Funding you earn now, next payment 02:00 UTC−0.0165%/8h= −18.1% APRnext payment −$0.21 per $10,000 · paid last 24h −0.038%
Price spread now: Lighter against Phoenix−0.006%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.006%, 7d avg −0.004%
=Together, before fees+0.349%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.104%, 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 | Phoenix HOOD | 121.59 | 0.0197 | pay 0.0025% / 1h | 48m 23s | $28K | $239K | 10x |
| Short | Lighter HOOD | 121.58 | 0.0032 | get 0.0004% / 1h | 48m 23s | $2.8M | $3.1M | 10x |
Phoenix HOOD
Lighter HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phoenix. 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
- −$34.67
- Price spread: −0.006% → −0.004%
- −$0.17
- Slippage, 4 orders
- −$20.96
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$62.81
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 9 min ago; Lighter: live order book, 9 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 Phoenix live order book, 9 min ago | 4.11 bp | 13.0 bp −$13 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 0.21 bp | 1.1 bp −$1 | 6.9 bp −$69 | 353.5 bp −$35.4K | doesn't fit |
HOOD on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0201% | 1h | 121.38 | −0.173% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.60 | +0.008% | $106K | $279K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.57 | −0.019% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.59 | +0.003% | $21.1M | $90.2M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.58 | −0.008% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.60 | +0.008% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.57 | −0.019% | $376K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.62 | +0.025% | $579K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.63 | +0.033% | $5.4M | $9.5M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.59 | +0.001% | $2.3M | $1.1M | — | as long as short |
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOODShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.59 | +0.002% | $858K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.57 | −0.016% | $994K | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0024% | 1h | 121.53 | −0.049% | $1.3M | $3.8M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0025% | 1h | 121.43 | −0.132% | — | $62K | 25x | as long as short |
| Lighter HOODshort | +0.0032% | 1h | 121.58 | −0.006% | $2.8M | $3.1M | 10x | |
| Arcus HOOD-USD | +0.0040% | 1h | 121.54 | −0.041% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.55 | −0.033% | $52.0M | $28.1M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.59 | −0.002% | $732 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.49 | −0.082% | $1.2M | $1.5M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0056% | 1h | 121.54 | −0.041% | $194K | $1.9M | 10x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0079% | 1h | 121.58 | −0.008% | $7K | $68K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.57 | −0.013% | $68K | $110K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.61 | +0.016% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.62 | +0.025% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.60 | +0.008% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.58 | −0.008% | $16K | — | 10x | as long as short |
| Phoenix HOODlong | +0.0197% | 1h | 121.59 | long leg | $28K | $239K | 10x | |
| Injective HOOD/USDC PERP | +0.0345% | 1h | 121.40 | −0.156% | $58K | $57K | 30x | as long as short |
| edgeX HOODUSDC | +0.0404% | 4h | 121.56 | −0.024% | $366K | $304K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
QFEX HOOD-USD
Vest HOOD-USD-PERP
Arcus HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Injective HOOD/USDC PERP
edgeX HOODUSDC