Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.4% APRnext payment −$0.16 per $10,000 · paid last 24h +0.015%
Price spread now: RISEx against Phoenix−0.025%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 4 days (all we have)+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.025%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and RISEx is 0.055% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.030%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.115%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix HOOD | 121.18 | 0.0132 | pay 0.0016% / 1h | 36m 55s | $27K | $238K | 10x |
| Short | RISEx HOOD/USDC | 121.15 | 0 | get 0.0000% / 1h | 36m 55s | $383K | $1.4M | 10x |
Phoenix HOOD
RISEx HOOD/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$27.67
- Price spread: −0.025% → +0.030%
- −$5.51
- Slippage, 4 orders
- −$17.31
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$63.48
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 10 min ago; RISEx: live order book, 2 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, 10 min ago | 2.47 bp | 10.5 bp −$11 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 2 min ago | 0.82 bp | 3.8 bp −$4 | 4.3 bp −$43 | 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 | 120.89 | −0.239% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0109% | 8h | 121.20 | +0.017% | $574K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0041% | 8h | 121.20 | +0.017% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.18 | −0.002% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.14 | −0.033% | $357K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.17 | −0.007% | $20.8M | $91.1M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.20 | +0.017% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.12 | −0.050% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDCshort | 0.0000% | 1h | 121.15 | −0.025% | $383K | $1.4M | 10x | |
| Variational Omni HOOD | 0.0000% | 8h | 121.08 | −0.079% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
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 | 121.18 | 0.000% | $847K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.20 | +0.017% | $991K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0014% | 1h | 120.95 | −0.190% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.16 | −0.017% | $1.3M | $3.4M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.13 | −0.041% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.07 | −0.091% | $51.4M | $28.3M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.98 | −0.165% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.16 | −0.017% | $729 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.95 | −0.190% | $1.2M | $1.5M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.15 | −0.026% | $68K | $109K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.21 | +0.025% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.07 | −0.091% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.15 | −0.025% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.14 | −0.037% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | −0.066% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.17 | −0.008% | $175K | $158K | 20x | as long as short |
| Phoenix HOODlong | +0.0132% | 1h | 121.18 | long leg | $27K | $238K | 10x | |
| Lighter HOOD | +0.0192% | 1h | 121.13 | −0.044% | $2.8M | $3.2M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0907% | 1h | 121.16 | −0.017% | $6K | $57K | 10x | as long as short |
| edgeX HOODUSDC | +0.0975% | 4h | 121.16 | −0.013% | $365K | $304K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
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
BloFin HOOD-USDT
Lighter HOOD
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC