Funding you earn now, next payment 07:00 UTC−0.0214%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h −0.007%
Price spread now: Phoenix against RISEx−0.112%7-day average −0.029% · 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−$44as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 4 days (all we have)−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.112%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phoenix is 0.083% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx HOOD/USDC | 120.52 | 0.0479 | pay 0.0060% / 1h | 3m 11s | $417K | $1.4M | 10x |
| Short | Phoenix HOOD | 120.38 | 0.0265 | get 0.0033% / 1h | 3m 11s | $28K | $238K | 10x |
RISEx HOOD/USDC
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against RISEx. 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
- −$44.87
- Price spread: −0.112% → −0.029%
- −$8.28
- Slippage, 4 orders
- −$22.4
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$88.55
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from RISEx: live order book, just now; Phoenix: live order book, 29 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 RISEx live order book, just now | 1.66 bp | 4.7 bp −$5 | 5.6 bp −$56 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 29 min ago | 4.15 bp | 13.0 bp −$13 | 28.5 bp −$285 | 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 | 120.22 | −0.245% | $57K | $57K | 30x | as long as short |
| Bitget HOODUSDT | −0.0162% | 8h | 120.55 | +0.029% | $5.5M | $9.9M | 20x | as long as short |
| Gate HOOD_USDT | −0.0160% | 8h | 120.51 | −0.004% | $598K | $7.6M | 50x | as long as short |
| Polymarket Perps HOOD-USD | −0.0026% | 1h | 120.28 | −0.195% | $251K | $345K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.47 | −0.039% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.46 | −0.045% | $358K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.51 | −0.003% | $20.8M | $91.8M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.41 | −0.087% | $3.7M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.43 | −0.071% | $2.7M | $6.2M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.39 | −0.105% | $2.2M | $1.0M | — | as long as short |
Injective HOOD/USDC PERP
Bitget HOODUSDT
Gate HOOD_USDT
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
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 | 120.38 | −0.111% | $847K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.50 | −0.013% | $986K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0015% | 1h | 120.27 | −0.204% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.35 | −0.137% | $1.1M | $1.7M | 10x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 120.47 | −0.038% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.41 | −0.087% | $51.1M | $26.9M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.47 | −0.040% | $720 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.28 | −0.195% | $1.3M | $1.4M | 15x | as long as short |
| Lighter HOOD | +0.0072% | 1h | 120.46 | −0.047% | $2.8M | $3.2M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.43 | −0.071% | $74K | $111K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.47 | −0.038% | $1.3M | $1.4M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.35 | −0.137% | $5K | $40K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.47 | −0.038% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.45 | −0.052% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.52 | +0.004% | $173K | $175K | 20x | as long as short |
| edgeX HOODUSDC | +0.0143% | 4h | 120.38 | −0.110% | $362K | $304K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0192% | 1h | 120.33 | −0.154% | $196K | $1.8M | 10x | as long as short |
| Phoenix HOODshort | +0.0265% | 1h | 120.38 | −0.112% | $28K | $238K | 10x | |
| Deribit HOOD_USDC-PERPETUAL | +0.0415% | 1h | 120.47 | −0.038% | $6K | $52K | 10x | as long as short |
| RISEx HOOD/USDClong | +0.0479% | 1h | 120.52 | long leg | $417K | $1.4M | 10x |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
Arcus HOOD-USD
QFEX HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
Lighter HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
edgeX HOODUSDC
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL