Funding you earn now, next payment 07:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.031%
Price spread now: Hibachi against Extended0.000%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Funding, last 7 days+0.289%+$29 on $10k
+Price spread, last 7 days+0.065%+$6 · spread now 0.000%, 7d avg +0.075%
=Together, before fees+0.354%+ Points / potential airdropExtended: Active · Hibachi: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hibachi is 0.075% cheaper against Extended than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.075%). If the spread goes back, that is −$8 on $10k: about 44 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTC-USD | 85,272.2 | 0.0104 | pay 0.0013% / 1h | 33m 10s | $44.8M | $240.7M | 50x |
| Short | Hibachi BTC/USDT-P | 85,271.9 | 0.0240 | get 0.0030% / 1h | 33m 10s | $684K | $7.9M | 30x |
Extended BTC-USD
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Extended. 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
- $28.56
- Price spread: 0.000% → +0.075%
- −$7.54
- Slippage, 4 orders
- −$0.91
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $6.12
- Costs to cover
- 0.149%
- Break-even
- 5.5 days
Slippage from Extended: live order book, 6 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 Extended live order book, 6 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 3.4 bp −$340 | 9.5 bp −$4,735 |
| Sell Hibachi live order book, 1 min ago | 0.01 bp | 5.3 bp −$5 | 5.7 bp −$57 | 43.7 bp −$4,374 | 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 | −0.035% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,248 | −0.028% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,298.8 | +0.031% | $927.9M | $773.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0029% | 8h | 85,299.8 | +0.032% | $421.2M | $682.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,295.5 | +0.027% | $512.5M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,311.6 | +0.046% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,299.9 | +0.033% | $494K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,279.9 | +0.009% | $16.7M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,316.3 | +0.052% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0042% | 1h | 85,238.4 | −0.040% | $24.4M | $222.3M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
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 | −0.010% | $139.4M | $314.4M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.030% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0070% | 8h | 85,279.6 | +0.009% | — | $17.4M | — | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,297.5 | +0.030% | $2.96B | $5.18B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,285.5 | +0.016% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,324.6 | +0.061% | $186.1M | $957.8M | 100x | as long as short |
| MEXC BTC_USDT | +0.0091% | 8h | 85,301.8 | +0.035% | $5.01B | $5.75B | 500x | as long as short |
| Binance BTCUSDT | +0.0091% | 8h | 85,309.4 | +0.044% | $9.42B | $24.95B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,323.7 | +0.060% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,322.1 | +0.059% | $23.5M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,311 | +0.046% | $8.4M | $56.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,266 | −0.007% | $237K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,349.7 | +0.091% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,380 | +0.126% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,304.4 | +0.038% | $40.2M | $604.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,301.2 | +0.034% | $5.14B | $9.99B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,301.8 | +0.035% | $2.59B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,284 | +0.014% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,288.8 | +0.019% | $5.2M | $99.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,278.8 | +0.008% | $682.9M | $449.0M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,305 | +0.038% | $5.50B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,297.8 | +0.030% | $36.9M | $179.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,207.8 | −0.075% | $154.6M | $557.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,237.8 | −0.040% | $279.3M | $950.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,263.3 | −0.010% | $214.1M | $166.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,224.6 | −0.056% | $30.0M | $203.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,346.7 | +0.087% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,302 | +0.035% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,302 | +0.035% | $203K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,297.5 | +0.030% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,336.1 | +0.075% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.068% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,290 | +0.021% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,294 | +0.026% | $59.7M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,297.9 | +0.030% | $2.26B | $968.5M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,322.3 | +0.059% | $151.4M | $509.6M | 150x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 85,272.2 | long leg | $44.8M | $240.7M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,257.9 | −0.017% | — | $107.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,350 | +0.091% | $116.2M | $5.46B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0108% | 1h | 85,344.7 | +0.085% | $862.3M | $1.64B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0128% | 1h | 85,293.3 | +0.025% | $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 | −0.034% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,305 | +0.038% | $11.8M | $741.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,316.3 | +0.052% | $8.7M | $42.9M | 25x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0240% | 1h | 85,271.9 | 0.000% | $684K | $7.9M | 30x | |
| Aftermath Perps BTCUSD | +0.0270% | 1h | 85,281.2 | +0.011% | $79K | $230K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDC
Bitget BTCUSDT
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
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
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Aftermath Perps BTCUSD