Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.034%
Price spread now: Phoenix against Lighter+0.076%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.076%, 7d avg +0.001%
=Together, before fees−0.206%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.075% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HOOD | 123.00 | 0.0064 | pay 0.0008% / 1h | 22m 31s | $2.9M | $2.1M | 10x |
| Short | Phoenix HOOD | 123.09 | 0.0196 | get 0.0024% / 1h | 22m 31s | $28K | $239K | 10x |
Lighter HOOD
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $27.65
- Price spread: +0.076% → +0.001%
- $7.5
- Slippage, 4 orders
- −$22.18
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $5.97
- Costs to cover
- 0.292%
- Break-even
- 5.5 days
Slippage from Lighter: live order book, 5 min ago; Phoenix: live order book, 45 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, 5 min ago | 1.30 bp | 1.4 bp −$1 | 4.0 bp −$40 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 45 min ago | 4.07 bp | 13.2 bp −$13 | 28.8 bp −$288 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HOODUSDT | 0.0000% | 8h | 122.91 | −0.068% | $108K | $268K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 122.94 | −0.044% | $364K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 122.92 | −0.062% | $21.9M | $89.4M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.96 | −0.029% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.97 | −0.021% | $2.9M | $5.9M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.95 | −0.037% | $379K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.92 | −0.062% | $576K | $7.8M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.99 | −0.005% | $5.5M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 123.01 | +0.011% | $2.3M | $1.1M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 123.04 | +0.037% | $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 | 122.95 | −0.037% | $8K | $69K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 122.95 | −0.037% | $1.0M | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0014% | 1h | 122.92 | −0.062% | $1.3M | $4.1M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0040% | 1h | 122.84 | −0.127% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 122.96 | −0.029% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 122.80 | −0.159% | $260K | $340K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.97 | −0.025% | $740 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.87 | −0.102% | $1.2M | $1.6M | 15x | as long as short |
| Lighter HOODlong | +0.0064% | 1h | 123.00 | long leg | $2.9M | $2.1M | 10x | |
| Coinbase International HOOD-PERP-INTX | +0.0096% | 1h | 122.34 | −0.533% | $202K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.94 | −0.042% | $71K | $110K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 123.03 | +0.028% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.95 | −0.037% | $5K | $107K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.99 | −0.005% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.94 | −0.042% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 122.99 | −0.005% | $181K | $115K | 20x | as long as short |
| tradeXYZ xyz:HOOD | +0.0148% | 1h | 122.94 | −0.046% | $52.8M | $27.7M | 10x | as long as short |
| Phoenix HOODshort | +0.0196% | 1h | 123.09 | +0.076% | $28K | $239K | 10x | |
| Injective HOOD/USDC PERP | +0.0213% | 1h | 122.88 | −0.094% | $63K | $49K | 30x | as long as short |
| edgeX HOODUSDC | +0.0558% | 4h | 123.05 | +0.046% | $370K | $308K | 10x | as long as short |
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
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
Injective HOOD/USDC PERP
edgeX HOODUSDC