Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.003%
Price spread now: BloFin against Coinbase International+0.131%58s7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as 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−$400.401% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.131%, 7d avg +0.175%
=Funding pays, the price is against you. BloFin is 0.044% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.131% now, against its 7-day average of +0.175%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$2 a day). The two prices were read 58 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 | Coinbase International HOOD-PERP-INTX | 121.95 | 0.0064 | pay 0.0008% / 1h | 56m 10s | $197K | $1.9M | 10x |
| Short | BloFin HOOD-USDT | 122.11 | 0.0120 | get 0.0120% / 8h | 6h 56m | $180K | $161K | 20x |
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- $11.76
- Price spread: +0.131% → +0.175%
- −$4.36
- Slippage, 4 orders
- −$18.07
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$32.67
- Costs to cover
- 0.401%
- Break-even
- 26.4 days
Slippage from Coinbase International: live order book, 3 min ago; BloFin: live order book, 3 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 Coinbase International live order book, 3 min ago | 5.32 bp | 10.7 bp −$11 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.23 bp | 10.6 bp −$11 | 16.5 bp −$165 | 43.2 bp −$4,323 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0098% | 1h | 121.80 | −0.123% | $253K | $345K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.04 | +0.077% | $107K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.93 | −0.016% | $361K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.94 | −0.008% | $21.4M | $90.2M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.93 | −0.016% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.94 | −0.008% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.01 | +0.046% | $374K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.04 | +0.074% | $566K | $7.5M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.00 | +0.041% | $5.4M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.96 | +0.005% | $2.3M | $1.1M | — | as long as short |
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
Bitget HOODUSDT
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 122.39 | +0.361% | $856K | $1.9M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.93 | −0.016% | $8K | $68K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.97 | +0.016% | $998K | $8K | 10x | as long as short |
| Lighter HOOD | +0.0032% | 1h | 121.97 | +0.015% | $2.9M | $2.5M | 10x | as long as short |
| QFEX HOOD-USD | +0.0034% | 1h | 121.96 | +0.008% | $1.3M | $4.0M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0037% | 1h | 121.87 | −0.066% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.24 | +0.238% | $1.1M | $1.8M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.95 | 0.000% | $52.4M | $28.0M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.98 | +0.024% | $735 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.86 | −0.074% | $1.2M | $1.6M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTXlong | +0.0064% | 1h | 121.95 | long leg | $197K | $1.9M | 10x | |
| Pacifica HOOD | +0.0100% | 1h | 121.98 | +0.022% | $70K | $108K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.06 | +0.090% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.32 | +0.303% | $5K | $101K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.03 | +0.066% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.90 | −0.038% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDTshort | +0.0120% | 8h | 122.11 | +0.131% | $180K | $161K | 20x | |
| Injective HOOD/USDC PERP | +0.0186% | 1h | 122.93 | +0.804% | $63K | $49K | 30x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 122.35 | +0.328% | $28K | $237K | 10x | as long as short |
| edgeX HOODUSDC | +0.0254% | 4h | 122.36 | +0.339% | $368K | $306K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Lighter HOOD
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Injective HOOD/USDC PERP
Phoenix HOOD
edgeX HOODUSDC