HOOD

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0197%/8h= +21.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.040%

Price spread now: Deribit against Phoenix−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.025% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix HOOD	120.99	0.0132	pay 0.0017% / 1h	44m 49s	$28K	$238K	10x
Short	Deribit HOOD_USDC-PERPETUAL	120.96	0.0329	get 0.0041% / 1h	44m 49s	$6K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. 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 PhoenixbpFee DeribitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $41.3
Price spread: −0.025% → 0.000%: −$2.48
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $24.82
Costs to cover: 0.140%
Break-even: 2.8 days

Slippage unknown: Phoenix: live order book, 63 min ago; Deribit: no order-book sample. Net counts fees only.

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, 63 min ago	2.47 bp	10.5 bp −$11	22.3 bp −$223	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	120.64	−0.289%	$57K	$57K	30x	as long as short
Bitget HOODUSDT	−0.0171%	8h	121.03	+0.033%	$5.4M	$9.8M	20x	as long as short
Gate HOOD_USDT	−0.0158%	8h	121.01	+0.017%	$582K	$7.6M	50x	as long as short
Polymarket Perps HOOD-USD	−0.0027%	1h	120.80	−0.157%	$251K	$344K	10x	as long as short
Aster HOODUSDT	0.0000%	8h	121.02	+0.025%	$106K	$280K	20x	as long as short
Extended HOOD_24_5-USD	0.0000%	1h	121.00	+0.007%	$358K	$1.4M	10x	as long as short
Binance HOODUSDT	0.0000%	8h	121.03	+0.033%	$20.7M	$91.5M	20x	as long as short
Bybit HOODUSDT	0.0000%	8h	120.99	0.000%	$3.8M	$8.9M	25x	as long as short
OKX HOOD-USDT-SWAP	0.0000%	8h	121.01	+0.017%	$2.7M	$6.1M	20x	as long as short
Variational Omni HOOD	0.0000%	8h	120.92	−0.055%	$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	121.05	+0.049%	$849K	$2.0M	10x	as long as short
Phemex HOODUSDT	0.0000%	8h	121.02	+0.025%	$990K	$9K	10x	as long as short
Vest HOOD-USD-PERP	+0.0012%	1h	120.83	−0.132%	—	$63K	25x	as long as short
Lighter HOOD	+0.0032%	1h	120.94	−0.045%	$2.8M	$3.2M	10x	as long as short
Arcus HOOD-USD	+0.0040%	1h	120.92	−0.058%	$1.1M	$1.7M	10x	as long as short
tradeXYZ xyz:HOOD	+0.0050%	1h	120.90	−0.074%	$51.2M	$28.3M	10x	as long as short
SoDEX HOOD-USD	+0.0050%	1h	120.94	−0.037%	$724	$4K	10x	as long as short
Ondo Perps HOOD-USD.P	+0.0050%	1h	120.94	−0.041%	$1.2M	$1.5M	15x	as long as short
QFEX HOOD-USD	+0.0053%	1h	121.01	+0.017%	$1.3M	$3.1M	10x	as long as short
Pacifica HOOD	+0.0100%	1h	120.94	−0.042%	$67K	$107K	10x	as long as short
KuCoin HOODUSDTM	+0.0100%	8h	121.00	+0.008%	$1.3M	$1.3M	20x	as long as short
ApeX Omni HOODUSDT	+0.0100%	1h	120.99	0.000%	$5K	$41K	50x	as long as short
Orderly PERP_HOOD_USDC_mythos	+0.0100%	8h	120.96	−0.025%	$2K	$2K	10x	as long as short
Aevo HOOD-PERP	+0.0104%	1h	120.92	−0.054%	$16K	—	10x	as long as short
RISEx HOOD/USDC	+0.0109%	1h	121.01	+0.020%	$382K	$1.4M	10x	as long as short
BloFin HOOD-USDT	+0.0120%	8h	120.98	−0.008%	$174K	$162K	20x	as long as short
Phoenix HOODlong	+0.0132%	1h	120.99	long leg	$28K	$238K	10x
Coinbase International HOOD-PERP-INTX	+0.0184%	1h	120.77	−0.182%	$193K	$1.8M	10x	as long as short
Deribit HOOD_USDC-PERPETUALshort	+0.0329%	1h	120.96	−0.025%	$6K	$55K	10x
edgeX HOODUSDC	+0.0584%	4h	121.04	+0.043%	$364K	$305K	10x	as long as short