HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0152%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h −0.033%

Price spread now: Polymarket Perps against Lighter−0.179%45s7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.152% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.501%−$50 on $10k

Price spread, last 7 days+0.133%+$13 · spread now −0.179%, 7d avg −0.134%

Together, before fees−0.368%+ Points / potential airdropLighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.045% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.134%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HOOD	121.60	0.0032	pay 0.0004% / 1h	37m 42s	$2.9M	$3.0M	10x
Short	Polymarket Perps HOOD-USD	121.38	−0.0120	pay 0.0015% / 1h	37m 42s	$252K	$344K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$32.02
Price spread: −0.179% → −0.134%: −$4.49
Slippage, 4 orders: −$7.17
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$51.67
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: live order book, 30 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, 5 min ago	1.85 bp	2.1 bp −$2	8.4 bp −$84	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 30 min ago	1.22 bp	5.2 bp −$5	7.9 bp −$79	10.0 bp −$1,000	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
Polymarket Perps HOOD-USDshort	−0.0120%	1h	121.38	−0.179%	$252K	$344K	10x
Aster HOODUSDT	0.0000%	8h	121.58	−0.015%	$106K	$273K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.55	−0.040%	$358K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.58	−0.013%	$21.1M	$90.9M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.61	+0.010%	$3.9M	$8.8M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.67	+0.059%	$2.8M	$5.9M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.56	−0.035%	$373K	$1.4M	10x	as long as short
Gate HOOD_USDT	0.0000%	8h	121.53	−0.056%	$575K	$7.6M	50x	as long as short
Bitget HOODUSDT	0.0000%	8h	121.57	−0.023%	$5.4M	$9.6M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	121.58	−0.014%	$2.3M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.59	−0.006%	$854K	$2.0M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	0.0000%	1h	121.53	−0.056%	$7K	$68K	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.49	−0.089%	$994K	$8K	10x	as long as short
Lighter HOODlong	+0.0032%	1h	121.60	long leg	$2.9M	$3.0M	10x
QFEX HOOD-USD	+0.0034%	1h	121.54	−0.048%	$1.3M	$4.0M	10x	as long as short
Vest HOOD-USD-PERP	+0.0034%	1h	121.40	−0.163%	—	$63K	25x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.50	−0.081%	$1.1M	$1.7M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.47	−0.105%	$732	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	121.51	−0.072%	$1.2M	$1.6M	15x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0064%	1h	121.42	−0.146%	$196K	$1.9M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0066%	1h	121.55	−0.039%	$52.4M	$28.0M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	121.61	+0.010%	$68K	$111K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.57	−0.023%	$1.3M	$1.1M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.74	+0.117%	$5K	$92K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.59	−0.007%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.49	−0.091%	$16K	—	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	122.00	+0.331%	$182K	$162K	20x	as long as short
Injective HOOD/USDC PERP	+0.0186%	1h	121.38	−0.179%	$58K	$57K	30x	as long as short
Phoenix HOOD	+0.0261%	1h	121.74	+0.117%	$28K	$237K	10x	as long as short
edgeX HOODUSDC	+0.0823%	4h	121.84	+0.197%	$367K	$303K	10x	as long as short