Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Phemex+0.319%7-day average −0.105% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 3 days (all we have)−0.387%−$39 · spread now +0.319%, 7d avg −0.105%
=Together, before fees−0.294%+ Points / potential airdropOndo Perps: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.424% dearer against Phemex than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of −0.105%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HOODUSDT | 122.33 | 0 | get 0.0000% / 8h | 7h 00m | $1.0M | $8K | 10x |
| Short | Ondo Perps HOOD-USD.P | 122.72 | 0.0050 | get 0.0006% / 1h | 0m 10s | $1.2M | $1.6M | 15x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phemex. 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
- $10.58
- Price spread: +0.319% → −0.105%
- $42.41
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $36
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 2 min ago; Ondo Perps: no order-book sample. 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 Phemex live order book, 2 min ago | 1.63 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HOODUSDT | 0.0000% | 8h | 122.40 | +0.055% | $107K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.43 | +0.083% | $364K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 122.33 | −0.003% | $21.7M | $89.6M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.34 | +0.008% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.33 | 0.000% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.42 | +0.078% | $376K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.46 | +0.106% | $569K | $7.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.43 | +0.082% | $5.5M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.45 | +0.101% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.73 | +0.327% | $866K | $2.0M | 10x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDTlong | 0.0000% | 8h | 122.33 | long leg | $1.0M | $8K | 10x | |
| QFEX HOOD-USD | +0.0014% | 1h | 122.41 | +0.065% | $1.3M | $4.0M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0038% | 1h | 122.28 | −0.041% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.56 | +0.188% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.28 | −0.041% | $254K | $345K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.38 | +0.041% | $737 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.Pshort | +0.0050% | 1h | 122.72 | +0.319% | $1.2M | $1.6M | 15x | |
| Lighter HOOD | +0.0056% | 1h | 122.35 | +0.016% | $2.9M | $2.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 122.51 | +0.147% | $207K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.44 | +0.087% | $71K | $108K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.49 | +0.131% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.56 | +0.188% | $5K | $107K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.41 | +0.065% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.39 | +0.053% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.42 | +0.074% | $181K | $161K | 20x | as long as short |
| tradeXYZ xyz:HOOD | +0.0127% | 1h | 122.41 | +0.065% | $52.5M | $27.7M | 10x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.60 | +0.221% | $28K | $239K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0213% | 1h | 122.93 | +0.490% | $63K | $49K | 30x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0322% | 1h | 122.42 | +0.074% | $8K | $69K | 10x | as long as short |
| edgeX HOODUSDC | +0.0389% | 4h | 122.58 | +0.204% | $369K | $305K | 10x | as long as short |
Phemex HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Lighter HOOD
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
BloFin HOOD-USDT
tradeXYZ xyz:HOOD
Phoenix HOOD
Injective HOOD/USDC PERP
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC