Funding you earn now, next payment 22:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.058%
Price spread now: Hibachi against Gate+0.027%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days+0.385%+$38 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now +0.027%, 7d avg +0.042%
=Together, before fees+0.402%+ Points / potential airdropHibachi: Active · farm board+$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTC_USDT | 86,622.9 | 0.0075 | pay 0.0075% / 8h | 2h 31m | $5.86B | $10.63B | 200x |
| Short | Hibachi BTC/USDT-P | 86,646.1 | 0.0224 | get 0.0028% / 1h | 31m 22s | $614K | $7.1M | 30x |
Gate BTC_USDT
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Gate. 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
- $31.29
- Price spread: +0.027% → +0.042%
- −$1.47
- Slippage, 4 orders
- −$0.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $5
- Costs to cover
- 0.248%
- Break-even
- 5.9 days
Slippage from Gate: live order book, 3 min ago; Hibachi: live order book, 3 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 Gate live order book, 3 min ago | 0.01 bp | 7.8 bp −$8 | 8.8 bp −$88 | 10.5 bp −$1,051 | 15.7 bp −$7,827 |
| Sell Hibachi live order book, 3 min ago | 0.01 bp | 4.6 bp −$5 | 5.2 bp −$52 | 43.4 bp −$4,341 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0233% | 1h | 86,613.5 | −0.011% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,634.5 | +0.013% | $428K | $24.9M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,590 | −0.038% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0083% | 1h | 86,626.4 | +0.004% | $17.6M | $20.5M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,574 | −0.056% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,627.5 | +0.005% | $362K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,652.7 | +0.034% | $935.1M | $1.44B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,614.5 | −0.010% | $844.2M | $704.9M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,641.2 | +0.021% | $37.0M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0008% | 8h | 86,600 | −0.026% | $505.6M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,618.6 | −0.005% | $6.7M | $144.3M | 40x | as long as short |
| BingX BTC-USDT | +0.0023% | 8h | 86,621.3 | −0.002% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,580.2 | −0.049% | $149.6M | $471.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0030% | 8h | 86,620.6 | −0.003% | $2.95B | $5.07B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,639 | +0.019% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0053% | 8h | 86,619.7 | −0.004% | $5.19B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0053% | 8h | 86,617.9 | −0.006% | $9.44B | $24.31B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,621.3 | −0.002% | $2.4M | $1.3M | 20x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,589.8 | −0.038% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0073% | 8h | 86,630.4 | +0.009% | $2.56B | $12.70B | 100x | as long as short |
| Gate BTC_USDTlong | +0.0075% | 8h | 86,622.9 | long leg | $5.86B | $10.63B | 200x | |
| Bybit BTCUSDT | +0.0082% | 8h | 86,617.9 | −0.006% | $5.27B | $9.67B | 150x | as long as short |
| Variational Omni BTC | +0.0092% | 8h | 86,584.3 | −0.045% | $160.0M | $567.1M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,590.8 | −0.037% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,593.7 | −0.034% | $24.0M | $153.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,620 | −0.003% | $8.5M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,607 | −0.018% | $194K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,630.3 | +0.008% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,577.1 | −0.053% | $21.7M | $235.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,694 | +0.082% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,612.1 | −0.013% | $41.3M | $490.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,594 | −0.033% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,647.6 | +0.028% | $7.5M | $93.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,577.9 | −0.052% | $571.8M | $22.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,583.6 | −0.045% | $38.1M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,620.6 | −0.003% | $279.9M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,619.4 | −0.004% | $217.4M | $187.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,627.4 | +0.005% | $141.4M | $322.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,600 | −0.026% | $30.8M | $205.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,668.9 | +0.053% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,625 | +0.002% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,621 | −0.002% | $194K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,632.5 | +0.011% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,644.6 | +0.025% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,625.8 | +0.003% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,612.9 | −0.012% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,618 | −0.006% | $60.5M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,609 | −0.016% | $2.30B | $957.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,608 | −0.017% | $46.4M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,641.1 | +0.021% | — | $98.4M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,657.4 | +0.040% | $189.0M | $930.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,668.1 | +0.052% | $132.0M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0124% | 8h | 86,637 | +0.016% | $8.8M | $723.5M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0173% | 8h | 86,611.4 | −0.013% | $416.8M | $652.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0185% | 1h | 86,635.8 | +0.015% | $14.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0224% | 1h | 86,646.1 | +0.027% | $614K | $7.1M | 30x |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]