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Funding arb · Price arb /

HOOD

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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.049%
Price spread now: Coinbase International against OKX−0.254%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$460.455% of the position
Long on OKXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 4 days (all we have)+0.175%+$17 · spread now −0.254%, 7d avg −0.157%
Together, before fees+0.223%+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.096% cheaper against OKX than usual: you would sell low and buy high (spread −0.254% now, against its 7-day average of −0.157%). If the spread goes back, that is −$10 on $10k: about 44 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.048% in total) that is about 14 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HOOD-USDT-SWAP122.120get 0.0000% / 8h6h 03m$2.7M$5.9M20x
ShortCoinbase International HOOD-PERP-INTX121.810.0176get 0.0022% / 1h3m 42s$229K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$36.96
Price spread: −0.254% → −0.157%
−$9.65
Slippage, 4 orders
−$25.51
Fee OKX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$18.2
Costs to cover
0.455%
Break-even
10.4 days
Slippage from OKX: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago3.27 bp12.0 bp −$1228.0 bp −$280doesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago3.27 bp9.5 bp −$916.4 bp −$164doesn't fitdoesn't fit

HOOD on 30 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HOODUSDT0.0000%8h122.18+0.049%$110K$285K20xas long as short
OKX HOOD-USDT-SWAPlong0.0000%8h122.12long leg$2.7M$5.9M20x
Gate HOOD_USDT0.0000%8h122.14+0.016%$582K$6.9M50xas long as short
Bitget HOODUSDT0.0000%8h122.15+0.025%$5.6M$9.1M20xas long as short
Phemex HOODUSDT0.0000%8h122.28+0.131%$1.0M$7K10xas long as short
Bybit HOODUSDT+0.0009%8h122.14+0.016%$3.7M$7.4M25xas long as short
Arcus HOOD-USD+0.0040%1h122.09−0.025%$1.1M$1.9M10xas long as short
Vest HOOD-USD-PERP+0.0046%1h122.16+0.033%—$64K25xas long as short
Polymarket Perps HOOD-USD+0.0050%1h122.17+0.041%$253K$338K10xas long as short
SoDEX HOOD-USD+0.0050%1h122.27+0.123%$728$4K10xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HOOD-USD.P+0.0050%1h121.94−0.147%$1.3M$1.2M15xas long as short
Variational Omni HOOD+0.0058%8h122.46+0.279%$2.3M$906K—as long as short
QFEX HOOD-USD+0.0062%1h122.10−0.016%$1.3M$2.7M10xas long as short
Pacifica HOOD+0.0100%1h122.14+0.014%$73K$113K10xas long as short
KuCoin HOODUSDTM+0.0100%8h122.26+0.115%$1.7M$1.5M20xas long as short
ApeX Omni HOODUSDT+0.0100%1h122.18+0.049%$5K$29K50xas long as short
Orderly PERP_HOOD_USDC_mythos+0.0100%8h122.27+0.123%$2K$2K10xas long as short
Aevo HOOD-PERP+0.0104%1h122.29+0.135%$16K—10xas long as short
tradeXYZ xyz:HOOD+0.0171%1h122.17+0.041%$51.5M$25.5M10xas long as short
Coinbase International HOOD-PERP-INTXshort+0.0176%1h121.81−0.254%$229K$1.6M10x
Lighter HOOD+0.0192%1h122.15+0.024%$2.9M$3.0M10xas long as short
Phoenix HOOD+0.0197%1h122.31+0.156%$28K$239K10xas long as short
Extended HOOD_24_5-USD+0.0200%1h122.09−0.024%$427K$2.5M10xas long as short
Binance HOODUSDT+0.0205%8h122.13+0.008%$21.3M$87.4M20xas long as short
edgeX HOODUSDC+0.0224%4h122.16+0.036%$368K$303K10xas long as short
BloFin HOOD-USDT+0.0315%8h122.47+0.287%$175K$181K20xas long as short
GRVT HOOD_USDT_Perp+0.0424%8h122.39+0.222%$859K$1.7M10xas long as short
Injective HOOD/USDC PERP+0.0440%1h121.69−0.352%$28K$96K30xas long as short
Deribit HOOD_USDC-PERPETUAL+0.0568%1h122.35+0.188%$6K$41K10xas long as short
RISEx HOOD/USDC+0.1124%1h122.40+0.229%$438K$1.3M10xas long as short