Funding you earn now, next payment 06:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h +0.105%
Price spread now: edgeX against Pacifica−0.067%52s7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as 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−$410.413% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.067%, 7d avg +0.035%
=Together, before fees+0.310%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.102% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.035%). If the spread goes back, that is −$10 on $10k: about 17 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.177% in total) that is about 4.0 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica HOOD | 120.61 | 0.0100 | pay 0.0013% / 1h | 23m 56s | $67K | $105K | 10x |
| Short | edgeX HOODUSDC | 120.53 | 0.0582 | get 0.0291% / 4h | 2h 23m | $363K | $303K | 10x |
Pacifica HOOD
edgeX HOODUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $101.2
- Price spread: −0.067% → +0.035%
- −$10.17
- Slippage, 4 orders
- −$24.34
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $49.69
- Costs to cover
- 0.413%
- Break-even
- 3.6 days
Slippage from Pacifica: live order book, 24 min ago; edgeX: live order book, 24 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, 24 min ago | 2.77 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 24 min ago | 5.78 bp | 11.1 bp −$11 | 20.9 bp −$209 | 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 | 120.35 | −0.219% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0281% | 8h | 120.70 | +0.071% | $5.4M | $9.8M | 20x | as long as short |
| Gate HOOD_USDT | −0.0171% | 8h | 120.66 | +0.038% | $602K | $7.7M | 50x | as long as short |
| Polymarket Perps HOOD-USD | −0.0048% | 1h | 120.45 | −0.136% | $250K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.63 | +0.017% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.64 | +0.018% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.67 | +0.046% | $20.6M | $91.5M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.67 | +0.046% | $3.7M | $8.9M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.64 | +0.021% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.49 | −0.103% | $2.3M | $1.0M | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.65 | +0.028% | $844K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.66 | +0.038% | $987K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0011% | 1h | 120.40 | −0.178% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 120.56 | −0.042% | $2.8M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.50 | −0.095% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.61 | −0.004% | $51.2M | $27.9M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.60 | −0.014% | $720 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.62 | +0.005% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 120.58 | −0.028% | $1.3M | $3.0M | 10x | as long as short |
| Pacifica HOODlong | +0.0100% | 1h | 120.61 | long leg | $67K | $105K | 10x | |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.62 | +0.005% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.45 | −0.136% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.59 | −0.020% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.57 | −0.036% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 120.65 | +0.026% | $423K | $1.4M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.57 | −0.037% | $174K | $157K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.52 | −0.078% | $28K | $238K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.34 | −0.227% | $192K | $1.8M | 10x | as long as short |
| edgeX HOODUSDCshort | +0.0582% | 4h | 120.53 | −0.067% | $363K | $303K | 10x | |
| Deribit HOOD_USDC-PERPETUAL | +0.0829% | 1h | 120.62 | +0.005% | $6K | $55K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
Lighter HOOD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
Phoenix HOOD
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL