Funding you earn now, next payment 23:00 UTC−0.0338%/8h= −37.1% APRpaid last 24h −0.060%
Price spread now: Phoenix against edgeX+0.020%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 3 days (all we have)−0.115%−$12 · spread now +0.020%, 7d avg −0.014%
=Together, before fees−0.252%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.035% dearer against edgeX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.014%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.136% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HOODUSDC | 122.82 | 0.0534 | pay 0.0267% / 4h | 12m 54s | $369K | $309K | 10x |
| Short | Phoenix HOOD | 122.84 | 0.0196 | get 0.0024% / 1h | 12m 54s | $28K | $239K | 10x |
edgeX HOODUSDC
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- −$71.06
- Price spread: +0.020% → −0.014%
- $3.47
- Slippage, 4 orders
- −$26.6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$110.19
- Costs to cover
- 0.426%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 65 min ago; Phoenix: live order book, 59 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 edgeX live order book, 65 min ago | 6.09 bp | 11.1 bp −$11 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 2.45 bp | 10.1 bp −$10 | 21.4 bp −$214 | doesn't fit | 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 | −0.0027% | 1h | 122.68 | −0.110% | $269K | $332K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.82 | +0.003% | $108K | $263K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.84 | +0.018% | $411K | $1.1M | 10x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.87 | +0.045% | $3.9M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.89 | +0.061% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.78 | −0.033% | $382K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.84 | +0.020% | $566K | $7.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.87 | +0.045% | $5.5M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.85 | +0.026% | $2.4M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.83 | +0.016% | $861K | $2.0M | 10x | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 122.86 | +0.037% | $1.0M | $8K | 10x | as long as short |
| Binance HOODUSDT | +0.0002% | 8h | 122.90 | +0.069% | $22.0M | $88.8M | 20x | as long as short |
| Injective HOOD/USDC PERP | +0.0008% | 1h | 122.80 | −0.012% | $63K | $50K | 30x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0008% | 1h | 122.84 | +0.020% | $199K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0009% | 8h | 122.82 | +0.004% | $182K | $125K | 20x | as long as short |
| QFEX HOOD-USD | +0.0027% | 1h | 122.80 | −0.012% | $1.3M | $4.3M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 122.81 | −0.004% | $2.9M | $2.3M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.74 | −0.061% | $1.1M | $1.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0043% | 1h | 122.75 | −0.053% | — | $63K | 25x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.80 | −0.015% | $737 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.72 | −0.077% | $1.2M | $1.7M | 15x | as long as short |
| tradeXYZ xyz:HOOD | +0.0051% | 1h | 122.82 | +0.004% | $52.7M | $29.7M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.78 | −0.032% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.85 | +0.028% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.76 | −0.045% | $5K | $132K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.76 | −0.045% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.80 | −0.014% | $16K | — | 10x | as long as short |
| Phoenix HOODshort | +0.0196% | 1h | 122.84 | +0.020% | $28K | $239K | 10x | |
| edgeX HOODUSDClong | +0.0534% | 4h | 122.82 | long leg | $369K | $309K | 10x | |
| Deribit HOOD_USDC-PERPETUAL | +0.0565% | 1h | 122.86 | +0.037% | $8K | $70K | 10x | as long as short |
Phemex HOODUSDT
Binance HOODUSDT
Injective HOOD/USDC PERP
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
QFEX HOOD-USD
Lighter HOOD
Arcus HOOD-USD
Vest HOOD-USD-PERP
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Deribit HOOD_USDC-PERPETUAL