Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h +0.003%
Price spread now: Extended against Lighter−0.046%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.046%, 7d avg −0.015%
=Together, before fees−0.222%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.030% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HOOD | 121.60 | 0.0056 | pay 0.0007% / 1h | 50m 43s | $2.8M | $3.1M | 10x |
| Short | Extended HOOD_24_5-USD | 121.55 | 0 | get 0.0000% / 1h | 50m 43s | $358K | $1.3M | 10x |
Lighter HOOD
Extended HOOD_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$11.76
- Price spread: −0.046% → −0.015%
- −$3.01
- Slippage, 4 orders
- −$21.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$40.8
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Extended: 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 Lighter live order book, 7 min ago | 0.21 bp | 0.9 bp −$1 | 4.2 bp −$42 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 2.59 bp | 11.3 bp −$11 | 75.7 bp −$757 | doesn't fit | 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 | −0.0182% | 1h | 121.40 | −0.168% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.61 | +0.002% | $106K | $279K | 20x | as long as short |
| Extended HOOD_24_5-USDshort | 0.0000% | 1h | 121.55 | −0.046% | $358K | $1.3M | 10x | |
| Binance HOODUSDT | 0.0000% | 8h | 121.58 | −0.020% | $21.1M | $90.2M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.62 | +0.013% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.60 | −0.003% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.56 | −0.034% | $376K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.64 | +0.030% | $579K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.62 | +0.013% | $5.4M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.59 | −0.010% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Binance HOODUSDT
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 | 121.61 | +0.004% | $858K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.60 | −0.003% | $7K | $68K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.63 | +0.021% | $995K | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0024% | 1h | 121.55 | −0.044% | $1.3M | $3.8M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0025% | 1h | 121.49 | −0.094% | — | $62K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.57 | −0.028% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.59 | −0.012% | $52.0M | $28.1M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.58 | −0.020% | $732 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.49 | −0.094% | $1.2M | $1.5M | 15x | as long as short |
| Lighter HOODlong | +0.0056% | 1h | 121.60 | long leg | $2.8M | $3.1M | 10x | |
| Coinbase International HOOD-PERP-INTX | +0.0056% | 1h | 121.54 | −0.053% | $194K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.60 | +0.001% | $68K | $109K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.62 | +0.013% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.62 | +0.013% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.59 | −0.012% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.56 | −0.034% | $16K | — | 10x | as long as short |
| Phoenix HOOD | +0.0197% | 1h | 121.59 | −0.012% | $28K | $239K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0345% | 1h | 121.40 | −0.168% | $58K | $57K | 30x | as long as short |
| edgeX HOODUSDC | +0.0404% | 4h | 121.56 | −0.035% | $366K | $304K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Phoenix HOOD
Injective HOOD/USDC PERP
edgeX HOODUSDC