Funding you earn now, next payment 02:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.058%
Price spread now: Phoenix against Variational Omni−0.078%69s7-day average 0.000% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.078%, 7d avg 0.000%
=Together, before fees+0.148%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.078% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of 0.000%). If the spread goes back, that is −$8 on $10k: about 32 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.024% in total) that is about 11 days. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.024% in total (about 2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni HOOD | 122.02 | 0 | get 0.0000% / 8h | 5h 26m | $2.3M | $1.1M | — |
| Short | Phoenix HOOD | 121.93 | 0.0197 | get 0.0025% / 1h | 26m 17s | $28K | $239K | 10x |
Variational Omni HOOD
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $41.39
- Price spread: −0.078% → 0.000%
- −$7.79
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $26.6
- Costs to cover
- 0.070%
- Break-even
- 2.5 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Phoenix: live order book, 31 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 3 min ago | 3.20 bp | doesn't fit | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 31 min ago | 4.11 bp | 13.0 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0121% | 1h | 121.51 | −0.422% | $252K | $344K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 121.68 | −0.281% | $106K | $279K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 121.67 | −0.289% | $358K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.70 | −0.265% | $21.0M | $90.4M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 121.68 | −0.283% | $3.9M | $8.7M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 121.71 | −0.258% | $2.7M | $6.0M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 121.67 | −0.288% | $379K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 121.75 | −0.225% | $579K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 121.76 | −0.217% | $5.4M | $9.6M | 20x | as long as short |
| Variational Omni HOODlong | 0.0000% | 8h | 122.02 | long leg | $2.3M | $1.1M | — |
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 HOODUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 121.85 | −0.144% | $855K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 121.72 | −0.250% | $996K | $8K | 10x | as long as short |
| QFEX HOOD-USD | +0.0024% | 1h | 121.67 | −0.291% | $1.3M | $3.7M | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0026% | 1h | 121.56 | −0.381% | — | $62K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 121.67 | −0.291% | $1.1M | $1.7M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 121.67 | −0.291% | $52.0M | $28.1M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 121.66 | −0.299% | $733 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 121.74 | −0.234% | $1.2M | $1.5M | 15x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0056% | 1h | 121.54 | −0.397% | $194K | $1.9M | 10x | as long as short |
| Lighter HOOD | +0.0088% | 1h | 121.66 | −0.302% | $2.8M | $3.1M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 121.66 | −0.295% | $68K | $108K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 121.74 | −0.234% | $1.3M | $1.2M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 121.95 | −0.061% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.69 | −0.275% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 121.66 | −0.297% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 121.66 | −0.299% | $174K | $159K | 20x | as long as short |
| Phoenix HOODshort | +0.0197% | 1h | 121.93 | −0.078% | $28K | $239K | 10x | |
| Deribit HOOD_USDC-PERPETUAL | +0.0243% | 1h | 121.67 | −0.291% | $7K | $68K | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0345% | 1h | 121.36 | −0.545% | $58K | $57K | 30x | as long as short |
| edgeX HOODUSDC | +0.0703% | 4h | 121.86 | −0.138% | $367K | $306K | 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
Lighter HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Deribit HOOD_USDC-PERPETUAL
Injective HOOD/USDC PERP
edgeX HOODUSDC