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: Phoenix against QFEX+0.635%52s7-day average +0.004% · 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—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)−0.698%−$70 · spread now +0.635%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.631% dearer against QFEX than usual: you sell high and buy low: +$63 more if the spread goes back to its 7-day average of +0.004%. 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 | QFEX HOOD-USD | 121.27 | 0.0062 | pay 0.0008% / 1h | 54m 24s | $1.3M | $2.8M | 10x |
| Short | Phoenix HOOD | 122.04 | 0.0133 | get 0.0017% / 1h | 54m 24s | $28K | $239K | 10x |
QFEX HOOD-USD
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against QFEX. 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: +0.635% → +0.004%
- $63.1
- Slippage, 4 orders
- −$24.39
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $36.53
- Costs to cover
- 0.414%
- Break-even
- from the start
Slippage from QFEX: live order book, 4 min ago; Phoenix: live order book, 33 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 QFEX live order book, 4 min ago | 2.46 bp | 7.6 bp −$8 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 33 min ago | 4.18 bp | 13.1 bp −$13 | 28.7 bp −$287 | 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 | +0.275% | $110K | $285K | 20x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.44 | +0.140% | $2.7M | $6.1M | 20x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.47 | +0.165% | $579K | $6.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.38 | +0.091% | $5.5M | $9.3M | 20x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 121.36 | +0.074% | $6K | $50K | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.51 | +0.198% | $994K | $8K | 10x | as long as short |
| Bybit HOODUSDT | +0.0005% | 8h | 121.38 | +0.091% | $3.7M | $7.8M | 25x | as long as short |
| Variational Omni HOOD | +0.0016% | 8h | 121.90 | +0.521% | $2.3M | $938K | — | as long as short |
| edgeX HOODUSDC | +0.0016% | 4h | 121.82 | +0.452% | $367K | $302K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0020% | 1h | 121.24 | −0.025% | — | $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 | +0.008% | $1.1M | $1.8M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0043% | 1h | 121.33 | +0.049% | $253K | $336K | 10x | as long as short |
| Lighter HOOD | +0.0048% | 1h | 121.23 | −0.031% | $2.9M | $3.0M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.33 | +0.049% | $51.1M | $25.8M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.49 | +0.181% | $731 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.95 | +0.561% | $1.3M | $1.3M | 15x | as long as short |
| QFEX HOOD-USDlong | +0.0062% | 1h | 121.27 | long leg | $1.3M | $2.8M | 10x | |
| Pacifica HOOD | +0.0100% | 1h | 121.26 | −0.005% | $74K | $108K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.38 | +0.091% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.74 | +0.388% | $5K | $30K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.47 | +0.165% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.49 | +0.182% | $16K | — | 10x | as long as short |
| Phoenix HOODshort | +0.0133% | 1h | 122.04 | +0.635% | $28K | $239K | 10x | |
| Binance HOODUSDT | +0.0160% | 8h | 121.44 | +0.138% | $21.1M | $89.1M | 20x | as long as short |
| Extended HOOD_24_5-USD | +0.0168% | 1h | 121.33 | +0.050% | $361K | $2.3M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0176% | 1h | 121.91 | +0.528% | $232K | $1.8M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0284% | 8h | 121.55 | +0.231% | $173K | $178K | 20x | as long as short |
| Injective HOOD/USDC PERP | +0.0440% | 1h | 121.59 | +0.264% | $30K | $94K | 30x | as long as short |
| GRVT HOOD_USDT_Perp | +0.1049% | 8h | 121.91 | +0.528% | $860K | $1.8M | 10x | as long as short |
| RISEx HOOD/USDC | +0.1124% | 1h | 121.47 | +0.161% | $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