HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.015%

Price spread now: Coinbase International against Lighter−0.291%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.291%, 7d avg −0.145%

Together, before fees+0.069%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.146% cheaper against Lighter than usual: you would sell low and buy high (spread −0.291% now, against its 7-day average of −0.145%). If the spread goes back, that is −$15 on $10k: about 8.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HOOD	121.45	0.0040	pay 0.0005% / 1h	11m 30s	$2.8M	$3.1M	10x
Short	Coinbase International HOOD-PERP-INTX	121.10	0.0096	get 0.0012% / 1h	11m 30s	$193K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.291%Rate

Funding earned: $11.76
Price spread: −0.291% → −0.145%: −$14.61
Slippage, 4 orders: −$8.33
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.18
Costs to cover: 0.183%
Break-even: 19.6 days

Slippage from Lighter: live order book, 6 min ago; Coinbase International: live order book, 2 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, 6 min ago	0.66 bp	0.9 bp −$1	4.7 bp −$47	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.88 bp	8.6 bp −$9	14.0 bp −$140	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	121.28	−0.142%	$58K	$57K	30x	as long as short
Polymarket Perps HOOD-USD	−0.0104%	1h	121.32	−0.110%	$252K	$344K	10x	as long as short
Gate HOOD_USDT	−0.0064%	8h	121.54	+0.072%	$577K	$7.8M	50x	as long as short
Aster HOODUSDT	0.0000%	8h	121.47	+0.016%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.51	+0.044%	$361K	$1.3M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.54	+0.072%	$20.9M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.50	+0.039%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.47	+0.014%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.53	+0.068%	$396K	$1.4M	10x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.56	+0.088%	$5.4M	$9.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni HOOD	0.0000%	8h	121.51	+0.050%	$2.3M	$1.1M	—	as long as short
GRVT HOOD_USDT_Perp	0.0000%	8h	121.52	+0.055%	$857K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.53	+0.063%	$994K	$8K	10x	as long as short
Vest HOOD-USD-PERP	+0.0017%	1h	121.34	−0.093%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0029%	1h	121.53	+0.063%	$1.3M	$3.6M	10x	as long as short
Lighter HOODlong	+0.0040%	1h	121.45	long leg	$2.8M	$3.1M	10x
Arcus HOOD-USD	+0.0040%	1h	121.43	−0.019%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	121.46	+0.006%	$51.7M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.49	+0.027%	$734	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.37	−0.068%	$1.2M	$1.5M	15x	as long as short
Coinbase International HOOD-PERP-INTXshort	+0.0096%	1h	121.10	−0.291%	$193K	$1.9M	10x
Pacifica HOOD	+0.0100%	1h	121.50	+0.037%	$68K	$105K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.54	+0.072%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.48	+0.022%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.47	+0.014%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.46	+0.007%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.52	+0.055%	$174K	$161K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.48	+0.022%	$28K	$238K	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0656%	1h	121.49	+0.030%	$6K	$56K	10x	as long as short
edgeX HOODUSDC	+0.0768%	4h	121.50	+0.035%	$366K	$306K	10x	as long as short