Funding you earn now, next payment 07:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.075%
Price spread now: Jupiter Perps against Hibachi−0.014%7-day average −0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.277%−$28 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.014%, 7d avg −0.031%
=Together, before fees−0.306%+ Points / potential airdropHibachi: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$8 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 | 85,442 | 0.0216 | pay 0.0027% / 1h | 7m 06s | $685K | $7.8M | 30x |
| Short | Jupiter Perps WBTC-PERP | 85,430.2 | L +0.0104% / S +0.0056% | pay 0.0007% / 1h | 7m 06s | — | $104.3M | 500x |
Hibachi BTC/USDT-P
Jupiter Perps WBTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Jupiter Perps 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
- −$57.12
- Price spread: −0.014% → −0.031%
- $1.71
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$76.41
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hibachi: live order book, 2 min ago; Jupiter Perps: no order-book sample. Net counts fees only.
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, 2 min ago | 0.01 bp | 4.6 bp −$5 | 5.3 bp −$53 | 42.8 bp −$4,276 | doesn't fit |
| Sell Jupiter Perps no order-book sample | — | — | — | — | — |
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BTC on 55 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 | 85,478 | +0.042% | $2.3M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,414 | −0.033% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0034% | 8h | 85,461.8 | +0.023% | $929.4M | $772.9M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,468.2 | +0.031% | $421.1M | $680.7M | 150x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 85,452.2 | +0.012% | $512.9M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,439.4 | −0.003% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,439.3 | −0.003% | $492K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,430.8 | −0.013% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,476 | +0.040% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0045% | 1h | 85,418 | −0.028% | $24.1M | $219.9M | 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 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0050% | 1h | 85,501.9 | +0.070% | $853.8M | $1.64B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.228% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0074% | 8h | 85,462.3 | +0.024% | — | $1.57B | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,482.9 | +0.048% | $186.2M | $952.4M | 100x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,462.2 | +0.024% | $2.97B | $5.15B | 150x | as long as short |
| Bybit BTCUSDT | +0.0093% | 8h | 85,458.8 | +0.020% | $5.14B | $9.96B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,478.8 | +0.043% | $169.8M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,474.1 | +0.038% | $23.6M | $148.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,446 | +0.005% | $8.5M | $57.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,478.1 | +0.042% | $2.4M | $6.7M | 20x | as long as short |
| SoDEX BTC-USD | +0.0096% | 1h | 85,462 | +0.023% | $59.8M | $336.7M | 40x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,463.5 | +0.025% | $5.04B | $5.78B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,464.7 | +0.027% | $9.43B | $24.86B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,409 | −0.039% | $245K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,480.4 | +0.045% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,549.6 | +0.126% | $3.75B | $5.05B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,449.1 | +0.008% | $40.4M | $603.0M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,466.1 | +0.028% | $2.60B | $12.19B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,404 | −0.044% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,418.7 | −0.027% | $5.1M | $96.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,466.2 | +0.028% | $5.56B | $11.08B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,458.7 | +0.020% | $37.3M | $181.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,384.3 | −0.068% | $156.3M | $556.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,406.3 | −0.042% | $279.8M | $952.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,439.5 | −0.003% | $214.5M | $163.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,439.8 | −0.003% | $139.7M | $313.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,403 | −0.046% | $30.1M | $207.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,488.9 | +0.055% | — | $10.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,450 | +0.009% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,466.9 | +0.029% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,463.5 | +0.025% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,502.9 | +0.071% | $194K | $795K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,429.2 | −0.015% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,450 | +0.009% | $2.26B | $962.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,471 | +0.034% | $156.6M | $512.8M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,413.1 | −0.034% | $689.0M | $342.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,437.8 | −0.005% | $45.2M | $240.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERPshort | L +0.0104% / S +0.0056% | 1h | 85,430.2 | −0.014% | — | $104.3M | 500x | |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,496.4 | +0.064% | $113.0M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0134% | 1h | 85,444.9 | +0.003% | $6.6M | $147.7M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0150% | 1h | 85,475.6 | +0.039% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0176% | 8h | 85,478 | +0.042% | $11.9M | $739.4M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,454.2 | +0.014% | $8.8M | $42.6M | 25x | as long as short |
| Hibachi BTC/USDT-Plong | +0.0216% | 1h | 85,442 | long leg | $685K | $7.8M | 30x | |
| Aftermath Perps BTCUSD | +0.0265% | 1h | 85,477.2 | +0.041% | $79K | $242K | 20x | as long as short |
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
BingX BTC-USDT
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
SoDEX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Aftermath Perps BTCUSD