Funding you earn now, next payment 00:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h +0.051%
Price spread now: Phoenix against Bitget+0.286%79s7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 3 days (all we have)−0.329%−$33 · spread now +0.286%, 7d avg −0.048%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.334% dearer against Bitget than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HOODUSDT | 122.57 | 0 | get 0.0000% / 8h | 7h 52m | $5.6M | $9.5M | 20x |
| Short | Phoenix HOOD | 122.92 | 0.0196 | get 0.0024% / 1h | 52m 03s | $28K | $239K | 10x |
Bitget HOODUSDT
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $41.09
- Price spread: +0.286% → −0.048%
- $33.39
- Slippage, 4 orders
- −$30.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $24.58
- Costs to cover
- 0.499%
- Break-even
- 2.8 days
Slippage from Bitget: live order book, 1 min ago; Phoenix: live order book, 15 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, 1 min ago | 2.85 bp | 11.7 bp −$12 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 15 min ago | 4.07 bp | 13.2 bp −$13 | 28.8 bp −$288 | 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 | 122.54 | −0.025% | $107K | $267K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.50 | −0.055% | $362K | $1.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 122.52 | −0.043% | $21.9M | $89.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.53 | −0.033% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.50 | −0.057% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.53 | −0.036% | $382K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.53 | −0.033% | $560K | $7.8M | 50x | as long as short |
| Bitget HOODUSDTlong | 0.0000% | 8h | 122.57 | long leg | $5.6M | $9.5M | 20x | |
| Variational Omni HOOD | 0.0000% | 8h | 122.90 | +0.268% | $2.4M | $1.1M | — | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.53 | −0.033% | $1.0M | $8K | 10x | 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
Variational Omni HOOD
Phemex HOODUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX HOOD-USD | +0.0014% | 1h | 122.50 | −0.057% | $1.3M | $4.3M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.63 | +0.049% | $1.1M | $1.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0044% | 1h | 122.40 | −0.139% | — | $63K | 25x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.40 | −0.139% | $265K | $334K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.49 | −0.065% | $737 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.58 | +0.008% | $1.2M | $1.6M | 15x | as long as short |
| edgeX HOODUSDC | +0.0054% | 4h | 123.00 | +0.348% | $370K | $307K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 122.50 | −0.057% | $202K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.51 | −0.047% | $71K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.54 | −0.024% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.73 | +0.131% | $5K | $118K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.53 | −0.033% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.51 | −0.048% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.61 | +0.033% | $183K | $124K | 20x | as long as short |
| Lighter HOOD | +0.0176% | 1h | 122.48 | −0.072% | $2.9M | $2.1M | 10x | as long as short |
| Phoenix HOODshort | +0.0196% | 1h | 122.92 | +0.286% | $28K | $239K | 10x | |
| Injective HOOD/USDC PERP | +0.0213% | 1h | 122.81 | +0.196% | $63K | $49K | 30x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0314% | 8h | 122.95 | +0.309% | $860K | $2.0M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0322% | 1h | 122.51 | −0.049% | $8K | $69K | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0476% | 1h | 122.45 | −0.098% | $52.5M | $28.0M | 10x | as long as short |
QFEX HOOD-USD
Arcus HOOD-USD
Vest HOOD-USD-PERP
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
edgeX HOODUSDC
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Lighter HOOD
Injective HOOD/USDC PERP
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
tradeXYZ xyz:HOOD