Funding you earn now, next payment 04:00 UTC+0.0228%/8h= +24.9% APRpaid last 24h +0.029%
Price spread now: Phoenix against Gate+0.041%77s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as 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−$570.571% of the position
Funding, last 7 days+0.256%+$26 on $10k
+Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.041%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.052% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.010%. The two prices were read 77 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 | Gate HOOD_USDT | 121.29 | −0.0096 | get 0.0096% / 8h | 3h 44m | $574K | $7.7M | 50x |
| Short | Phoenix HOOD | 121.34 | 0.0132 | get 0.0016% / 1h | 44m 06s | $27K | $238K | 10x |
Gate HOOD_USDT
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $47.83
- Price spread: +0.041% → −0.010%
- $5.16
- Slippage, 4 orders
- −$35.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$4.08
- Costs to cover
- 0.571%
- Break-even
- 7.6 days
Slippage from Gate: live order book, 4 min ago; Phoenix: live order book, 3 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, 4 min ago | 2.06 bp | 18.9 bp −$19 | 79.5 bp −$795 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 2.47 bp | 10.5 bp −$11 | 22.4 bp −$224 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | −0.0440% | 1h | 121.21 | −0.066% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDTlong | −0.0096% | 8h | 121.29 | long leg | $574K | $7.7M | 50x | |
| Aster HOODUSDT | 0.0000% | 8h | 121.31 | +0.018% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.23 | −0.052% | $357K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.25 | −0.033% | $20.8M | $91.1M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.27 | −0.016% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.28 | −0.008% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.25 | −0.029% | $389K | $1.4M | 10x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.34 | +0.041% | $5.4M | $9.7M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.32 | +0.028% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
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 | 121.19 | −0.086% | $858K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.26 | −0.025% | $992K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0015% | 1h | 121.09 | −0.165% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.25 | −0.033% | $1.3M | $3.4M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.25 | −0.033% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.18 | −0.091% | $51.5M | $28.3M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 121.09 | −0.165% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.22 | −0.059% | $730 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.16 | −0.107% | $1.2M | $1.5M | 15x | as long as short |
| edgeX HOODUSDC | +0.0073% | 4h | 121.33 | +0.033% | $365K | $305K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0080% | 1h | 121.23 | −0.049% | $6K | $57K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.26 | −0.026% | $68K | $109K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.31 | +0.016% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.24 | −0.041% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.23 | −0.049% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.22 | −0.059% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | −0.157% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.34 | +0.041% | $174K | $160K | 20x | as long as short |
| Phoenix HOODshort | +0.0132% | 1h | 121.34 | +0.041% | $27K | $238K | 10x | |
| Lighter HOOD | +0.0184% | 1h | 121.24 | −0.038% | $2.8M | $3.1M | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
Lighter HOOD