Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.048%
Price spread now: RISEx against Arcus+0.004%7-day average +0.103% · 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−$37as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 4 days (all we have)+0.045%+$4 on $10k
+Price spread, last 5 days (all we have)+0.159%+$16 · spread now +0.004%, 7d avg +0.103%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.099% cheaper against Arcus than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.103%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus HOOD-USD | 121.20 | 0.0040 | pay 0.0005% / 1h | 34m 24s | $1.1M | $1.7M | 10x |
| Short | RISEx HOOD/USDC | 121.20 | 0 | get 0.0000% / 1h | 34m 24s | $397K | $1.4M | 10x |
Arcus HOOD-USD
RISEx HOOD/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Arcus. 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
- −$8.46
- Price spread: +0.004% → +0.103%
- −$9.85
- Slippage, 4 orders
- −$16.74
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$45.55
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 5 min ago; RISEx: live order book, 4 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 Arcus live order book, 5 min ago | 0.82 bp | 7.2 bp −$7 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 4 min ago | 1.65 bp | 4.6 bp −$5 | 5.6 bp −$56 | 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 | 121.05 | −0.124% | $58K | $57K | 30x | as long as short |
| Polymarket Perps HOOD-USD | −0.0138% | 1h | 121.02 | −0.149% | $251K | $344K | 10x | as long as short |
| Gate HOOD_USDT | −0.0039% | 8h | 121.24 | +0.033% | $572K | $7.7M | 50x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.30 | +0.083% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.18 | −0.017% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.17 | −0.024% | $20.9M | $90.9M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.17 | −0.025% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.17 | −0.025% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDCshort | 0.0000% | 1h | 121.20 | +0.004% | $397K | $1.4M | 10x | |
| Bitget HOODUSDT | 0.0000% | 8h | 121.27 | +0.058% | $5.4M | $9.6M | 20x | as long as short |
Injective HOOD/USDC PERP
Polymarket Perps HOOD-USD
Gate HOOD_USDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Bitget HOODUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni HOOD | 0.0000% | 8h | 121.22 | +0.016% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.26 | +0.053% | $856K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.27 | +0.058% | $7K | $55K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.35 | +0.124% | $993K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0021% | 1h | 121.05 | −0.124% | — | $62K | 25x | as long as short |
| QFEX HOOD-USD | +0.0029% | 1h | 121.20 | 0.000% | $1.3M | $3.6M | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 121.22 | +0.016% | $2.8M | $3.1M | 10x | as long as short |
| Arcus HOOD-USDlong | +0.0040% | 1h | 121.20 | long leg | $1.1M | $1.7M | 10x | |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.11 | −0.074% | $51.7M | $28.2M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.27 | +0.055% | $732 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.12 | −0.066% | $1.2M | $1.5M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 121.54 | +0.281% | $194K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.27 | +0.060% | $68K | $105K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.28 | +0.066% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.23 | +0.025% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.28 | +0.066% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.25 | +0.045% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.26 | +0.050% | $175K | $162K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 121.23 | +0.025% | $27K | $238K | 10x | as long as short |
| edgeX HOODUSDC | +0.0403% | 4h | 121.25 | +0.044% | $365K | $305K | 10x | as long as short |
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
Lighter HOOD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Phoenix HOOD
edgeX HOODUSDC