Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against KuCoin−0.033%7-day average +0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.033%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.066% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HOODUSDTM | 120.60 | 0.0100 | pay 0.0100% / 8h | 31m 13s | $1.3M | $1.4M | 20x |
| Short | Phemex HOODUSDT | 120.56 | 0 | get 0.0000% / 8h | 31m 13s | $986K | $8K | 10x |
KuCoin HOODUSDTM
Phemex HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- −$21
- Price spread: −0.033% → +0.033%
- −$6.64
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$51.64
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Phemex: live order book, 56 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 KuCoin live order book, 4 min ago | 2.49 bp | 113.2 bp −$113 | 516.0 bp −$5,160 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 56 min ago | 7.04 bp | doesn't fit | doesn't fit | 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 | 120.48 | −0.100% | $57K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0175% | 8h | 120.58 | −0.017% | $598K | $7.6M | 50x | as long as short |
| Bitget HOODUSDT | −0.0095% | 8h | 120.63 | +0.025% | $5.5M | $9.9M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.57 | −0.021% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.56 | −0.035% | $356K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.56 | −0.033% | $20.8M | $92.0M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.56 | −0.033% | $3.7M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.54 | −0.050% | $2.7M | $6.2M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.66 | +0.047% | $2.2M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.58 | −0.017% | $852K | $2.0M | 10x | as long as short |
Injective HOOD/USDC PERP
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 HOODUSDTshort | 0.0000% | 8h | 120.56 | −0.033% | $986K | $8K | 10x | |
| Polymarket Perps HOOD-USD | +0.0002% | 1h | 120.40 | −0.166% | $251K | $345K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0020% | 1h | 120.38 | −0.182% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.52 | −0.066% | $1.1M | $1.7M | 10x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 120.57 | −0.025% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.49 | −0.091% | $51.1M | $26.9M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.52 | −0.064% | $720 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.49 | −0.091% | $1.3M | $1.4M | 15x | as long as short |
| Lighter HOOD | +0.0088% | 1h | 120.53 | −0.057% | $2.8M | $3.2M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.57 | −0.026% | $74K | $111K | 10x | as long as short |
| KuCoin HOODUSDTMlong | +0.0100% | 8h | 120.60 | long leg | $1.3M | $1.4M | 20x | |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.46 | −0.116% | $5K | $40K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.56 | −0.033% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.54 | −0.049% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.57 | −0.025% | $173K | $175K | 20x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0192% | 1h | 120.47 | −0.108% | $196K | $1.8M | 10x | as long as short |
| Phoenix HOOD | +0.0265% | 1h | 120.55 | −0.041% | $28K | $238K | 10x | as long as short |
| RISEx HOOD/USDC | +0.0479% | 1h | 120.61 | +0.005% | $397K | $1.4M | 10x | as long as short |
| edgeX HOODUSDC | +0.0663% | 4h | 120.58 | −0.015% | $363K | $305K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0746% | 1h | 120.56 | −0.033% | $6K | $52K | 10x | as long as short |
Polymarket Perps HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
QFEX HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
Pacifica HOOD
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Coinbase International HOOD-PERP-INTX
Phoenix HOOD
RISEx HOOD/USDC
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL