Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.049%
Price spread now: Arcus against Polymarket Perps+0.190%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 4 days (all we have)+0.310%+$31 on $10k
+Price spread, last 7 days−0.239%−$24 · spread now +0.190%, 7d avg +0.092%
=The price spread pays, funding is against you. Arcus is 0.098% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of +0.092%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 34 days. Mind the row above: over the last 4 days funding on this pair paid +0.310%, 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 | Polymarket Perps HOOD-USD | 120.85 | 0.0050 | pay 0.0006% / 1h | 14m 01s | $251K | $344K | 10x |
| Short | Arcus HOOD-USD | 121.08 | 0.0040 | get 0.0005% / 1h | 14m 01s | $1.1M | $1.7M | 10x |
Polymarket Perps HOOD-USD
Arcus HOOD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Polymarket Perps. 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
- −$2.04
- Price spread: +0.190% → +0.092%
- $9.79
- Slippage, 4 orders
- −$21.45
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$26.21
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 38 min ago; Arcus: live order book, 5 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 Polymarket Perps live order book, 38 min ago | 3.30 bp | 7.3 bp −$7 | 7.3 bp −$73 | 9.4 bp −$939 | doesn't fit |
| Sell Arcus live order book, 5 min ago | 0.41 bp | 8.0 bp −$8 | 10.3 bp −$103 | 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 | 120.88 | +0.025% | $58K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0130% | 8h | 121.09 | +0.199% | $572K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0108% | 8h | 121.11 | +0.215% | $5.4M | $9.7M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.05 | +0.168% | $106K | $280K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.03 | +0.145% | $360K | $1.4M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.05 | +0.169% | $20.8M | $91.2M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.12 | +0.223% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.02 | +0.141% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.09 | +0.198% | $383K | $1.4M | 10x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 121.17 | +0.264% | $2.3M | $1.1M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.21 | +0.298% | $850K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.07 | +0.182% | $990K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0016% | 1h | 120.84 | −0.008% | — | $63K | 25x | as long as short |
| QFEX HOOD-USD | +0.0022% | 1h | 121.03 | +0.149% | $1.3M | $3.2M | 10x | as long as short |
| Arcus HOOD-USDshort | +0.0040% | 1h | 121.08 | +0.190% | $1.1M | $1.7M | 10x | |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.97 | +0.099% | $51.3M | $28.4M | 10x | as long as short |
| Polymarket Perps HOOD-USDlong | +0.0050% | 1h | 120.85 | long leg | $251K | $344K | 10x | |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.01 | +0.136% | $727 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.08 | +0.190% | $1.2M | $1.5M | 15x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0081% | 1h | 121.06 | +0.174% | $6K | $54K | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.09 | +0.197% | $67K | $107K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.08 | +0.190% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.07 | +0.182% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.05 | +0.165% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.01 | +0.130% | $16K | — | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0120% | 1h | 121.10 | +0.207% | $193K | $1.9M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.15 | +0.248% | $174K | $159K | 20x | as long as short |
| Phoenix HOOD | +0.0132% | 1h | 121.18 | +0.273% | $28K | $238K | 10x | as long as short |
| Lighter HOOD | +0.0176% | 1h | 121.03 | +0.148% | $2.8M | $3.2M | 10x | as long as short |
| edgeX HOODUSDC | +0.0593% | 4h | 121.22 | +0.303% | $365K | $305K | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
QFEX HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Deribit HOOD_USDC-PERPETUAL
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Coinbase International HOOD-PERP-INTX
BloFin HOOD-USDT
Phoenix HOOD
Lighter HOOD
edgeX HOODUSDC