Funding you earn now, next payment 09:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h +0.010%
Price spread now: Phoenix against BloFin−0.098%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.098%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.083% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HOOD-USDT | 122.09 | 0.0304 | pay 0.0304% / 8h | 6h 07m | $174K | $179K | 20x |
| Short | Phoenix HOOD | 121.97 | 0.0197 | get 0.0025% / 1h | 7m 45s | $28K | $239K | 10x |
BloFin HOOD-USDT
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- −$22.45
- Price spread: −0.098% → −0.016%
- −$8.27
- Slippage, 4 orders
- −$27.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$77.33
- Costs to cover
- 0.466%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 37 min ago; Phoenix: live order book, 40 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 BloFin live order book, 37 min ago | 1.64 bp | 9.1 bp −$9 | 14.9 bp −$149 | 36.4 bp −$3,642 | doesn't fit |
| Sell Phoenix live order book, 40 min ago | 3.28 bp | 11.7 bp −$12 | 26.0 bp −$260 | doesn't fit | doesn't fit |
HOOD on 30 exchanges
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 | 122.14 | +0.041% | $110K | $284K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.19 | +0.082% | $3.7M | $7.4M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.12 | +0.025% | $2.7M | $5.9M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.12 | +0.025% | $582K | $6.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.14 | +0.041% | $5.6M | $9.0M | 20x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.14 | +0.041% | $1.0M | $7K | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.03 | −0.049% | $1.1M | $1.9M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 121.87 | −0.180% | — | $64K | 25x | as long as short |
| Variational Omni HOOD | +0.0048% | 8h | 122.08 | −0.010% | $2.3M | $906K | — | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 121.98 | −0.090% | $252K | $337K | 10x | as long as short |
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Phemex HOODUSDT
Arcus HOOD-USD
Vest HOOD-USD-PERP
Variational Omni HOOD
Polymarket Perps HOOD-USDShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX HOOD-USD | +0.0050% | 1h | 122.11 | +0.012% | $727 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.91 | −0.147% | $1.3M | $1.3M | 15x | as long as short |
| QFEX HOOD-USD | +0.0062% | 1h | 122.09 | 0.000% | $1.3M | $2.7M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.20 | +0.087% | $73K | $113K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.08 | −0.008% | $1.7M | $1.5M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.88 | −0.172% | $5K | $29K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.12 | +0.025% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.12 | +0.024% | $16K | — | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0172% | 1h | 122.14 | +0.041% | $51.5M | $25.5M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0176% | 1h | 121.81 | −0.229% | $229K | $1.6M | 10x | as long as short |
| Extended HOOD_24_5-USD | +0.0184% | 1h | 122.10 | +0.009% | $422K | $2.5M | 10x | as long as short |
| Binance HOODUSDT | +0.0188% | 8h | 122.23 | +0.115% | $21.3M | $87.2M | 20x | as long as short |
| Phoenix HOODshort | +0.0197% | 1h | 121.97 | −0.098% | $28K | $239K | 10x | |
| Lighter HOOD | +0.0208% | 1h | 122.30 | +0.173% | $2.9M | $3.0M | 10x | as long as short |
| BloFin HOOD-USDTlong | +0.0304% | 8h | 122.09 | long leg | $174K | $179K | 20x | |
| GRVT HOOD_USDT_Perp | +0.0420% | 8h | 122.09 | 0.000% | $857K | $1.8M | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0440% | 1h | 121.69 | −0.328% | $28K | $96K | 30x | as long as short |
| edgeX HOODUSDC | +0.0797% | 4h | 122.08 | −0.007% | $367K | $302K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0980% | 1h | 122.10 | +0.008% | $6K | $41K | 10x | as long as short |
| RISEx HOOD/USDC | +0.1124% | 1h | 122.17 | +0.068% | $437K | $1.3M | 10x | as long as short |
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
tradeXYZ xyz:HOOD
Coinbase International HOOD-PERP-INTX
Extended HOOD_24_5-USD
Binance HOODUSDT
Lighter HOOD
GRVT HOOD_USDT_Perp
Injective HOOD/USDC PERP
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL
RISEx HOOD/USDC