Funding you earn now, next payment 07:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.051%
Price spread now: Hibachi against BingX+0.035%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Funding, last 7 days+0.377%+$38 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now +0.035%, 7d avg +0.038%
=Together, before fees+0.390%+ Points / potential airdropHibachi: Active · farm board+$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTC-USDT | 85,234.1 | 0.0070 | pay 0.0070% / 8h | 1h 35m | — | $1.55B | — |
| Short | Hibachi BTC/USDT-P | 85,264.1 | 0.0248 | get 0.0031% / 1h | 35m 09s | $684K | $7.9M | 30x |
BingX BTC-USDT
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against BingX. 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
- $37.38
- Price spread: +0.035% → +0.038%
- −$0.24
- Slippage, 4 orders
- −$0.75
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $17.39
- Costs to cover
- 0.198%
- Break-even
- 3.7 days
Slippage from BingX: live order book, 9 min ago; Hibachi: 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 BingX live order book, 9 min ago | 0.02 bp | 5.0 bp −$5 | 5.1 bp −$51 | 5.4 bp −$542 | 5.6 bp −$2,798 |
| Sell Hibachi live order book, 4 min ago | 0.01 bp | 4.5 bp −$5 | 5.0 bp −$50 | 42.5 bp −$4,252 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,242 | +0.009% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,255 | +0.025% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0046% | 8h | 85,226 | −0.010% | $927.3M | $773.9M | 125x | as long as short |
| BloFin BTC-USDT | −0.0028% | 8h | 85,224.2 | −0.012% | $421.0M | $681.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,229 | −0.006% | $512.1M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,233.1 | −0.001% | $16.7M | $21.4M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,240.1 | +0.007% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,254.6 | +0.024% | $495K | $18.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,241.3 | +0.008% | $36.4M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0045% | 1h | 85,234.8 | +0.001% | $24.4M | $222.5M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0055% | 1h | 85,263.5 | +0.035% | $139.4M | $314.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | +0.015% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDTlong | +0.0070% | 8h | 85,234.1 | long leg | — | $1.55B | — | |
| Bitget BTCUSDT | +0.0088% | 8h | 85,230.6 | −0.004% | $2.96B | $5.18B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,220.5 | −0.016% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,242.7 | +0.010% | $186.0M | $957.5M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0089% | 1h | 85,269.5 | +0.042% | $862.3M | $1.64B | 50x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,231.3 | −0.003% | $5.01B | $5.75B | 500x | as long as short |
| Binance BTCUSDT | +0.0092% | 8h | 85,231.3 | −0.003% | $9.42B | $24.96B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,243.3 | +0.011% | $169.8M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,240.9 | +0.008% | $23.5M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,226 | −0.010% | $8.4M | $56.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 85,225 | −0.011% | $59.6M | $336.9M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,204 | −0.035% | $237K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,297.6 | +0.074% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,308 | +0.087% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,263.9 | +0.035% | $40.2M | $604.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,230.4 | −0.004% | $5.13B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,238 | +0.005% | $2.59B | $12.24B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,220 | −0.017% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,231.1 | −0.004% | $5.2M | $99.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,278.8 | +0.052% | $682.9M | $449.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,237.7 | +0.004% | $5.49B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,225.9 | −0.010% | $36.9M | $179.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,207.8 | −0.031% | $154.6M | $557.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,237.8 | +0.004% | $279.3M | $950.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,263.3 | +0.034% | $214.1M | $166.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,255.1 | +0.025% | $30.0M | $203.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,292.2 | +0.068% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,232 | −0.002% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,231.8 | −0.003% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,227.3 | −0.008% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,267.1 | +0.039% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.023% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,213.2 | −0.025% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,230.2 | −0.005% | $2.25B | $969.4M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,244.3 | +0.012% | $150.9M | $509.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,203.2 | −0.036% | $44.8M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,248.8 | +0.017% | — | $107.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,268.2 | +0.040% | $117.0M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0127% | 1h | 85,221.3 | −0.015% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,243.6 | +0.011% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0185% | 8h | 85,262 | +0.033% | $11.7M | $741.8M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,253.6 | +0.023% | $8.7M | $42.9M | 25x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0248% | 1h | 85,264.1 | +0.035% | $684K | $7.9M | 30x | |
| Aftermath Perps BTCUSD | +0.0265% | 1h | 85,279 | +0.053% | $79K | $229K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
Bitget BTCUSDT
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Aftermath Perps BTCUSD