Funding you earn now, next payment 05:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.057%
Price spread now: Variational Omni against Phoenix−0.055%7-day average +0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.055%, 7d avg +0.001%
=Together, before fees+0.001%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.056% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix HOOD | 120.99 | 0.0132 | pay 0.0017% / 1h | 45m 05s | $28K | $238K | 10x |
| Short | Variational Omni HOOD | 120.92 | 0 | get 0.0000% / 8h | 2h 45m | $2.3M | $1.1M | — |
Phoenix HOOD
Variational Omni HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.055% → +0.001%
- −$5.57
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$40.36
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 62 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 62 min ago | 2.47 bp | 10.5 bp −$11 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 3.22 bp | doesn't fit | 28.3 bp −$283 | 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 | 120.64 | −0.289% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0171% | 8h | 121.02 | +0.025% | $5.4M | $9.8M | 20x | as long as short |
| Gate HOOD_USDT | −0.0158% | 8h | 121.01 | +0.017% | $582K | $7.6M | 50x | as long as short |
| Polymarket Perps HOOD-USD | −0.0027% | 1h | 120.80 | −0.157% | $251K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.01 | +0.012% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.96 | −0.026% | $358K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.03 | +0.030% | $20.7M | $91.5M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.98 | −0.008% | $3.8M | $8.9M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.01 | +0.017% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOODshort | 0.0000% | 8h | 120.92 | −0.055% | $2.3M | $1.1M | — |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.05 | +0.049% | $849K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.02 | +0.025% | $990K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0012% | 1h | 120.83 | −0.132% | — | $63K | 25x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 120.94 | −0.045% | $2.8M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.92 | −0.058% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.90 | −0.074% | $51.2M | $28.3M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.94 | −0.037% | $724 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.94 | −0.041% | $1.2M | $1.5M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 121.01 | +0.017% | $1.3M | $3.1M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.94 | −0.042% | $67K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.98 | −0.008% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.99 | 0.000% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.96 | −0.025% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.92 | −0.054% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 121.01 | +0.020% | $382K | $1.4M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.98 | −0.008% | $174K | $162K | 20x | as long as short |
| Phoenix HOODlong | +0.0132% | 1h | 120.99 | long leg | $28K | $238K | 10x | |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.77 | −0.182% | $193K | $1.8M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0329% | 1h | 120.96 | −0.025% | $6K | $55K | 10x | as long as short |
| edgeX HOODUSDC | +0.0584% | 4h | 121.04 | +0.043% | $364K | $305K | 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
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC