Funding you earn now, next payment 05:00 UTC+0.0447%/8h= +49.0% APRpaid last 24h +0.105%
Price spread now: edgeX against Pacifica−0.076%52s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as 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−$380.380% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.076%, 7d avg +0.036%
=Together, before fees+0.336%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.112% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of +0.036%). If the spread goes back, that is −$11 on $10k: about 20 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.177% in total) that is about 4.4 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica HOOD | 121.20 | 0.0100 | pay 0.0013% / 1h | 16m 01s | $68K | $107K | 10x |
| Short | edgeX HOODUSDC | 121.10 | 0.0547 | get 0.0274% / 4h | 3h 16m | $364K | $304K | 10x |
Pacifica HOOD
edgeX HOODUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Pacifica. 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
- $93.93
- Price spread: −0.076% → +0.036%
- −$11.17
- Slippage, 4 orders
- −$20.98
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $44.78
- Costs to cover
- 0.380%
- Break-even
- 3.7 days
Slippage from Pacifica: live order book, 36 min ago; edgeX: live order book, 37 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 Pacifica live order book, 36 min ago | 2.02 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 37 min ago | 5.76 bp | 10.8 bp −$11 | 20.1 bp −$201 | 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 | 120.88 | −0.260% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0125% | 8h | 121.22 | +0.020% | $572K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0109% | 8h | 121.24 | +0.037% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.08 | −0.095% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.17 | −0.025% | $360K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.20 | +0.004% | $20.8M | $91.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.20 | +0.004% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.22 | +0.020% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.23 | +0.028% | $383K | $1.4M | 10x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.17 | −0.022% | $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 | 121.17 | −0.021% | $849K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.21 | +0.012% | $992K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0016% | 1h | 120.99 | −0.170% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.21 | +0.012% | $1.3M | $3.2M | 10x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.11 | −0.071% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.12 | −0.062% | $51.3M | $28.4M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 121.00 | −0.161% | $251K | $344K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.15 | −0.034% | $728 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.12 | −0.062% | $1.2M | $1.5M | 15x | as long as short |
| Pacifica HOODlong | +0.0100% | 1h | 121.20 | long leg | $68K | $107K | 10x | |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.19 | −0.005% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.12 | −0.062% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.18 | −0.013% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.14 | −0.047% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | −0.079% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.19 | −0.005% | $174K | $159K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 121.18 | −0.013% | $28K | $238K | 10x | as long as short |
| Lighter HOOD | +0.0184% | 1h | 121.13 | −0.053% | $2.8M | $3.2M | 10x | as long as short |
| edgeX HOODUSDCshort | +0.0547% | 4h | 121.10 | −0.076% | $364K | $304K | 10x | |
| Deribit HOOD_USDC-PERPETUAL | +0.1155% | 1h | 121.19 | −0.005% | $6K | $54K | 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
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
Phoenix HOOD
Lighter HOOD
Deribit HOOD_USDC-PERPETUAL