Funding you earn now, next payment 06:00 UTC+0.0590%/8h= +64.6% APRnext payment +$0.74 per $10,000 · paid last 24h +0.039%
Price spread now: Phoenix against Injective−0.008%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.407%+$41 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.407% in total (about 21.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 per $10,000. 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 | Injective HOOD/USDC PERP | 120.80 | −0.0392 | get 0.0049% / 1h | 39m 50s | $58K | $57K | 30x |
| Short | Phoenix HOOD | 120.79 | 0.0198 | get 0.0025% / 1h | 39m 50s | $28K | $238K | 10x |
Injective HOOD/USDC PERP
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $123.98
- Price spread: −0.008% → 0.000%
- −$0.83
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $116.13
- Costs to cover
- 0.070%
- Break-even
- 0.4 days
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 63 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 63 min ago | 3.31 bp | 11.8 bp −$12 | 25.0 bp −$250 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPlong | −0.0392% | 1h | 120.80 | long leg | $58K | $57K | 30x | |
| Gate HOOD_USDT | −0.0176% | 8h | 120.68 | −0.099% | $599K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0117% | 8h | 120.73 | −0.058% | $5.4M | $10.0M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.69 | −0.087% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.63 | −0.140% | $356K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.65 | −0.124% | $20.8M | $92.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.65 | −0.124% | $3.7M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.64 | −0.132% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.71 | −0.075% | $2.3M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.80 | −0.004% | $853K | $2.0M | 10x | as long as short |
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
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 | 120.68 | −0.099% | $987K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0016% | 1h | 120.47 | −0.273% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.66 | −0.116% | $1.1M | $1.7M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.51 | −0.240% | $250K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.64 | −0.137% | $720 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.75 | −0.041% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0062% | 1h | 120.69 | −0.091% | $1.3M | $3.0M | 10x | as long as short |
| Lighter HOOD | +0.0088% | 1h | 120.65 | −0.123% | $2.8M | $3.2M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.69 | −0.090% | $67K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.72 | −0.066% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.70 | −0.083% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.66 | −0.116% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.64 | −0.135% | $16K | — | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0119% | 1h | 120.59 | −0.174% | $51.3M | $27.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.75 | −0.041% | $175K | $160K | 20x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0165% | 1h | 120.66 | −0.116% | $6K | $52K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.60 | −0.166% | $196K | $1.8M | 10x | as long as short |
| Phoenix HOODshort | +0.0198% | 1h | 120.79 | −0.008% | $28K | $238K | 10x | |
| RISEx HOOD/USDC | +0.0365% | 1h | 120.77 | −0.029% | $374K | $1.4M | 10x | as long as short |
| edgeX HOODUSDC | +0.0510% | 4h | 120.75 | −0.039% | $363K | $305K | 10x | as long as short |
Phemex HOODUSDT
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Lighter HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
tradeXYZ xyz:HOOD
BloFin HOOD-USDT
Deribit HOOD_USDC-PERPETUAL
Coinbase International HOOD-PERP-INTX
RISEx HOOD/USDC
edgeX HOODUSDC