Funding you earn now, next payment 00:00 UTC+0.0157%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.069%
Price spread now: Hibachi against dYdX+0.016%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs+$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 7 days+0.463%+$46 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now +0.016%, 7d avg +0.043%
=Together, before fees+0.473%+ Points / potential airdropHibachi: Active · farm board+$47 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hibachi is 0.026% cheaper against dYdX than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.043%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BTC-USD | 86,674.3 | 0.0027 | pay 0.0003% / 1h | 43m 03s | $17.0M | $21.1M | 50x |
| Short | Hibachi BTC/USDT-P | 86,688.4 | 0.0184 | get 0.0023% / 1h | 43m 03s | $729K | $8.1M | 30x |
dYdX BTC-USD
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against dYdX. 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
- $32.88
- Price spread: +0.016% → +0.043%
- −$2.64
- Slippage, 4 orders
- −$4.31
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $6.93
- Costs to cover
- 0.233%
- Break-even
- 5.5 days
Slippage from dYdX: live order book, 1 min ago; Hibachi: live order book, 1 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 dYdX live order book, 1 min ago | 0.52 bp | 7.2 bp −$7 | 8.7 bp −$87 | 20.7 bp −$2,066 | 66.1 bp −$33.0K |
| Sell Hibachi live order book, 1 min ago | 0.01 bp | 4.7 bp −$5 | 4.8 bp −$48 | 44.8 bp −$4,483 | 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 | −0.0118% | 1h | 86,580 | −0.109% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,613 | −0.071% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | −0.123% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,617.8 | −0.065% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,617.4 | −0.066% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,600.4 | −0.085% | $916.4M | $1.49B | 50x | as long as short |
| Aster BTCUSDT | +0.0001% | 8h | 86,583.1 | −0.105% | $502.4M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,621.5 | −0.061% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0012% | 8h | 86,586.6 | −0.101% | $851.4M | $715.0M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0027% | 1h | 86,600.9 | −0.085% | $6.7M | $145.4M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USDlong | +0.0027% | 1h | 86,674.3 | long leg | $17.0M | $21.1M | 50x | |
| BingX BTC-USDC | +0.0042% | 8h | 86,575.2 | −0.114% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0043% | 8h | 86,604.8 | −0.080% | $150.5M | $479.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,583.8 | −0.104% | $2.96B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0072% | 8h | 86,569.5 | −0.121% | $5.15B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,591.9 | −0.095% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0073% | 8h | 86,575.3 | −0.114% | $9.43B | $24.58B | 150x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,575.6 | −0.114% | $5.88B | $10.74B | 200x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 86,565 | −0.126% | $60.5M | $337.7M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,585.2 | −0.103% | $170.5M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,591.1 | −0.096% | $24.0M | $151.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,601 | −0.085% | $8.5M | $52.5M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,589 | −0.098% | $200K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,653.2 | −0.024% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,633.9 | −0.047% | $22.0M | $234.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,651 | −0.027% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,657.1 | −0.020% | $40.9M | $524.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,583.7 | −0.105% | $5.27B | $9.82B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,591.4 | −0.096% | $2.55B | $12.77B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,608 | −0.077% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,641.8 | −0.038% | $7.6M | $95.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,560.7 | −0.131% | $572.5M | $17.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,564.1 | −0.127% | $38.4M | $156.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,628.8 | −0.052% | $157.3M | $569.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,643 | −0.036% | $279.9M | $948.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,648.3 | −0.030% | $217.6M | $172.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,662 | −0.014% | $141.6M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,624.8 | −0.057% | $30.7M | $204.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,656.8 | −0.020% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,601 | −0.085% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,601.5 | −0.084% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,585.4 | −0.103% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,609.1 | −0.075% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,604 | −0.081% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,626 | −0.056% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,550.6 | −0.143% | $2.30B | $970.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,569.8 | −0.121% | $45.5M | $227.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,617.7 | −0.065% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,587.4 | −0.100% | $193.5M | $951.7M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,627.7 | −0.054% | $419K | $23.2M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,607.1 | −0.078% | $132.8M | $5.68B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0117% | 1h | 86,627.6 | −0.054% | $79K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0184% | 1h | 86,688.4 | +0.016% | $729K | $8.1M | 30x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0192% / S −0.0216% | 1h | 86,615.2 | −0.068% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0193% | 8h | 86,567.3 | −0.123% | $413.7M | $658.7M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,641 | −0.038% | $9.7M | $743.3M | 6.4x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP