Funding you earn now, next payment 12:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.030%
Price spread now: GRVT against Hibachi−0.029%65s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.188% of the position
Funding, last 7 days−0.325%−$32 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now −0.029%, 7d avg −0.036%
=Together, before fees−0.343%+ Points / potential airdropHibachi: Active · GRVT: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BTC/USDT-P | 85,982.9 | 0.0304 | pay 0.0038% / 1h | 51m 56s | $696K | $6.7M | 30x |
| Short | GRVT BTC_USDT_Perp | 85,957.8 | 0.0100 | get 0.0100% / 8h | 4h 51m | $216.0M | $132.5M | 50x |
Hibachi BTC/USDT-P
GRVT BTC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$42.84
- Price spread: −0.029% → −0.036%
- $0.69
- Slippage, 4 orders
- −$0.77
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$60.92
- Costs to cover
- 0.188%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, just now; GRVT: 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, just now | 0.01 bp | 4.5 bp −$5 | 5.0 bp −$50 | 39.4 bp −$3,944 | doesn't fit |
| Sell GRVT live order book, 5 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 4.9 bp −$488 | 8.7 bp −$4,343 |
BTC on 56 exchanges
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 | −0.0150% | 1h | 85,957 | −0.030% | $2.1M | $7.7M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 85,904.2 | −0.092% | $457K | $13.4M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,914 | −0.080% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0043% | 8h | 85,900 | −0.096% | $422.6M | $549.6M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,895.1 | −0.102% | $368K | $1.8M | 50x | as long as short |
| SoDEX BTC-USD | −0.0012% | 1h | 85,900 | −0.096% | $65.9M | $187.1M | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,905.2 | −0.090% | $16.8M | $13.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0001% | 1h | 85,924 | −0.069% | $321K | $27.6M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,912.9 | −0.081% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,898.1 | −0.099% | $511.4M | $835.2M | 200x | as long as short |
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
SoDEX BTC-USD
dYdX BTC-USD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0019% | 1h | 85,917 | −0.077% | $192.3M | $738.4M | 100x | as long as short |
| Popdex BTCUSDT | +0.0032% | 1h | 85,894 | −0.103% | $8.6M | $45.6M | 100x | as long as short |
| BingX BTC-USDC | +0.0047% | 8h | 85,877.1 | −0.123% | — | $16.1M | — | as long as short |
| KuCoin XBTUSDTM | +0.0054% | 8h | 85,904.8 | −0.091% | $943.3M | $633.9M | 125x | as long as short |
| Bybit BTCUSDT | +0.0059% | 8h | 85,907.5 | −0.088% | $5.14B | $7.98B | 150x | as long as short |
| Phemex BTCUSDT | +0.0071% | 8h | 85,911.1 | −0.084% | $170.9M | $474.0M | 150x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 85,902.2 | −0.094% | $5.16B | $4.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 85,902 | −0.094% | $9.42B | $20.06B | 150x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 85,907.9 | −0.087% | $5.51B | $8.74B | 200x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,881.8 | −0.118% | $2.4M | $6.8M | 20x | as long as short |
| HTX BTC-USDT | +0.0082% | 8h | 85,899.9 | −0.097% | $2.27B | $772.4M | 200x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,905.7 | −0.090% | $3.00B | $3.84B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,921.2 | −0.072% | $173.2M | $827.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,923 | −0.070% | $23.7M | $116.5M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,873 | −0.128% | $228K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,922.3 | −0.070% | $5.9M | $7.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,891.9 | −0.106% | $23.3M | $189.4M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,929.8 | −0.062% | $40.3M | $568.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,909.7 | −0.085% | $2.63B | $9.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,903 | −0.093% | $4.0M | $14.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,909.2 | −0.086% | $4.8M | $91.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,892.5 | −0.105% | $38.2M | $195.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,938.4 | −0.052% | $156.6M | $472.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,924.3 | −0.068% | $289.7M | $732.3M | 100x | as long as short |
| GRVT BTC_USDT_Perpshort | +0.0100% | 8h | 85,957.8 | −0.029% | $216.0M | $132.5M | 50x | |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,968.8 | −0.016% | $137.9M | $288.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,926.4 | −0.066% | $30.2M | $227.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,954.2 | −0.033% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,899 | −0.098% | $11.1M | $11.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,900 | −0.096% | $215K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,894.5 | −0.103% | $2.6M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,927.4 | −0.065% | $143K | $607K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,953.3 | −0.034% | $29.1M | $44.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,908.8 | −0.086% | $3.3M | $6.7M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,951.1 | −0.037% | $715.0M | $86.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,873.4 | −0.127% | $47.2M | $192.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,908.4 | −0.087% | — | $79.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0128% | 1h | 85,939.6 | −0.050% | $112.2M | $4.93B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0154% | 1h | 85,949.1 | −0.039% | $820.0M | $1.49B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0158% | 8h | 85,923 | −0.070% | $13.0M | $738.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0165% | 1h | 85,937.5 | −0.053% | $9.1M | $35.5M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0172% | 1h | 85,878.1 | −0.122% | $6.6M | $125.8M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0252% | 1h | 85,913.1 | −0.081% | $15.5M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0236% | 1h | 86,007 | +0.028% | $3.95B | $4.16B | 40x | as long as short |
| Hibachi BTC/USDT-Plong | +0.0304% | 1h | 85,982.9 | long leg | $696K | $6.7M | 30x | |
| Aftermath Perps BTCUSD | +0.0329% | 1h | 85,929.8 | −0.062% | $79K | $228K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Popdex BTCUSDT
BingX BTC-USDC
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Aevo BTC-PERP
HTX BTC-USDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
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
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
RISEx BTC/USDC
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC
Aftermath Perps BTCUSD