Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.016%
Price spread now: KuCoin against Bitget−0.115%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1471.470% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 7 days+0.100%+$10 · spread now −0.115%, 7d avg −0.048%
=Funding pays, the price is against you. KuCoin is 0.067% cheaper against Bitget than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.048%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.008% in total) that is about 56 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HOODUSDT | 121.80 | 0 | get 0.0000% / 8h | 6h 34m | $5.4M | $9.6M | 20x |
| Short | KuCoin HOODUSDTM | 121.66 | 0.0100 | get 0.0100% / 8h | 6h 34m | $1.3M | $1.1M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- $21
- Price spread: −0.115% → −0.048%
- −$6.72
- Slippage, 4 orders
- −$123.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$132.74
- Costs to cover
- 1.470%
- Break-even
- 51.2 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: 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 Bitget live order book, 4 min ago | 2.88 bp | 11.7 bp −$12 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 4.12 bp | 34.3 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
HOOD on 29 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-USD | −0.0119% | 1h | 121.52 | −0.230% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.71 | −0.073% | $107K | $273K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.71 | −0.076% | $358K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.73 | −0.055% | $21.1M | $90.8M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.74 | −0.049% | $3.9M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.77 | −0.025% | $2.8M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.72 | −0.070% | $374K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.78 | −0.016% | $577K | $7.7M | 50x | as long as short |
| Bitget HOODUSDTlong | 0.0000% | 8h | 121.80 | long leg | $5.4M | $9.6M | 20x | |
| Variational Omni HOOD | 0.0000% | 8h | 121.75 | −0.044% | $2.3M | $1.1M | — | as long as short |
Show all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.45 | −0.290% | $853K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.74 | −0.049% | $996K | $8K | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 121.72 | −0.062% | $2.9M | $3.0M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0033% | 1h | 121.51 | −0.238% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0034% | 1h | 121.66 | −0.115% | $1.3M | $4.0M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.63 | −0.140% | $1.1M | $1.7M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.70 | −0.078% | $733 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.60 | −0.164% | $1.2M | $1.6M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0064% | 1h | 121.42 | −0.312% | $196K | $1.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0076% | 1h | 121.69 | −0.090% | $52.5M | $28.0M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.74 | −0.049% | $68K | $111K | 10x | as long as short |
| KuCoin HOODUSDTMshort | +0.0100% | 8h | 121.66 | −0.115% | $1.3M | $1.1M | 20x | |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.55 | −0.205% | $5K | $92K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.69 | −0.090% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.69 | −0.090% | $16K | — | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0186% | 1h | 121.38 | −0.345% | $58K | $57K | 30x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0243% | 1h | 121.71 | −0.074% | $7K | $68K | 10x | as long as short |
| Phoenix HOOD | +0.0261% | 1h | 121.63 | −0.140% | $28K | $237K | 10x | as long as short |
| edgeX HOODUSDC | +0.0374% | 4h | 121.36 | −0.363% | $365K | $304K | 10x | as long as short |
Bitget HOODUSDT
KuCoin HOODUSDTM
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Variational Omni HOOD
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Lighter HOOD
SoDEX HOOD-USD
Coinbase International HOOD-PERP-INTX
tradeXYZ xyz:HOOD
Pacifica HOOD
ApeX Omni HOODUSDT
Injective HOOD/USDC PERP
Deribit HOOD_USDC-PERPETUAL
Phoenix HOOD
edgeX HOODUSDC