Funding you earn now, next payment 09:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.005%
Price spread now: QFEX against Binance−0.172%7-day average −0.052% · 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−$42as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 4 days (all we have)−0.031%−$3 on $10k
+Price spread, last 7 days+0.120%+$12 · spread now −0.172%, 7d avg −0.052%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.120% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HOODUSDT | 122.00 | 0.0152 | pay 0.0152% / 8h | 6h 56m | $21.2M | $89.3M | 20x |
| Short | QFEX HOOD-USD | 121.79 | 0.0062 | get 0.0008% / 1h | 56m 49s | $1.3M | $2.8M | 10x |
Binance HOODUSDT
QFEX HOOD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- −$18.85
- Price spread: −0.172% → −0.052%
- −$12.02
- Slippage, 4 orders
- −$10.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$61.08
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; QFEX: live order book, 6 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 Binance live order book, 1 min ago | 0.82 bp | 8.9 bp −$9 | 18.2 bp −$182 | 62.2 bp −$6,216 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.64 bp | 6.9 bp −$7 | 10.3 bp −$103 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HOODUSDT | 0.0000% | 8h | 122.01 | +0.004% | $110K | $285K | 20x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.03 | +0.025% | $2.7M | $6.1M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.02 | +0.016% | $573K | $6.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.04 | +0.033% | $5.6M | $9.4M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.89 | −0.088% | $2.3M | $938K | — | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.92 | −0.066% | $998K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0018% | 1h | 121.76 | −0.197% | — | $64K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.74 | −0.213% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 121.82 | −0.148% | $254K | $336K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.81 | −0.152% | $733 | $4K | 10x | as long as short |
Aster HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
Phemex HOODUSDT
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.68 | −0.262% | $1.3M | $1.3M | 15x | as long as short |
| QFEX HOOD-USDshort | +0.0062% | 1h | 121.79 | −0.172% | $1.3M | $2.8M | 10x | |
| Bybit HOODUSDT | +0.0063% | 8h | 122.03 | +0.025% | $3.7M | $7.9M | 25x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.70 | −0.242% | $74K | $108K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.88 | −0.098% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.84 | −0.131% | $5K | $30K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.85 | −0.123% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.89 | −0.094% | $16K | — | 10x | as long as short |
| Phoenix HOOD | +0.0133% | 1h | 121.99 | −0.008% | $28K | $231K | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0134% | 1h | 122.01 | +0.008% | $51.4M | $26.6M | 10x | as long as short |
| Extended HOOD_24_5-USD | +0.0152% | 1h | 121.96 | −0.033% | $361K | $2.3M | 10x | as long as short |
| Binance HOODUSDTlong | +0.0152% | 8h | 122.00 | long leg | $21.2M | $89.3M | 20x | |
| Coinbase International HOOD-PERP-INTX | +0.0176% | 1h | 121.91 | −0.074% | $232K | $1.8M | 10x | as long as short |
| Lighter HOOD | +0.0200% | 1h | 121.98 | −0.013% | $2.9M | $3.0M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0272% | 8h | 121.80 | −0.164% | $173K | $178K | 20x | as long as short |
| edgeX HOODUSDC | +0.0287% | 4h | 122.01 | +0.007% | $367K | $302K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0440% | 1h | 121.59 | −0.336% | $30K | $94K | 30x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0571% | 1h | 121.91 | −0.074% | $6K | $50K | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.1023% | 8h | 121.98 | −0.014% | $853K | $1.8M | 10x | as long as short |
| RISEx HOOD/USDC | +0.1124% | 1h | 121.88 | −0.100% | $418K | $1.3M | 10x | as long as short |
Ondo Perps HOOD-USD.P
Bybit HOODUSDT
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Phoenix HOOD
tradeXYZ xyz:HOOD
Extended HOOD_24_5-USD
Coinbase International HOOD-PERP-INTX
Lighter HOOD
BloFin HOOD-USDT
edgeX HOODUSDC
Injective HOOD/USDC PERP
Deribit HOOD_USDC-PERPETUAL
GRVT HOOD_USDT_Perp
RISEx HOOD/USDC