Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.014%
Price spread now: Coinbase International against Lighter−0.001%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.001%, 7d avg −0.146%
=Together, before fees−0.239%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.145% dearer against Lighter than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.146%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HOOD | 121.10 | 0.0168 | pay 0.0021% / 1h | 41m 04s | $2.8M | $3.2M | 10x |
| Short | Coinbase International HOOD-PERP-INTX | 121.10 | 0.0120 | get 0.0015% / 1h | 41m 04s | $193K | $1.9M | 10x |
Lighter HOOD
Coinbase International HOOD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- −$10.08
- Price spread: −0.001% → −0.146%
- $14.53
- Slippage, 4 orders
- −$10.74
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$16.29
- Costs to cover
- 0.207%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Coinbase International: 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 Lighter live order book, 6 min ago | 1.73 bp | 3.8 bp −$4 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 2.06 bp | 8.1 bp −$8 | 14.4 bp −$144 | 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 | 121.21 | +0.090% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0103% | 8h | 121.13 | +0.024% | $573K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0017% | 8h | 121.15 | +0.040% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.14 | +0.031% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.06 | −0.038% | $357K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.10 | −0.001% | $20.8M | $91.1M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.14 | +0.032% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.07 | −0.026% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.09 | −0.009% | $383K | $1.4M | 10x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.08 | −0.014% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
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 | 121.28 | +0.146% | $848K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.12 | +0.016% | $991K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0015% | 1h | 120.95 | −0.125% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.08 | −0.017% | $1.3M | $3.4M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.17 | +0.057% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.02 | −0.067% | $51.4M | $28.4M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.91 | −0.158% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.09 | −0.010% | $729 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.00 | −0.083% | $1.2M | $1.5M | 15x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.14 | +0.031% | $68K | $109K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.17 | +0.057% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.14 | +0.032% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.09 | −0.009% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.05 | −0.038% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTXshort | +0.0120% | 1h | 121.10 | −0.001% | $193K | $1.9M | 10x | |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.14 | +0.032% | $174K | $160K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 121.18 | +0.065% | $27K | $238K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0163% | 1h | 121.09 | −0.009% | $6K | $57K | 10x | as long as short |
| Lighter HOODlong | +0.0168% | 1h | 121.10 | long leg | $2.8M | $3.2M | 10x | |
| edgeX HOODUSDC | +0.0244% | 4h | 121.22 | +0.095% | $365K | $303K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
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
BloFin HOOD-USDT
Phoenix HOOD
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC