Funding you earn now, next payment 08:00 UTC+0.0133%/8h= +14.5% APRpaid last 24h +0.083%
Price spread now: Phoenix against Gate−0.869%107s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as 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−$570.571% of the position
Funding, last 7 days+0.257%+$26 on $10k
+Price spread, last 4 days (all we have)+0.786%+$79 · spread now −0.869%, 7d avg −0.011%
=Funding pays, the price is against you. Phoenix is 0.859% cheaper against Gate than usual: you would sell low and buy high (spread −0.869% now, against its 7-day average of −0.011%). If the spread goes back, that is −$86 on $10k: about 22 days of funding at the current rate (+$4 a day). The two prices were read 107 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 | Gate HOOD_USDT | 120.78 | 0 | get 0.0000% / 8h | 7h 21m | $597K | $7.1M | 50x |
| Short | Phoenix HOOD | 119.73 | 0.0133 | get 0.0017% / 1h | 21m 31s | $28K | $238K | 10x |
Gate HOOD_USDT
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $27.9
- Price spread: −0.869% → −0.011%
- −$85.87
- Slippage, 4 orders
- −$35.1
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$115.06
- Costs to cover
- 0.571%
- Break-even
- 35.9 days
Slippage from Gate: live order book, 2 min ago; Phoenix: 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 Gate live order book, 2 min ago | 4.15 bp | 16.2 bp −$16 | 68.9 bp −$689 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 6 min ago | 4.18 bp | 13.1 bp −$13 | 28.7 bp −$287 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | −0.0440% | 1h | 119.96 | −0.679% | $25K | $78K | 30x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.71 | −0.057% | $109K | $284K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.81 | +0.027% | $355K | $2.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.90 | +0.102% | $20.9M | $91.4M | 20x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.86 | +0.066% | $2.7M | $6.1M | 20x | as long as short |
| Gate HOOD_USDTlong | 0.0000% | 8h | 120.78 | long leg | $597K | $7.1M | 50x | |
| Bitget HOODUSDT | 0.0000% | 8h | 120.81 | +0.025% | $5.5M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 119.69 | −0.905% | $2.2M | $979K | — | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.64 | −0.116% | $987K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0002% | 1h | 120.27 | −0.422% | — | $64K | 25x | as long as short |
Injective HOOD/USDC PERP
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
Bitget HOODUSDT
Variational Omni HOOD
Phemex HOODUSDT
Vest HOOD-USD-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HOODUSDT | +0.0014% | 8h | 120.88 | +0.083% | $3.7M | $8.1M | 25x | as long as short |
| QFEX HOOD-USD | +0.0038% | 1h | 120.80 | +0.017% | $1.3M | $2.8M | 10x | as long as short |
| Lighter HOOD | +0.0040% | 1h | 120.78 | −0.003% | $2.8M | $3.1M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.78 | 0.000% | $1.1M | $1.8M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.76 | −0.017% | $51.0M | $26.7M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.52 | −0.215% | $251K | $336K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.44 | −0.281% | $718 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.81 | +0.025% | $1.2M | $1.4M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.78 | +0.004% | $74K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.66 | −0.099% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.25 | −0.439% | $5K | $36K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.47 | −0.257% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.63 | −0.122% | $16K | — | 10x | as long as short |
| GRVT HOOD_USDT_Perp | +0.0115% | 8h | 120.42 | −0.298% | $852K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.35 | −0.356% | $174K | $176K | 20x | as long as short |
| Phoenix HOODshort | +0.0133% | 1h | 119.73 | −0.869% | $28K | $238K | 10x | |
| Coinbase International HOOD-PERP-INTX | +0.0200% | 1h | 119.88 | −0.745% | $195K | $1.8M | 10x | as long as short |
| RISEx HOOD/USDC | +0.0421% | 1h | 120.62 | −0.134% | $425K | $1.3M | 10x | as long as short |
| edgeX HOODUSDC | +0.0499% | 4h | 120.19 | −0.488% | $362K | $303K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0579% | 1h | 120.68 | −0.083% | $6K | $53K | 10x | as long as short |
Bybit HOODUSDT
QFEX HOOD-USD
Lighter HOOD
Arcus HOOD-USD
tradeXYZ xyz:HOOD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
GRVT HOOD_USDT_Perp
BloFin HOOD-USDT
Coinbase International HOOD-PERP-INTX
RISEx HOOD/USDC
edgeX HOODUSDC
Deribit HOOD_USDC-PERPETUAL