Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.038%
Price spread now: StandX against Hibachi−0.026%7-day average −0.043% · 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−$18as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now −0.026%, 7d avg −0.043%
=Together, before fees−0.341%+ Points / potential airdropHibachi: Active · StandX: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.043%, 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 | 86,493.4 | 0.0184 | pay 0.0023% / 1h | 27m 09s | $728K | $8.1M | 30x |
| Short | StandX BTC-USD | 86,471 | 0.0100 | get 0.0013% / 1h | 27m 09s | $30.7M | $205.5M | 40x |
Hibachi BTC/USDT-P
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$17.64
- Price spread: −0.026% → −0.043%
- $1.73
- Slippage, 4 orders
- −$2.88
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$35.79
- Costs to cover
- 0.199%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago | 0.01 bp | 4.6 bp −$5 | 4.7 bp −$47 | 66.2 bp −$6,617 | doesn't fit |
| Sell StandX live order book, 2 min ago | 0.64 bp | 5.3 bp −$5 | 5.9 bp −$59 | 7.2 bp −$717 | 8.8 bp −$4,421 |
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 | −0.0118% | 1h | 86,477 | −0.019% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,425 | −0.079% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.086% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,417.8 | −0.087% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,423.2 | −0.081% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,442.1 | −0.059% | $501.6M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,401.8 | −0.106% | $415K | $23.1M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,448.4 | −0.052% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0017% | 8h | 86,437.5 | −0.065% | $850.0M | $715.7M | 125x | as long as short |
| Deribit BTC-PERPETUAL | +0.0026% | 1h | 86,466.9 | −0.031% | $914.6M | $1.48B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0031% | 1h | 86,418.6 | −0.086% | $6.7M | $145.5M | 40x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,432.7 | −0.070% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0051% | 8h | 86,447.7 | −0.053% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0053% | 8h | 86,446.4 | −0.054% | $150.7M | $478.5M | 150x | as long as short |
| dYdX BTC-USD | +0.0066% | 1h | 86,448.3 | −0.052% | $16.9M | $21.2M | 50x | as long as short |
| MEXC BTC_USDT | +0.0069% | 8h | 86,445.8 | −0.055% | $5.16B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0069% | 8h | 86,445.9 | −0.055% | $9.42B | $24.58B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,424.5 | −0.080% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,450.5 | −0.050% | $5.86B | $10.77B | 200x | as long as short |
| SoDEX BTC-USD | +0.0086% | 1h | 86,430 | −0.073% | $60.4M | $337.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,452.9 | −0.047% | $170.3M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,444.3 | −0.057% | $23.9M | $152.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,411 | −0.095% | $8.5M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0098% | 8h | 86,444.3 | −0.057% | $5.26B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,388 | −0.122% | $200K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,432.6 | −0.070% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,430.1 | −0.073% | $22.0M | $234.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,516 | +0.026% | $3.79B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,431 | −0.072% | $41.0M | $529.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,453.1 | −0.047% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,411 | −0.095% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,442.3 | −0.059% | $7.5M | $95.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,443.6 | −0.058% | $38.2M | $155.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,474.8 | −0.022% | $157.5M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,448.6 | −0.052% | $279.2M | $945.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,485.6 | −0.009% | $217.2M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,461.9 | −0.036% | $141.4M | $323.1M | 100x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 86,471 | −0.026% | $30.7M | $205.5M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 86,464 | −0.034% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,423 | −0.081% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,417 | −0.088% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,435.6 | −0.067% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,459.7 | −0.039% | $140K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,460.9 | −0.038% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,410.3 | −0.096% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,412.8 | −0.093% | $2.29B | $969.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,464.9 | −0.033% | $572.1M | $16.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,414.5 | −0.091% | $45.5M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,450.9 | −0.049% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,462.6 | −0.036% | $192.1M | $954.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,475.3 | −0.021% | $132.3M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0146% | 1h | 86,497.4 | +0.005% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-Plong | +0.0184% | 1h | 86,493.4 | long leg | $728K | $8.1M | 30x | |
| BloFin BTC-USDT | +0.0189% | 8h | 86,446 | −0.055% | $416.9M | $658.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0196% / S −0.0218% | 1h | 86,442.8 | −0.059% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,448 | −0.053% | $9.8M | $747.1M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
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
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP