Funding you earn now, next payment 09:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.051%
Price spread now: QFEX against Phoenix+0.205%52s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.371% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.205%, 7d avg −0.004%
=The price spread pays, funding is against you. QFEX is 0.209% dearer against Phoenix than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of −0.004%): +$21 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 4 days (−0.052% in total) that is about 15 days. The two prices were read 52 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 | 122.04 | 0.0197 | pay 0.0025% / 1h | 5m 48s | $28K | $239K | 10x |
| Short | QFEX HOOD-USD | 122.29 | 0.0062 | get 0.0008% / 1h | 5m 48s | $1.3M | $2.7M | 10x |
Phoenix HOOD
QFEX HOOD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$28.22
- Price spread: +0.205% → −0.004%
- $20.87
- Slippage, 4 orders
- −$20.1
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$44.45
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 42 min ago; QFEX: live order book, 5 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, 42 min ago | 3.28 bp | 11.7 bp −$12 | 26.0 bp −$260 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.64 bp | 6.9 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
HOOD on 30 exchanges
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 | 122.19 | +0.125% | $110K | $285K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.44 | +0.328% | $3.7M | $7.4M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.55 | +0.418% | $2.7M | $5.9M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.42 | +0.311% | $583K | $6.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.51 | +0.385% | $5.6M | $9.1M | 20x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.41 | +0.303% | $1.0M | $7K | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.23 | +0.156% | $1.1M | $1.9M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.08 | +0.033% | — | $64K | 25x | as long as short |
| Variational Omni HOOD | +0.0048% | 8h | 122.08 | +0.031% | $2.3M | $906K | — | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.19 | +0.123% | $253K | $338K | 10x | as long as short |
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Phemex HOODUSDT
Arcus HOOD-USD
Vest HOOD-USD-PERP
Variational Omni HOOD
Polymarket Perps HOOD-USDShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX HOOD-USD | +0.0050% | 1h | 122.37 | +0.270% | $729 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.05 | +0.008% | $1.3M | $1.2M | 15x | as long as short |
| QFEX HOOD-USDshort | +0.0062% | 1h | 122.29 | +0.205% | $1.3M | $2.7M | 10x | |
| Pacifica HOOD | +0.0100% | 1h | 122.29 | +0.206% | $73K | $113K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.18 | +0.115% | $1.7M | $1.5M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.88 | −0.131% | $5K | $29K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.36 | +0.262% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.32 | +0.231% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0176% | 1h | 121.81 | −0.188% | $229K | $1.6M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0176% | 1h | 122.38 | +0.279% | $51.6M | $25.5M | 10x | as long as short |
| Binance HOODUSDT | +0.0190% | 8h | 122.44 | +0.329% | $21.3M | $87.4M | 20x | as long as short |
| Extended HOOD_24_5-USD | +0.0192% | 1h | 122.39 | +0.285% | $427K | $2.5M | 10x | as long as short |
| Phoenix HOODlong | +0.0197% | 1h | 122.04 | long leg | $28K | $239K | 10x | |
| Lighter HOOD | +0.0208% | 1h | 122.39 | +0.289% | $2.9M | $3.0M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0308% | 8h | 122.40 | +0.295% | $175K | $180K | 20x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0420% | 8h | 122.09 | +0.041% | $857K | $1.8M | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0440% | 1h | 121.69 | −0.287% | $28K | $96K | 30x | as long as short |
| edgeX HOODUSDC | +0.0950% | 4h | 122.05 | +0.007% | $367K | $302K | 10x | as long as short |
| RISEx HOOD/USDC | +0.1124% | 1h | 122.35 | +0.257% | $438K | $1.3M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.1141% | 1h | 122.36 | +0.262% | $6K | $41K | 10x | as long as short |
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
tradeXYZ xyz:HOOD
Binance HOODUSDT
Extended HOOD_24_5-USD
Lighter HOOD
BloFin HOOD-USDT
GRVT HOOD_USDT_Perp
Injective HOOD/USDC PERP
edgeX HOODUSDC
RISEx HOOD/USDC
Deribit HOOD_USDC-PERPETUAL