Funding you earn now, next payment 10:00 UTC−0.0174%/8h= −19.1% APRnext payment −$0.22 per $10,000 · paid last 24h −0.053%
Price spread now: Polymarket Perps against Coinbase International+0.213%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.213%, 7d avg +0.024%
=The price spread pays, funding is against you. Polymarket Perps is 0.189% dearer against Coinbase International than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.024%): +$19 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HOOD-PERP-INTX | 121.81 | 0.0224 | pay 0.0028% / 1h | 43m 55s | $229K | $1.6M | 10x |
| Short | Polymarket Perps HOOD-USD | 122.07 | 0.0050 | get 0.0006% / 1h | 43m 55s | $253K | $339K | 10x |
Coinbase International HOOD-PERP-INTX
Polymarket Perps HOOD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- −$36.54
- Price spread: +0.213% → +0.024%
- $18.94
- Slippage, 4 orders
- −$14.81
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$50.42
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Polymarket Perps: live order book, 1 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 Coinbase International live order book, 3 min ago | 2.86 bp | 8.1 bp −$8 | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 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 | 122.18 | +0.300% | $110K | $285K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.18 | +0.304% | $3.7M | $7.3M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.17 | +0.296% | $2.7M | $5.9M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.18 | +0.304% | $582K | $6.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.18 | +0.304% | $5.6M | $9.1M | 20x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 122.09 | +0.230% | $6K | $41K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.22 | +0.337% | $1.0M | $7K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0009% | 1h | 121.69 | −0.099% | $28K | $96K | 30x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.00 | +0.156% | — | $64K | 25x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 122.10 | +0.238% | $51.4M | $25.4M | 10x | as long as short |
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Injective HOOD/USDC PERP
Vest HOOD-USD-PERP
tradeXYZ xyz:HOODShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USDshort | +0.0050% | 1h | 122.07 | +0.213% | $253K | $339K | 10x | |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.16 | +0.287% | $730 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.04 | +0.189% | $1.3M | $1.2M | 15x | as long as short |
| Lighter HOOD | +0.0056% | 1h | 122.18 | +0.302% | $2.9M | $2.9M | 10x | as long as short |
| QFEX HOOD-USD | +0.0070% | 1h | 122.17 | +0.296% | $1.3M | $2.7M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.18 | +0.307% | $73K | $116K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.24 | +0.353% | $1.7M | $1.5M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.24 | +0.353% | $5K | $29K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.19 | +0.312% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.18 | +0.302% | $16K | — | 10x | as long as short |
| Variational Omni HOOD | +0.0112% | 8h | 122.18 | +0.303% | $2.3M | $875K | — | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.39 | +0.476% | $28K | $239K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTXlong | +0.0224% | 1h | 121.81 | long leg | $229K | $1.6M | 10x | |
| Extended HOOD_24_5-USD | +0.0232% | 1h | 122.11 | +0.246% | $469K | $2.6M | 10x | as long as short |
| Binance HOODUSDT | +0.0235% | 8h | 122.15 | +0.279% | $21.2M | $87.1M | 20x | as long as short |
| Arcus HOOD-USD | +0.0252% | 1h | 122.15 | +0.279% | $1.1M | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0360% | 8h | 122.20 | +0.320% | $175K | $179K | 20x | as long as short |
| edgeX HOODUSDC | +0.0412% | 4h | 122.28 | +0.389% | $368K | $303K | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0481% | 8h | 122.33 | +0.423% | $859K | $1.7M | 10x | as long as short |
| RISEx HOOD/USDC | +0.0862% | 1h | 122.27 | +0.374% | $454K | $1.3M | 10x | as long as short |
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Variational Omni HOOD
Phoenix HOOD
Extended HOOD_24_5-USD
Binance HOODUSDT
Arcus HOOD-USD
BloFin HOOD-USDT
edgeX HOODUSDC
GRVT HOOD_USDT_Perp
RISEx HOOD/USDC