Funding you earn now, next payment 08:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.053%
Price spread now: QFEX against Phoenix−0.631%52s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.414% of the position
Funding, last 4 days (all we have)−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)+0.694%+$69 · spread now −0.631%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.627% cheaper against Phoenix than usual: you would sell low and buy high (−$63 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 52 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 | Phoenix HOOD | 122.04 | 0.0133 | pay 0.0017% / 1h | 54m 24s | $28K | $239K | 10x |
| Short | QFEX HOOD-USD | 121.27 | 0.0062 | get 0.0008% / 1h | 54m 24s | $1.3M | $2.8M | 10x |
Phoenix HOOD
QFEX HOOD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$14.82
- Price spread: −0.631% → −0.004%
- −$62.7
- Slippage, 4 orders
- −$24.39
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$118.9
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 33 min ago; QFEX: live order book, 4 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, 33 min ago | 4.18 bp | 13.1 bp −$13 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.46 bp | 7.6 bp −$8 | 9.8 bp −$98 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HOODUSDT | 0.0000% | 8h | 121.60 | −0.358% | $110K | $285K | 20x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.44 | −0.492% | $2.7M | $6.1M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.47 | −0.467% | $579K | $6.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.38 | −0.541% | $5.5M | $9.3M | 20x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.36 | −0.557% | $6K | $50K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.51 | −0.434% | $994K | $8K | 10x | as long as short |
| Bybit HOODUSDT | +0.0005% | 8h | 121.38 | −0.541% | $3.7M | $7.8M | 25x | as long as short |
| Variational Omni HOOD | +0.0016% | 8h | 121.90 | −0.114% | $2.3M | $938K | — | as long as short |
| edgeX HOODUSDC | +0.0016% | 4h | 121.82 | −0.182% | $367K | $302K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0020% | 1h | 121.24 | −0.656% | — | $64K | 25x | as long as short |
Aster HOODUSDT
OKX HOOD-USDT-SWAP
Gate HOOD_USDT
Bitget HOODUSDT
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Bybit HOODUSDT
Variational Omni HOOD
edgeX HOODUSDC
Vest HOOD-USD-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus HOOD-USD | +0.0040% | 1h | 121.28 | −0.623% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0043% | 1h | 121.33 | −0.582% | $253K | $336K | 10x | as long as short |
| Lighter HOOD | +0.0048% | 1h | 121.23 | −0.662% | $2.9M | $3.0M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.33 | −0.582% | $51.1M | $25.8M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.49 | −0.451% | $731 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.95 | −0.074% | $1.3M | $1.3M | 15x | as long as short |
| QFEX HOOD-USDshort | +0.0062% | 1h | 121.27 | −0.631% | $1.3M | $2.8M | 10x | |
| Pacifica HOOD | +0.0100% | 1h | 121.26 | −0.636% | $74K | $108K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.38 | −0.541% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.74 | −0.246% | $5K | $30K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.47 | −0.467% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.49 | −0.450% | $16K | — | 10x | as long as short |
| Phoenix HOODlong | +0.0133% | 1h | 122.04 | long leg | $28K | $239K | 10x | |
| Binance HOODUSDT | +0.0160% | 8h | 121.44 | −0.494% | $21.1M | $89.1M | 20x | as long as short |
| Extended HOOD_24_5-USD | +0.0168% | 1h | 121.33 | −0.581% | $361K | $2.3M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0176% | 1h | 121.91 | −0.107% | $232K | $1.8M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0284% | 8h | 121.55 | −0.402% | $173K | $178K | 20x | as long as short |
| Injective HOOD/USDC PERP | +0.0440% | 1h | 121.59 | −0.369% | $30K | $94K | 30x | as long as short |
| GRVT HOOD_USDT_Perp | +0.1049% | 8h | 121.91 | −0.107% | $860K | $1.8M | 10x | as long as short |
| RISEx HOOD/USDC | +0.1124% | 1h | 121.47 | −0.471% | $411K | $1.3M | 10x | as long as short |
Arcus HOOD-USD
Polymarket Perps HOOD-USD
Lighter HOOD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Binance HOODUSDT
Extended HOOD_24_5-USD
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
Injective HOOD/USDC PERP
GRVT HOOD_USDT_Perp
RISEx HOOD/USDC