Funding you earn now, next payment 11:00 UTC−0.0236%/8h= −25.8% APRnext payment −$0.29 per $10,000 · paid last 24h −0.030%
Price spread now: Ondo Perps against Hibachi−0.062%7-day average −0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.062%, 7d avg −0.023%
=Together, before fees−0.287%+ Points / potential airdropHibachi: Active · Ondo Perps: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.039% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BTC/USDT-P | 85,880.4 | 0.0336 | pay 0.0042% / 1h | 28m 57s | $712K | $6.7M | 30x |
| Short | Ondo Perps BTC-USD.P | 85,827 | 0.0100 | get 0.0013% / 1h | 28m 57s | $3.9M | $14.9M | 25x |
Hibachi BTC/USDT-P
Ondo Perps BTC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo 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
- −$49.56
- Price spread: −0.062% → −0.023%
- −$3.89
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$67.45
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hibachi: live order book, 3 min ago; Ondo 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, 3 min ago | 0.01 bp | 4.8 bp −$5 | 5.6 bp −$56 | 41.0 bp −$4,098 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo 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 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 | −0.0133% | 1h | 85,846 | −0.040% | $2.0M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,110 | +0.267% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,825.8 | −0.064% | $366K | $2.0M | 50x | as long as short |
| SoDEX BTC-USD | −0.0039% | 1h | 85,824 | −0.066% | $65.8M | $187.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,814.7 | −0.077% | $422.1M | $553.5M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,865.6 | −0.017% | $16.8M | $14.1M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,839 | −0.048% | $470K | $13.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,862.8 | −0.020% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,854 | −0.031% | $300K | $27.7M | 52x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,791.7 | −0.103% | $511.0M | $869.3M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
SoDEX BTC-USD
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0030% | 1h | 85,836.4 | −0.051% | $192.4M | $757.2M | 100x | as long as short |
| Popdex BTCUSDT | +0.0032% | 1h | 85,821 | −0.069% | $8.5M | $45.5M | 100x | as long as short |
| BingX BTC-USDT | +0.0032% | 8h | 85,797.5 | −0.097% | — | $1.33B | — | as long as short |
| Bybit BTCUSDT | +0.0042% | 8h | 85,801.1 | −0.092% | $5.13B | $8.08B | 150x | as long as short |
| Bluefin BTC-PERP | +0.0044% | 1h | 85,870.6 | −0.011% | $194K | $556K | 40x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,826.5 | −0.063% | $935.8M | $639.6M | 125x | as long as short |
| Gate BTC_USDT | +0.0063% | 8h | 85,800.8 | −0.093% | $5.50B | $8.96B | 200x | as long as short |
| Phemex BTCUSDT | +0.0071% | 8h | 85,817.7 | −0.073% | $169.0M | $476.7M | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0076% | 1h | 85,854.8 | −0.030% | $137.9M | $289.7M | 100x | as long as short |
| HTX BTC-USDT | +0.0078% | 8h | 85,809.5 | −0.083% | $2.27B | $798.1M | 200x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,810.8 | −0.081% | $2.4M | $6.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,793.8 | −0.101% | $5.15B | $4.87B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,790.4 | −0.105% | $9.40B | $20.43B | 150x | as long as short |
| Bullet BTC-USD | +0.0086% | 1h | 85,828 | −0.061% | $209K | $3.2M | 20x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,802.3 | −0.091% | $2.98B | $3.93B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,841.3 | −0.046% | $172.6M | $863.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,830.2 | −0.058% | $23.6M | $120.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0097% | 8h | 85,848.6 | −0.037% | $215.7M | $134.0M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,803 | −0.090% | $220K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,837 | −0.050% | $6.0M | $7.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,832.2 | −0.056% | $23.5M | $193.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,855 | −0.030% | $40.0M | $569.9M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,813.3 | −0.078% | $2.62B | $9.40B | 100x | as long as short |
| Ondo Perps BTC-USD.Pshort | +0.0100% | 1h | 85,827 | −0.062% | $3.9M | $14.9M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 85,838.4 | −0.049% | $4.8M | $91.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,790 | −0.105% | $37.9M | $195.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,827.8 | −0.061% | $157.4M | $475.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,819.9 | −0.070% | $289.2M | $765.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,843.9 | −0.043% | $30.2M | $225.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,879.5 | −0.001% | — | $10.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,826 | −0.063% | $11.1M | $12.0M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,816.9 | −0.074% | $2.6M | $8.9M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,834.7 | −0.053% | $3.3M | $6.7M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,956.9 | +0.089% | $714.6M | $116.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,771.6 | −0.127% | $47.0M | $193.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,846.2 | −0.040% | — | $80.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,865 | −0.018% | $112.2M | $4.94B | 50x | as long as short |
| Hyperliquid BTC | +0.0153% | 1h | 85,892 | +0.014% | $3.95B | $4.28B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0158% | 8h | 85,867 | −0.016% | $12.0M | $738.3M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0166% | 1h | 85,825.5 | −0.064% | $6.6M | $131.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,867 | −0.016% | $8.9M | $36.4M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0212% / S −0.0254% | 1h | 85,838.7 | −0.048% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0230% | 1h | 85,881.7 | +0.001% | $819.8M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-Plong | +0.0336% | 1h | 85,880.4 | long leg | $712K | $6.7M | 30x | |
| Aftermath Perps BTCUSD | +0.0425% | 1h | 85,906.4 | +0.030% | $79K | $241K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Popdex BTCUSDT
BingX BTC-USDT
Bybit BTCUSDT
Bluefin BTC-PERP
KuCoin XBTUSDTM
Gate BTC_USDT
Phemex BTCUSDT
ApeX Omni BTCUSDT
HTX BTC-USDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Bullet BTC-USD
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD