Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.035%
Price spread now: Orderly against Phoenix−0.139%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.139% cheaper against Phoenix than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | 122.35 | 0.0196 | pay 0.0024% / 1h | 57m 26s | $28K | $237K | 10x |
| Short | Orderly PERP_HOOD_USDC_mythos | 122.18 | 0.0100 | get 0.0100% / 8h | 6h 57m | $2K | $2K | 10x |
Phoenix HOOD
Orderly PERP_HOOD_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$20.09
- Price spread: −0.139% → 0.000%
- −$13.89
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$46.98
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 5 min ago; Orderly: 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 Phoenix live order book, 5 min ago | 4.08 bp | 12.5 bp −$12 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0060% | 1h | 121.94 | −0.335% | $253K | $345K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.23 | −0.097% | $107K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.15 | −0.164% | $361K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 122.14 | −0.174% | $21.7M | $90.0M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.18 | −0.139% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.11 | −0.196% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.19 | −0.131% | $375K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.25 | −0.082% | $568K | $7.5M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.21 | −0.114% | $5.5M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.45 | +0.085% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
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 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 | 122.39 | +0.033% | $856K | $1.9M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 122.17 | −0.147% | $8K | $68K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.16 | −0.155% | $999K | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0034% | 1h | 122.18 | −0.139% | $1.3M | $4.0M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0037% | 1h | 122.04 | −0.253% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0040% | 1h | 122.22 | −0.110% | $2.9M | $2.3M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.35 | 0.000% | $1.1M | $1.8M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.16 | −0.155% | $736 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.03 | −0.262% | $1.2M | $1.6M | 15x | as long as short |
| tradeXYZ xyz:HOOD | +0.0057% | 1h | 122.11 | −0.196% | $52.3M | $27.9M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0064% | 1h | 122.19 | −0.131% | $206K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.21 | −0.115% | $70K | $108K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.30 | −0.041% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.32 | −0.025% | $5K | $101K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythosshort | +0.0100% | 8h | 122.18 | −0.139% | $2K | $2K | 10x | |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.12 | −0.189% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.44 | +0.074% | $181K | $162K | 20x | as long as short |
| Injective HOOD/USDC PERP | +0.0186% | 1h | 122.93 | +0.474% | $63K | $49K | 30x | as long as short |
| Phoenix HOODlong | +0.0196% | 1h | 122.35 | long leg | $28K | $237K | 10x | |
| edgeX HOODUSDC | +0.0254% | 4h | 122.36 | +0.011% | $368K | $306K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Lighter HOOD
Arcus HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
tradeXYZ xyz:HOOD
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Aevo HOOD-PERP
BloFin HOOD-USDT
Injective HOOD/USDC PERP
edgeX HOODUSDC