDC0.0000%1h121.56+0.018%$376K$1.4M10xas long as short
Gate HOOD_USDT0.0000%8h121.64+0.082%$579K$7.7M50xas long as short
Bitget HOODUSDT0.0000%8h121.60+0.049%$5.4M$9.5M20xas long as short
Variational Omni HOOD0.0000%8h121.59+0.042%$2.3M$1.1M—as long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT HOOD_USDT_Perp0.0000%8h121.61+0.057%$858K$2.0M10xas long as short
Deribit HOOD_USDC-PERPETUAL0.0000%1h121.60+0.049%$7K$68K10xas long as short
Phemex HOODUSDT0.0000%8h121.63+0.074%$995K$8K10xas long as short
QFEX HOOD-USD+0.0024%1h121.55+0.008%$1.3M$3.8M10xas long as short
Vest HOOD-USD-PERP+0.0025%1h121.45−0.074%—$62K25xas long as short
Arcus HOOD-USD+0.0040%1h121.57+0.025%$1.1M$1.7M10xas long as short
tradeXYZ xyz:HOOD+0.0050%1h121.52−0.016%$52.0M$28.1M10xas long as short
SoDEX HOOD-USD+0.0050%1h121.58+0.033%$732$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h121.49−0.041%$1.2M$1.5M15xas long as short
Lighter HOOD+0.0056%1h121.60+0.053%$2.8M$3.1M10xas long as short
Coinbase International HOOD-PERP-INTXlong+0.0056%1h121.54long leg$194K$1.9M10x
Pacifica HOOD+0.0100%1h121.60+0.053%$68K$109K10xas long as short
KuCoin HOODUSDTM+0.0100%8h121.62+0.066%$1.3M$1.2M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h121.62+0.066%$5K$41K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h121.59+0.041%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h121.56+0.019%$16K—10xas long as short
Phoenix HOOD+0.0197%1h121.59+0.041%$28K$239K10xas long as short
Injective HOOD/USDC PERP+0.0345%1h121.40−0.115%$58K$57K30xas long as short
edgeX HOODUSDCshort+0.0404%4h121.56+0.017%$366K$304K10x