Funding you earn now, next payment 05:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.068%
Price spread now: Aster against Phoenix−0.008%95s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as 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−$1241.241% of the position
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.008%, 7d avg 0.000%
=Together, before fees−0.204%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 95 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 | Phoenix HOOD | 120.59 | 0.0132 | pay 0.0017% / 1h | 25m 57s | $28K | $238K | 10x |
| Short | Aster HOODUSDT | 120.58 | 0 | get 0.0000% / 8h | 2h 25m | $105K | $281K | 20x |
Phoenix HOOD
Aster HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$27.79
- Price spread: −0.008% → 0.000%
- −$0.76
- Slippage, 4 orders
- −$109.13
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$152.69
- Costs to cover
- 1.241%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 17 min ago; Aster: live order book, 21 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 Phoenix live order book, 17 min ago | 3.31 bp | 11.8 bp −$12 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Aster live order book, 21 min ago | 7.03 bp | 46.1 bp −$46 | doesn't fit | 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 | −0.199% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0271% | 8h | 120.57 | −0.017% | $5.4M | $9.8M | 20x | as long as short |
| Gate HOOD_USDT | −0.0171% | 8h | 120.55 | −0.033% | $597K | $7.6M | 50x | as long as short |
| Polymarket Perps HOOD-USD | −0.0051% | 1h | 120.29 | −0.249% | $250K | $344K | 10x | as long as short |
| Aster HOODUSDTshort | 0.0000% | 8h | 120.58 | −0.008% | $105K | $281K | 20x | |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.47 | −0.103% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.57 | −0.021% | $20.6M | $91.6M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.50 | −0.075% | $3.7M | $8.9M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.49 | −0.083% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.49 | −0.083% | $2.3M | $1.0M | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Polymarket Perps HOOD-USD
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 | +0.048% | $844K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.49 | −0.083% | $986K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0012% | 1h | 120.30 | −0.240% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 120.46 | −0.111% | $2.8M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.49 | −0.083% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.50 | −0.075% | $51.1M | $28.4M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.47 | −0.097% | $719 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.53 | −0.050% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 120.48 | −0.091% | $1.3M | $3.0M | 10x | as long as short |
| edgeX HOODUSDC | +0.0075% | 4h | 120.67 | +0.067% | $363K | $306K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.49 | −0.083% | $67K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.55 | −0.033% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.56 | −0.025% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.49 | −0.083% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.46 | −0.109% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 120.52 | −0.054% | $421K | $1.4M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.58 | −0.008% | $174K | $157K | 20x | as long as short |
| Phoenix HOODlong | +0.0132% | 1h | 120.59 | long leg | $28K | $238K | 10x | |
| Deribit HOOD_USDC-PERPETUAL | +0.0165% | 1h | 120.46 | −0.108% | $6K | $55K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.34 | −0.207% | $192K | $1.8M | 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
edgeX HOODUSDC
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
Deribit HOOD_USDC-PERPETUAL
Coinbase International HOOD-PERP-INTX