Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Bybit against Pacifica0.000%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now 0.000%, 7d avg +0.021%
=Together, before fees−0.077%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica HOOD | 121.86 | 0.0100 | pay 0.0013% / 1h | 16m 13s | $68K | $110K | 10x |
| Short | Bybit HOODUSDT | 121.86 | 0 | get 0.0000% / 8h | 6h 16m | $3.9M | $8.8M | 25x |
Pacifica HOOD
Bybit HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Pacifica. 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: 0.000% → +0.021%
- −$2.1
- Slippage, 4 orders
- −$25.7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67.79
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 51 min ago; Bybit: 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 Pacifica live order book, 51 min ago | 3.50 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.46 bp | 13.1 bp −$13 | 31.4 bp −$314 | 924.2 bp −$92.4K | 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 | −0.0127% | 1h | 121.66 | −0.164% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.91 | +0.044% | $107K | $274K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.81 | −0.040% | $359K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.84 | −0.016% | $21.1M | $90.6M | 20x | as long as short |
| Bybit HOODUSDTshort | 0.0000% | 8h | 121.86 | 0.000% | $3.9M | $8.8M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.87 | +0.008% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.86 | −0.002% | $375K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.86 | 0.000% | $576K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.89 | +0.025% | $5.4M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.93 | +0.060% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance 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 | 121.81 | −0.040% | $854K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.86 | 0.000% | $8K | $68K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.86 | 0.000% | $997K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0028% | 1h | 121.75 | −0.090% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 121.85 | −0.008% | $2.9M | $3.1M | 10x | as long as short |
| QFEX HOOD-USD | +0.0034% | 1h | 121.81 | −0.041% | $1.3M | $3.9M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.83 | −0.025% | $1.1M | $1.7M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.82 | −0.034% | $734 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.92 | +0.049% | $1.2M | $1.6M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0064% | 1h | 121.78 | −0.066% | $195K | $1.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0067% | 1h | 121.87 | +0.008% | $52.4M | $28.0M | 10x | as long as short |
| Pacifica HOODlong | +0.0100% | 1h | 121.86 | long leg | $68K | $110K | 10x | |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.93 | +0.058% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.78 | −0.066% | $5K | $91K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.85 | −0.008% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.83 | −0.023% | $16K | — | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0186% | 1h | 121.38 | −0.394% | $58K | $57K | 30x | as long as short |
| Phoenix HOOD | +0.0261% | 1h | 121.96 | +0.082% | $28K | $237K | 10x | as long as short |
| edgeX HOODUSDC | +0.0462% | 4h | 121.79 | −0.055% | $367K | $305K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
QFEX HOOD-USD
Arcus HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
tradeXYZ xyz:HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Injective HOOD/USDC PERP
Phoenix HOOD
edgeX HOODUSDC