Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.011%
Price spread now: Binance against Lighter+0.012%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Funding, last 7 days−0.215%−$21 on $10k
+Price spread, last 2 days (all we have)+0.007%+$1 · spread now +0.012%, 7d avg +0.018%
=Together, before fees−0.208%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HOOD | 121.73 | 0.0032 | pay 0.0004% / 1h | 33m 46s | $2.9M | $3.0M | 10x |
| Short | Binance HOODUSDT | 121.74 | 0 | get 0.0000% / 8h | 6h 33m | $21.1M | $90.8M | 20x |
Lighter HOOD
Binance HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$6.72
- Price spread: +0.012% → +0.018%
- −$0.63
- Slippage, 4 orders
- −$9.72
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.07
- Costs to cover
- 0.197%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Binance: live order book, 9 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 Lighter live order book, 3 min ago | 1.81 bp | 3.5 bp −$4 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.41 bp | 8.1 bp −$8 | 25.4 bp −$254 | 83.8 bp −$8,381 | doesn't fit |
HOOD on 29 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 | −0.0119% | 1h | 121.52 | −0.169% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.73 | +0.003% | $107K | $273K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.73 | +0.006% | $358K | $1.4M | 10x | as long as short |
| Binance HOODUSDTshort | 0.0000% | 8h | 121.74 | +0.012% | $21.1M | $90.8M | 20x | |
| Bybit HOODUSDT | 0.0000% | 8h | 121.77 | +0.036% | $3.9M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.76 | +0.028% | $2.8M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.72 | −0.009% | $374K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.78 | +0.044% | $575K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.82 | +0.077% | $5.4M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.75 | +0.017% | $2.3M | $1.1M | — | 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 HOODShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.45 | −0.229% | $853K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.74 | +0.012% | $996K | $8K | 10x | as long as short |
| Lighter HOODlong | +0.0032% | 1h | 121.73 | long leg | $2.9M | $3.0M | 10x | |
| Vest HOOD-USD-PERP | +0.0033% | 1h | 121.51 | −0.177% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0034% | 1h | 121.66 | −0.054% | $1.3M | $4.0M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.63 | −0.079% | $1.1M | $1.7M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.70 | −0.017% | $733 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.60 | −0.104% | $1.2M | $1.6M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0064% | 1h | 121.42 | −0.251% | $196K | $1.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0077% | 1h | 121.69 | −0.030% | $52.5M | $28.0M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.74 | +0.012% | $68K | $111K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.68 | −0.038% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.55 | −0.145% | $5K | $92K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.69 | −0.030% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.69 | −0.030% | $16K | — | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0186% | 1h | 121.38 | −0.284% | $58K | $57K | 30x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0243% | 1h | 121.71 | −0.013% | $7K | $68K | 10x | as long as short |
| Phoenix HOOD | +0.0261% | 1h | 121.63 | −0.079% | $28K | $237K | 10x | as long as short |
| edgeX HOODUSDC | +0.0374% | 4h | 121.36 | −0.302% | $365K | $304K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Arcus HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Injective HOOD/USDC PERP
Deribit HOOD_USDC-PERPETUAL
Phoenix HOOD
edgeX HOODUSDC