Funding you earn now, next payment 00:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.058%
Price spread now: Gate against Hibachi−0.044%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.246% of the position
Funding, last 7 days−0.385%−$39 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.044%, 7d avg −0.042%
=Together, before fees−0.384%+ Points / potential airdropHibachi: Active · farm board−$38 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: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BTC/USDT-P | 86,576.8 | 0.0168 | pay 0.0021% / 1h | 54m 12s | $718K | $8.1M | 30x |
| Short | Gate BTC_USDT | 86,538.9 | 0.0081 | get 0.0081% / 8h | 54m 12s | $5.88B | $10.70B | 200x |
Hibachi BTC/USDT-P
Gate BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Hibachi. 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
- −$18.27
- Price spread: −0.044% → −0.042%
- −$0.21
- Slippage, 4 orders
- −$0.63
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$43.11
- Costs to cover
- 0.246%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 5 min ago; Gate: live order book, 5 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 Hibachi live order book, 5 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 40.8 bp −$4,075 | doesn't fit |
| Sell Gate live order book, 5 min ago | 0.01 bp | 7.5 bp −$8 | 7.5 bp −$75 | 8.3 bp −$830 | 11.0 bp −$5,486 |
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 | −0.0159% | 1h | 86,468 | −0.126% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,528 | −0.056% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,601 | +0.028% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,548.4 | −0.033% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,551.1 | −0.030% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 86,543.1 | −0.039% | $503.9M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,554.4 | −0.026% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0009% | 8h | 86,551.2 | −0.030% | $850.5M | $713.8M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0024% | 1h | 86,533 | −0.051% | $6.7M | $145.2M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0025% | 1h | 86,579.3 | +0.003% | $917.2M | $1.49B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERP
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0040% | 8h | 86,542.2 | −0.040% | — | $1.59B | — | as long as short |
| dYdX BTC-USD | +0.0041% | 1h | 86,547.3 | −0.034% | $17.0M | $21.1M | 50x | as long as short |
| Phemex BTCUSDT | +0.0042% | 8h | 86,543.9 | −0.038% | $149.8M | $478.3M | 150x | as long as short |
| Bitget BTCUSDT | +0.0051% | 8h | 86,557 | −0.023% | $2.96B | $5.12B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,555 | −0.025% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0069% | 8h | 86,546.4 | −0.035% | $5.13B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0070% | 8h | 86,549.3 | −0.032% | $9.43B | $24.52B | 150x | as long as short |
| Gate BTC_USDTshort | +0.0081% | 8h | 86,538.9 | −0.044% | $5.88B | $10.70B | 200x | |
| Aftermath Perps BTCUSD | +0.0089% | 1h | 86,483.1 | −0.108% | $79K | $220K | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,558.6 | −0.021% | $170.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,569.3 | −0.009% | $24.1M | $151.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,541 | −0.041% | $8.5M | $52.5M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,545.7 | −0.036% | $5.26B | $9.80B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,526 | −0.059% | $199K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,562.9 | −0.016% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,546.4 | −0.035% | $21.9M | $234.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,613 | +0.042% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,554.3 | −0.026% | $41.2M | $521.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,549.8 | −0.031% | $2.54B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,530 | −0.054% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,571.9 | −0.006% | $7.6M | $94.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,382.9 | −0.224% | $571.1M | $18.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,528.6 | −0.056% | $37.9M | $154.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,463.3 | −0.131% | $155.7M | $568.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,420.7 | −0.180% | $279.3M | $944.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,455.1 | −0.141% | $217.0M | $173.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,442 | −0.156% | $141.3M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,523.5 | −0.062% | $30.7M | $204.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,583.1 | +0.007% | — | $11.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,536 | −0.047% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,542 | −0.040% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,542.1 | −0.040% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,572.5 | −0.005% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,588.4 | +0.013% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,531.5 | −0.052% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,546 | −0.036% | $60.5M | $337.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,535.6 | −0.048% | $2.30B | $969.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,537.9 | −0.045% | $45.3M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,554.8 | −0.025% | — | $99.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,574.8 | −0.002% | $192.1M | $948.0M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,536.9 | −0.046% | $416K | $23.4M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,589.4 | +0.015% | $132.7M | $5.68B | 50x | as long as short |
| Hibachi BTC/USDT-Plong | +0.0168% | 1h | 86,576.8 | long leg | $718K | $8.1M | 30x | |
| BloFin BTC-USDT | +0.0189% | 8h | 86,530.5 | −0.053% | $414.8M | $656.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0190% / S −0.0212% | 1h | 86,549.5 | −0.032% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0203% | 8h | 86,567 | −0.011% | $9.8M | $739.0M | 6.4x | as long as short |
BingX BTC-USDT
dYdX BTC-USD
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Aftermath Perps BTCUSD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP