Funding you earn now, next payment 01:00 UTC−0.0213%/8h= −23.4% APRpaid last 24h −0.032%
Price spread now: Phemex against Injective+0.041%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.041% dearer against Injective than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.161%, so the current rate has only just turned against you. The two prices were read 65 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 | Injective HOOD/USDC PERP | 122.88 | 0.0213 | pay 0.0027% / 1h | 21m 58s | $63K | $49K | 30x |
| Short | Phemex HOODUSDT | 122.93 | 0 | get 0.0000% / 8h | 7h 21m | $1.0M | $8K | 10x |
Injective HOOD/USDC PERP
Phemex HOODUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- −$44.78
- Price spread: +0.041% → 0.000%
- $4.07
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$52.73
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 2.44 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 122.89 | +0.005% | $107K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.89 | +0.006% | $364K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 122.92 | +0.030% | $21.9M | $89.4M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.91 | +0.024% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.97 | +0.073% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.95 | +0.057% | $379K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.92 | +0.033% | $576K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.95 | +0.057% | $5.5M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 123.01 | +0.106% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 123.04 | +0.131% | $866K | $1.9M | 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
Bitget HOODUSDT
Variational Omni HOOD
GRVT HOOD_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 122.93 | +0.041% | $8K | $69K | 10x | as long as short |
| Phemex HOODUSDTshort | 0.0000% | 8h | 122.93 | +0.041% | $1.0M | $8K | 10x | |
| QFEX HOOD-USD | +0.0014% | 1h | 122.92 | +0.033% | $1.3M | $4.1M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0040% | 1h | 122.84 | −0.033% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.96 | +0.065% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.79 | −0.073% | $260K | $340K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.92 | +0.033% | $740 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.87 | −0.008% | $1.2M | $1.6M | 15x | as long as short |
| Lighter HOOD | +0.0056% | 1h | 122.94 | +0.047% | $2.9M | $2.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 122.34 | −0.439% | $202K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.94 | +0.052% | $71K | $110K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 123.02 | +0.114% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.95 | +0.057% | $5K | $107K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.93 | +0.041% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.91 | +0.023% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.99 | +0.090% | $181K | $115K | 20x | as long as short |
| tradeXYZ xyz:HOOD | +0.0144% | 1h | 122.92 | +0.033% | $52.8M | $27.7M | 10x | as long as short |
| Phoenix HOOD | +0.0196% | 1h | 123.09 | +0.171% | $28K | $239K | 10x | as long as short |
| Injective HOOD/USDC PERPlong | +0.0213% | 1h | 122.88 | long leg | $63K | $49K | 30x | |
| edgeX HOODUSDC | +0.0558% | 4h | 123.05 | +0.141% | $370K | $308K | 10x | as long as short |
Deribit HOOD_USDC-PERPETUAL
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
tradeXYZ xyz:HOOD
Phoenix HOOD
edgeX HOODUSDC