Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against Pacifica−0.028%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.028%, 7d avg +0.018%
=Together, before fees+0.190%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.046% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.143%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica HOOD | 120.49 | 0.0100 | pay 0.0013% / 1h | 26m 16s | $67K | $105K | 10x |
| Short | Lighter HOOD | 120.46 | 0.0032 | get 0.0004% / 1h | 26m 16s | $2.8M | $3.2M | 10x |
Pacifica HOOD
Lighter HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$14.28
- Price spread: −0.028% → +0.018%
- −$4.65
- Slippage, 4 orders
- −$15.16
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$42.09
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 21 min ago; Lighter: live order book, 6 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, 21 min ago | 2.77 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.53 bp | 1.8 bp −$2 | 6.7 bp −$67 | 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 | 120.35 | −0.116% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0271% | 8h | 120.54 | +0.041% | $5.4M | $9.8M | 20x | as long as short |
| Gate HOOD_USDT | −0.0171% | 8h | 120.55 | +0.050% | $579K | $7.6M | 50x | as long as short |
| Polymarket Perps HOOD-USD | −0.0051% | 1h | 120.29 | −0.166% | $250K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.52 | +0.027% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.47 | −0.020% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.50 | +0.008% | $20.6M | $91.6M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.49 | 0.000% | $3.7M | $8.9M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.48 | −0.009% | $2.7M | $6.1M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.60 | +0.092% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
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 | 120.65 | +0.131% | $844K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.49 | 0.000% | $986K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0012% | 1h | 120.30 | −0.158% | — | $63K | 25x | as long as short |
| Lighter HOODshort | +0.0032% | 1h | 120.46 | −0.028% | $2.8M | $3.2M | 10x | |
| Arcus HOOD-USD | +0.0040% | 1h | 120.49 | 0.000% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.46 | −0.025% | $51.1M | $28.4M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.47 | −0.014% | $719 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.53 | +0.033% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0053% | 1h | 120.48 | −0.009% | $1.3M | $3.0M | 10x | as long as short |
| edgeX HOODUSDC | +0.0075% | 4h | 120.67 | +0.150% | $363K | $306K | 10x | as long as short |
| Pacifica HOODlong | +0.0100% | 1h | 120.49 | long leg | $67K | $105K | 10x | |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.50 | +0.008% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.56 | +0.058% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.49 | 0.000% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.46 | −0.027% | $16K | — | 10x | as long as short |
| RISEx HOOD/USDC | +0.0109% | 1h | 120.52 | +0.028% | $421K | $1.4M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.58 | +0.074% | $174K | $157K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 120.59 | +0.083% | $28K | $238K | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0165% | 1h | 120.46 | −0.025% | $6K | $55K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.34 | −0.125% | $192K | $1.8M | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
edgeX HOODUSDC
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
RISEx HOOD/USDC
BloFin HOOD-USDT
Phoenix HOOD
Deribit HOOD_USDC-PERPETUAL
Coinbase International HOOD-PERP-INTX