Funding you earn now, next payment 06:00 UTC+0.0098%/8h= +10.8% APRnext payment +$0.12 per $10,000 · paid last 24h +0.037%
Price spread now: Phoenix against Pacifica+0.087%47s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as 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−$380.378% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.087%, 7d avg +0.025%
=Together, before fees−0.063%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.062% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 47 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 | Pacifica HOOD | 120.65 | 0.0100 | pay 0.0013% / 1h | 55m 56s | $74K | $111K | 10x |
| Short | Phoenix HOOD | 120.76 | 0.0198 | get 0.0025% / 1h | 55m 56s | $28K | $238K | 10x |
Pacifica HOOD
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $20.64
- Price spread: +0.087% → +0.025%
- $6.25
- Slippage, 4 orders
- −$22.85
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$10.96
- Costs to cover
- 0.378%
- Break-even
- 10.7 days
Slippage from Pacifica: live order book, 47 min ago; Phoenix: live order book, 42 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, 47 min ago | 1.49 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 42 min ago | 2.49 bp | 10.2 bp −$10 | 21.7 bp −$217 | 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 | 120.38 | −0.227% | $57K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0172% | 8h | 120.70 | +0.038% | $601K | $7.6M | 50x | as long as short |
| Bitget HOODUSDT | −0.0101% | 8h | 120.76 | +0.087% | $5.5M | $10.0M | 20x | as long as short |
| Polymarket Perps HOOD-USD | −0.0036% | 1h | 120.47 | −0.153% | $251K | $345K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.71 | +0.043% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.67 | +0.009% | $356K | $2.1M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.70 | +0.038% | $20.8M | $92.2M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.66 | +0.005% | $3.7M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.66 | +0.005% | $2.7M | $6.2M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.60 | −0.042% | $2.3M | $1.0M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
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 | 120.64 | −0.013% | $849K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.69 | +0.029% | $987K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0019% | 1h | 120.48 | −0.145% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.60 | −0.045% | $1.1M | $1.7M | 10x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 120.67 | +0.013% | $1.3M | $2.9M | 10x | as long as short |
| Lighter HOOD | +0.0048% | 1h | 120.67 | +0.016% | $2.8M | $3.1M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.65 | −0.004% | $51.3M | $26.9M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.65 | 0.000% | $723 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.59 | −0.053% | $1.2M | $1.4M | 15x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0082% | 1h | 120.66 | +0.005% | $6K | $52K | 10x | as long as short |
| Pacifica HOODlong | +0.0100% | 1h | 120.65 | long leg | $74K | $111K | 10x | |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.67 | +0.013% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.63 | −0.020% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.67 | +0.013% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.66 | +0.003% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.67 | +0.013% | $173K | $165K | 20x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0192% | 1h | 120.67 | +0.013% | $197K | $1.8M | 10x | as long as short |
| Phoenix HOODshort | +0.0198% | 1h | 120.76 | +0.087% | $28K | $238K | 10x | |
| RISEx HOOD/USDC | +0.0479% | 1h | 120.74 | +0.071% | $397K | $1.4M | 10x | as long as short |
| edgeX HOODUSDC | +0.0534% | 4h | 120.67 | +0.012% | $363K | $303K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
Arcus HOOD-USD
QFEX HOOD-USD
Lighter HOOD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Deribit HOOD_USDC-PERPETUAL
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Coinbase International HOOD-PERP-INTX
RISEx HOOD/USDC
edgeX HOODUSDC