HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.008%

Price spread now: tradeXYZ against Pacifica−0.065%54s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$390.392% of the position

Long on Pacifica Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.065%, 7d avg −0.023%

Together, before fees−0.004%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board$0 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 tradeXYZ is 0.042% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HOOD	121.15	0.0100	pay 0.0013% / 1h	36m 56s	$68K	$109K	10x
Short	tradeXYZ xyz:HOOD	121.07	0.0050	get 0.0006% / 1h	36m 56s	$51.4M	$28.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Pacifica. 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

Position, each leg$Hold fordaysFee PacificabpFee tradeXYZbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$10.5
Price spread: −0.065% → −0.023%: −$4.2
Slippage, 4 orders: −$13.2
Fee Pacifica: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$53.9
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from Pacifica: live order book, 15 min ago; tradeXYZ: 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 Pacifica live order book, 15 min ago	2.02 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.83 bp	11.5 bp −$11	15.1 bp −$151	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	120.89	−0.214%	$58K	$57K	30x	as long as short
Gate HOOD_USDT	−0.0109%	8h	121.20	+0.042%	$574K	$7.7M	50x	as long as short
Bitget HOODUSDT	−0.0041%	8h	121.20	+0.042%	$5.4M	$9.7M	20x	as long as short
Aster HOODUSDT	0.0000%	8h	121.18	+0.024%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.14	−0.007%	$357K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.17	+0.019%	$20.8M	$91.1M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	121.20	+0.042%	$3.9M	$8.7M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.12	−0.024%	$2.7M	$6.0M	20x	as long as short
RISEx HOOD/USDC	0.0000%	1h	121.15	+0.001%	$383K	$1.4M	10x	as long as short
Variational Omni HOOD	0.0000%	8h	121.08	−0.054%	$2.3M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT HOOD_USDT_Perp	0.0000%	8h	121.18	+0.026%	$847K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.20	+0.042%	$991K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0014%	1h	120.95	−0.164%	—	$63K	25x	as long as short
QFEX HOOD-USD	+0.0022%	1h	121.16	+0.009%	$1.3M	$3.4M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	121.13	−0.015%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOODshort	+0.0050%	1h	121.07	−0.065%	$51.4M	$28.3M	10x
Polymarket Perps HOOD-USD	+0.0050%	1h	120.98	−0.139%	$251K	$344K	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	121.16	+0.008%	$729	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.95	−0.164%	$1.2M	$1.5M	15x	as long as short
Pacifica HOODlong	+0.0100%	1h	121.15	long leg	$68K	$109K	10x
KuCoin HOODUSDTM	+0.0100%	8h	121.21	+0.051%	$1.3M	$1.2M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	121.07	−0.065%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	121.15	+0.001%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	121.14	−0.011%	$16K	—	10x	as long as short
Coinbase International HOOD-PERP-INTX	+0.0120%	1h	121.10	−0.040%	$193K	$1.9M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	121.17	+0.018%	$175K	$158K	20x	as long as short
Phoenix HOOD	+0.0132%	1h	121.18	+0.026%	$27K	$238K	10x	as long as short
Lighter HOOD	+0.0192%	1h	121.13	−0.018%	$2.8M	$3.2M	10x	as long as short
Deribit HOOD_USDC-PERPETUAL	+0.0907%	1h	121.16	+0.009%	$6K	$57K	10x	as long as short
edgeX HOODUSDC	+0.0975%	4h	121.16	+0.013%	$365K	$304K	10x	as long as short