After costs, if the gap returns to its 7d average, $10k−$48
spread now+0.008%7d average+0.008%fees + slippage, in and out−$48spread needed0.477%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix HOOD | 124.78 | 0.0128 | pay 0.0016% / 1h | 38m 54s | $28K | $173K | 10x |
| Short | Bybit HOODUSDT | 124.79 | 0 | get 0.0000% / 8h | 7h 38m | $4.2M | $7.7M | 25x |
Phoenix HOOD
Bybit HOODUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.8
- Funding while held
- −$3.85
- Slippage, 4 orders
- −$29.72
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$50.77
- Spread needed to break even
- 0.477%
Slippage from Phoenix: live order book, 60 min ago; Bybit: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0128%
- Per $10,000 a day
- −$3.85
- Average in range /8h
- —
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 Phoenix live order book, 60 min ago | 3.24 bp | 10.9 bp −$11 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 1.21 bp | 13.0 bp −$13 | 36.8 bp −$368 | 173.3 bp −$17.3K | doesn't fit |
HOOD price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni124.63cheapestPolymarket Perps124.67+0.032%KuCoin124.76+0.104%OKX124.77+0.112%Ondo Perps124.78+0.120%
ApeX Omni
Polymarket Perps
KuCoin
OKX
Ondo PerpsPhoenix124.78+0.120%
Bybit124.79+0.128%
Pacifica124.79+0.132%Extended124.80+0.133%Binance124.80+0.137%Arcus124.81+0.144%Vest124.81+0.144%Bitget124.82+0.152%Aster124.83+0.161%Variational Omni124.86+0.183%QFEX124.86+0.185%Gate124.86+0.185%SoDEX124.87+0.194%RISEx124.87+0.195%tradeXYZ124.88+0.201%Deribit124.89+0.209%Phemex124.89+0.209%Aevo124.90+0.214%edgeX124.90+0.214%Orderly124.90+0.217%Lighter124.90+0.219%Coinbase International124.92+0.233%BloFin124.92+0.233%Injective125.04+0.329%
Pacifica
Extended
Binance
Arcus
Vest
Bitget
Aster
Variational Omni
QFEX
Gate
SoDEX
RISEx
tradeXYZ
Deribit
Phemex
Aevo
Orderly
Lighter
Coinbase International
BloFin
InjectiveHOOD on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni HOODUSDT | −0.120% | +0.0100% | 1h | $46K | $255K | 50x | as long as short |
| Polymarket Perps HOOD-USD | −0.088% | −0.0199% | 1h | $254K | $267K | 10x | as long as short |
| KuCoin HOODUSDTM | −0.016% | +0.0100% | 8h | $1.3M | $948K | 20x | as long as short |
| OKX HOOD-USDT-SWAP | −0.008% | 0.0000% | 8h | $3.1M | $5.3M | 20x | as long as short |
| Ondo Perps HOOD-USD.P | 0.000% | +0.0050% | 1h | $1.5M | $1.3M | 15x | as long as short |
| Phoenix HOODlong | 0.000% | +0.0128% | 1h | $28K | $173K | 10x | |
| Bybit HOODUSDTshort | +0.008% | 0.0000% | 8h | $4.2M | $7.7M | 25x | |
| Pacifica HOOD | +0.011% | +0.0100% | 1h | $71K | $99K | 10x | as long as short |
| Extended HOOD_24_5-USD | +0.013% | +0.0152% | 1h | $421K | $1.2M | 10x | as long as short |
| Binance HOODUSDT | +0.017% | +0.0156% | 8h | $24.7M | $71.5M | 20x | as long as short |