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Funding arb · Price arb /

HOOD

RWAall HOOD markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0196%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h −0.051%
Price spread now: Phoenix against RISEx+0.210%110s7-day average −0.037% · 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−$360.356% of the position
Long on RISExShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.125%−$13 on $10k
Price spread, last 3 days (all we have)−0.192%−$19 · spread now +0.210%, 7d avg −0.037%
Together, before fees−0.317%−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.246% dearer against RISEx than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 3 days funding on this pair cost −0.125%, so the current rate has only just turned in your favour. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx HOOD/USDC122.340get 0.0000% / 1h59m 36s$376K$1.4M10x
ShortPhoenix HOOD122.600.0196get 0.0024% / 1h59m 36s$28K$239K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$41.09
Price spread: +0.210% → −0.037%
$24.63
Slippage, 4 orders
−$22.62
Fee RISEx: 3 bp × 2 orders
−$6
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$30.1
Costs to cover
0.356%
Break-even
1.9 days
Slippage from RISEx: live order book, 4 min ago; Phoenix: live order book, 68 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago1.63 bp4.6 bp −$55.7 bp −$57doesn't fitdoesn't fit
Sell Phoenix live order book, 68 min ago4.07 bp13.2 bp −$1328.8 bp −$288doesn't fitdoesn't fit

HOOD on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HOODUSDT0.0000%8h122.26−0.068%$107K$268K20xas long as short
Extended HOOD_24_5-USD0.0000%1h122.33−0.011%$364K$1.4M10xas long as short
Binance HOODUSDT0.0000%8h122.36+0.010%$21.8M$89.7M20xas long as short
Bybit HOODUSDT0.0000%8h122.33−0.011%$3.9M$8.7M25xas long as short
OKX HOOD-USDT-SWAP0.0000%8h122.33−0.011%$2.9M$5.9M20xas long as short
RISEx HOOD/USDClong0.0000%1h122.34long leg$376K$1.4M10x
Gate HOOD_USDT0.0000%8h122.39+0.038%$569K$7.5M50xas long as short
Bitget HOODUSDT0.0000%8h122.40+0.046%$5.5M$9.5M20xas long as short
Variational Omni HOOD0.0000%8h122.45+0.090%$2.3M$1.1M—as long as short
GRVT HOOD_USDT_Perp0.0000%8h122.73+0.316%$866K$2.0M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HOODUSDT0.0000%8h122.33−0.011%$1.0M$8K10xas long as short
QFEX HOOD-USD+0.0014%1h122.41+0.054%$1.3M$4.0M10xas long as short
Vest HOOD-USD-PERP+0.0038%1h122.28−0.052%—$63K25xas long as short
Arcus HOOD-USD+0.0040%1h122.50+0.128%$1.1M$1.8M10xas long as short
Polymarket Perps HOOD-USD+0.0050%1h122.28−0.052%$254K$345K10xas long as short
SoDEX HOOD-USD+0.0050%1h122.38+0.030%$737$4K10xas long as short
Ondo Perps HOOD-USD.P+0.0050%1h122.28−0.052%$1.2M$1.6M15xas long as short
Lighter HOOD+0.0056%1h122.35+0.004%$2.8M$2.1M10xas long as short
Coinbase International HOOD-PERP-INTX+0.0096%1h122.51+0.136%$207K$1.9M10xas long as short
Pacifica HOOD+0.0100%1h122.34−0.004%$71K$108K10xas long as short
KuCoin HOODUSDTM+0.0100%8h122.35+0.005%$1.3M$1.1M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h122.56+0.177%$5K$107K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h122.41+0.054%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h122.39+0.042%$16K—10xas long as short
BloFin HOOD-USDT+0.0120%8h122.42+0.062%$181K$161K20xas long as short
tradeXYZ xyz:HOOD+0.0167%1h122.33−0.011%$52.4M$27.8M10xas long as short
Phoenix HOODshort+0.0196%1h122.60+0.210%$28K$239K10x
Injective HOOD/USDC PERP+0.0213%1h122.93+0.479%$63K$49K30xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0322%1h122.42+0.062%$8K$69K10xas long as short
edgeX HOODUSDC+0.0389%4h122.58+0.193%$369K$305K10xas long as short