Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against Orderly−0.058%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.058% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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 | Orderly PERP_HOOD_USDC_mythos | 121.35 | 0.0100 | pay 0.0100% / 8h | 2h 10m | $2K | $2K | 10x |
| Short | Phemex HOODUSDT | 121.28 | 0 | get 0.0000% / 8h | 2h 10m | $992K | $9K | 10x |
Orderly PERP_HOOD_USDC_mythos
Phemex HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Orderly. 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
- −$21
- Price spread: −0.058% → 0.000%
- −$5.77
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$44.77
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 22 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 22 min ago | 2.07 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 120.56 | −0.651% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0212% | 8h | 121.32 | −0.025% | $5.5M | $9.9M | 20x | as long as short |
| Gate HOOD_USDT | −0.0167% | 8h | 121.32 | −0.025% | $605K | $7.7M | 50x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.21 | −0.113% | $106K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.29 | −0.052% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.32 | −0.025% | $20.8M | $92.1M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.31 | −0.033% | $3.7M | $8.9M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.33 | −0.016% | $2.7M | $6.2M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.31 | −0.034% | $2.3M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.98 | −0.306% | $856K | $2.0M | 10x | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
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 HOODUSDTshort | 0.0000% | 8h | 121.28 | −0.058% | $992K | $9K | 10x | |
| Polymarket Perps HOOD-USD | +0.0006% | 1h | 121.10 | −0.206% | $251K | $344K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0010% | 1h | 121.04 | −0.255% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 121.25 | −0.085% | $2.8M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.02 | −0.272% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.20 | −0.124% | $51.4M | $28.1M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.22 | −0.108% | $724 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.00 | −0.288% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 121.28 | −0.058% | $1.3M | $3.0M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.26 | −0.076% | $68K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.16 | −0.157% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.88 | −0.387% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythoslong | +0.0100% | 8h | 121.35 | long leg | $2K | $2K | 10x | |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.27 | −0.067% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 121.33 | −0.013% | $379K | $1.5M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.35 | 0.000% | $174K | $159K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.95 | −0.330% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.34 | −0.832% | $192K | $1.8M | 10x | as long as short |
| edgeX HOODUSDC | +0.0989% | 4h | 121.02 | −0.273% | $364K | $303K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.1071% | 1h | 121.29 | −0.049% | $6K | $55K | 10x | as long as short |
Polymarket Perps HOOD-USD
Vest HOOD-USD-PERP
Lighter HOOD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
Phoenix HOOD
Coinbase International HOOD-PERP-INTX
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL