Funding you earn now, next payment 02:00 UTC+0.0159%/8h= +17.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.033%
Price spread now: Lighter against Polymarket Perps+0.147%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs+$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 7 days+0.501%+$50 on $10k
+Price spread, last 7 days−0.100%−$10 · spread now +0.147%, 7d avg +0.134%
=Together, before fees+0.401%+ Points / potential airdropLighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.134%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps HOOD-USD | 121.42 | −0.0127 | get 0.0016% / 1h | 37m 23s | $252K | $344K | 10x |
| Short | Lighter HOOD | 121.60 | 0.0032 | get 0.0004% / 1h | 37m 23s | $2.9M | $3.0M | 10x |
Polymarket Perps HOOD-USD
Lighter HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- $33.36
- Price spread: +0.147% → +0.134%
- $1.22
- Slippage, 4 orders
- −$7.17
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $19.42
- Costs to cover
- 0.152%
- Break-even
- 2.9 days
Slippage from Polymarket Perps: live order book, 30 min ago; Lighter: 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 Polymarket Perps live order book, 30 min ago | 1.22 bp | 5.9 bp −$6 | 7.5 bp −$75 | 9.2 bp −$918 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.85 bp | 1.9 bp −$2 | 7.6 bp −$76 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USDlong | −0.0127% | 1h | 121.42 | long leg | $252K | $344K | 10x | |
| Aster HOODUSDT | 0.0000% | 8h | 121.61 | +0.159% | $106K | $273K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.56 | +0.119% | $358K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.57 | +0.124% | $21.1M | $90.8M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.60 | +0.148% | $3.9M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.61 | +0.156% | $2.8M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.59 | +0.144% | $373K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.60 | +0.148% | $576K | $7.6M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.65 | +0.189% | $5.4M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.58 | +0.133% | $2.3M | $1.1M | — | as long as short |
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 | 121.45 | +0.022% | $853K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.53 | +0.091% | $7K | $68K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.49 | +0.058% | $994K | $8K | 10x | as long as short |
| Lighter HOODshort | +0.0032% | 1h | 121.60 | +0.147% | $2.9M | $3.0M | 10x | |
| QFEX HOOD-USD | +0.0034% | 1h | 121.60 | +0.148% | $1.3M | $4.0M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0034% | 1h | 121.50 | +0.066% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.50 | +0.066% | $1.1M | $1.7M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.47 | +0.041% | $732 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.51 | +0.074% | $1.2M | $1.6M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0064% | 1h | 121.42 | 0.000% | $196K | $1.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0065% | 1h | 121.58 | +0.132% | $52.4M | $28.0M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.61 | +0.156% | $68K | $111K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.59 | +0.140% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.33 | −0.074% | $5K | $92K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.58 | +0.132% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.51 | +0.076% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.00 | +0.478% | $182K | $162K | 20x | as long as short |
| Injective HOOD/USDC PERP | +0.0186% | 1h | 121.38 | −0.033% | $58K | $57K | 30x | as long as short |
| Phoenix HOOD | +0.0261% | 1h | 121.63 | +0.173% | $28K | $237K | 10x | as long as short |
| edgeX HOODUSDC | +0.0374% | 4h | 121.36 | −0.051% | $365K | $304K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Injective HOOD/USDC PERP
Phoenix HOOD
edgeX HOODUSDC