Funding you earn now, next payment 08:00 UTC+0.0152%/8h= +16.6% APRnext payment +$1.52 per $10,000 · paid last 24h −0.040%
Price spread now: Bybit against Gate+0.017%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$570.565% of the position
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 7 days−0.087%−$9 · spread now +0.017%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.027% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HOOD_USDT | 121.10 | −0.0152 | get 0.0152% / 8h | 2h 48m | $582K | $7.6M | 50x |
| Short | Bybit HOODUSDT | 121.12 | 0 | get 0.0000% / 8h | 2h 48m | $3.8M | $8.9M | 25x |
Gate HOOD_USDT
Bybit HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $31.92
- Price spread: +0.017% → −0.010%
- $2.67
- Slippage, 4 orders
- −$30.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$21.91
- Costs to cover
- 0.565%
- Break-even
- 11.8 days
Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 5 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 Gate live order book, 5 min ago | 3.31 bp | 13.5 bp −$14 | 72.6 bp −$726 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.41 bp | 14.4 bp −$14 | 31.9 bp −$319 | 924.0 bp −$92.4K | 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 | 120.64 | −0.380% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0175% | 8h | 121.12 | +0.017% | $5.4M | $9.8M | 20x | as long as short |
| Gate HOOD_USDTlong | −0.0152% | 8h | 121.10 | long leg | $582K | $7.6M | 50x | |
| Polymarket Perps HOOD-USD | −0.0036% | 1h | 120.91 | −0.157% | $251K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.06 | −0.030% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.06 | −0.033% | $358K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.12 | +0.017% | $20.7M | $91.5M | 20x | as long as short |
| Bybit HOODUSDTshort | 0.0000% | 8h | 121.12 | +0.017% | $3.8M | $8.9M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.07 | −0.025% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.00 | −0.084% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
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 | 120.99 | −0.091% | $849K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.10 | 0.000% | $991K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0012% | 1h | 120.86 | −0.198% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 121.08 | −0.017% | $2.8M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.95 | −0.124% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.05 | −0.041% | $51.3M | $28.3M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.09 | −0.008% | $725 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.89 | −0.173% | $1.2M | $1.5M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 121.03 | −0.058% | $1.3M | $3.1M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0080% | 1h | 121.07 | −0.025% | $6K | $55K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.05 | −0.045% | $67K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.03 | −0.058% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.93 | −0.140% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.07 | −0.025% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.09 | −0.009% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 121.09 | −0.007% | $389K | $1.4M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.07 | −0.025% | $175K | $162K | 20x | as long as short |
| edgeX HOODUSDC | +0.0132% | 4h | 120.86 | −0.202% | $364K | $304K | 10x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.90 | −0.165% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.77 | −0.273% | $193K | $1.8M | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Deribit HOOD_USDC-PERPETUAL
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
edgeX HOODUSDC
Phoenix HOOD
Coinbase International HOOD-PERP-INTX