Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.2% APRnext payment −$1.75 per $10,000 · paid last 24h +0.040%
Price spread now: Gate against OKX+0.025%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now +0.025%, 7d avg −0.009%
=The price spread pays, funding is against you. Gate is 0.034% dearer against OKX than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.142% in total) that is about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX HOOD-USDT-SWAP | 120.59 | 0 | get 0.0000% / 8h | 33m 51s | $2.7M | $6.2M | 20x |
| Short | Gate HOOD_USDT | 120.62 | −0.0175 | pay 0.0175% / 8h | 33m 51s | $598K | $7.6M | 50x |
OKX HOOD-USDT-SWAP
Gate HOOD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- −$36.75
- Price spread: +0.025% → −0.009%
- $3.42
- Slippage, 4 orders
- −$41.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$100.19
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Gate: live order book, 5 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 OKX live order book, 4 min ago | 1.24 bp | 12.0 bp −$12 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.14 bp | 21.4 bp −$21 | 178.9 bp −$1,789 | 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 | −0.091% | $57K | $57K | 30x | as long as short |
| Gate HOOD_USDTshort | −0.0175% | 8h | 120.62 | +0.025% | $598K | $7.6M | 50x | |
| Bitget HOODUSDT | −0.0087% | 8h | 120.67 | +0.066% | $5.5M | $9.9M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.60 | +0.008% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.57 | −0.019% | $356K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.61 | +0.017% | $20.8M | $92.0M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.60 | +0.008% | $3.7M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAPlong | 0.0000% | 8h | 120.59 | long leg | $2.7M | $6.2M | 20x | |
| Variational Omni HOOD | 0.0000% | 8h | 120.66 | +0.055% | $2.2M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.75 | +0.133% | $853K | $2.0M | 10x | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
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 HOODUSDT | 0.0000% | 8h | 120.59 | 0.000% | $987K | $8K | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0002% | 1h | 120.44 | −0.124% | $251K | $345K | 10x | as long as short |
| edgeX HOODUSDC | +0.0017% | 4h | 120.74 | +0.124% | $363K | $304K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0019% | 1h | 120.41 | −0.149% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.59 | 0.000% | $1.1M | $1.7M | 10x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 120.59 | 0.000% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.56 | −0.025% | $51.1M | $26.9M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.58 | −0.007% | $722 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.59 | 0.000% | $1.3M | $1.4M | 15x | as long as short |
| Lighter HOOD | +0.0088% | 1h | 120.57 | −0.014% | $2.8M | $3.2M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.58 | −0.012% | $74K | $111K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.58 | −0.008% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.69 | +0.083% | $5K | $40K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.58 | −0.008% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.59 | −0.003% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.68 | +0.075% | $173K | $170K | 20x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0192% | 1h | 120.67 | +0.066% | $197K | $1.8M | 10x | as long as short |
| Phoenix HOOD | +0.0265% | 1h | 120.71 | +0.100% | $28K | $238K | 10x | as long as short |
| RISEx HOOD/USDC | +0.0479% | 1h | 120.62 | +0.028% | $397K | $1.4M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0663% | 1h | 120.59 | 0.000% | $6K | $52K | 10x | as long as short |
Phemex HOODUSDT
Polymarket Perps HOOD-USD
edgeX HOODUSDC
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
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Coinbase International HOOD-PERP-INTX
Phoenix HOOD
RISEx HOOD/USDC
Deribit HOOD_USDC-PERPETUAL