Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.047%
Price spread now: Hibachi against HTX+0.053%48s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as 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−$230.230% of the position
Funding, last 7 days+0.372%+$37 on $10k
+Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.053%, 7d avg +0.057%
=Together, before fees+0.399%+ Points / potential airdropHibachi: Active · farm board+$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 48 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 | HTX BTC-USDT | 86,532.8 | 0.0100 | pay 0.0100% / 8h | 50m 29s | $2.30B | $969.5M | 200x |
| Short | Hibachi BTC/USDT-P | 86,578.4 | 0.0176 | get 0.0022% / 1h | 50m 29s | $722K | $8.0M | 30x |
HTX BTC-USDT
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against HTX. 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
- $15.96
- Price spread: +0.053% → +0.057%
- −$0.4
- Slippage, 4 orders
- −$1.96
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$7.4
- Costs to cover
- 0.230%
- Break-even
- 10.2 days
Slippage from HTX: live order book, 4 min ago; Hibachi: live order book, 4 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 HTX live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.5 bp −$646 | 9.6 bp −$4,778 |
| Sell Hibachi live order book, 4 min ago | 0.01 bp | 6.4 bp −$6 | 7.3 bp −$73 | 67.6 bp −$6,759 | doesn't fit |
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 | 86,543 | +0.012% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,557 | +0.028% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,601 | +0.079% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,559.3 | +0.031% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,555.4 | +0.026% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0002% | 8h | 86,552.1 | +0.022% | $502.4M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,569.8 | +0.043% | $916.8M | $1.49B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,558.5 | +0.030% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0010% | 8h | 86,555.7 | +0.026% | $850.4M | $714.3M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0025% | 1h | 86,540.4 | +0.009% | $6.7M | $145.3M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | +0.0040% | 1h | 86,591.4 | +0.068% | $17.0M | $21.1M | 50x | as long as short |
| BingX BTC-USDT | +0.0041% | 8h | 86,550.2 | +0.020% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0045% | 8h | 86,537.8 | +0.006% | $149.6M | $479.5M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,544.2 | +0.013% | $2.96B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,552.1 | +0.022% | $5.16B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,552 | +0.022% | $9.43B | $24.54B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,532.7 | 0.000% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,549.8 | +0.020% | $5.88B | $10.71B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,569.6 | +0.043% | $170.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,589 | +0.065% | $24.1M | $151.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,544 | +0.013% | $8.5M | $52.5M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0097% | 1h | 86,536.1 | +0.004% | $79K | $220K | 20x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,551.4 | +0.021% | $5.27B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,530 | −0.003% | $202K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,602.8 | +0.081% | $4.8M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,566.6 | +0.039% | $21.8M | $234.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,626 | +0.108% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,594 | +0.071% | $41.2M | $521.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,552.3 | +0.023% | $2.55B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,566 | +0.038% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,582 | +0.057% | $7.6M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,560.7 | +0.032% | $572.5M | $17.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,530.4 | −0.003% | $37.8M | $154.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,463.3 | −0.080% | $155.7M | $568.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,512.3 | −0.024% | $279.6M | $945.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,538.5 | +0.007% | $217.2M | $173.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,585.9 | +0.061% | $141.5M | $323.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,532.3 | −0.001% | $30.7M | $204.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,596.6 | +0.074% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,546 | +0.015% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,538 | +0.006% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,542.3 | +0.011% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,570.9 | +0.044% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,571.2 | +0.044% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,524.7 | −0.009% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,536 | +0.004% | $60.5M | $337.6M | 40x | as long as short |
| HTX BTC-USDTlong | +0.0100% | 8h | 86,532.8 | long leg | $2.30B | $969.5M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 86,526.9 | −0.007% | $45.4M | $227.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,557.8 | +0.029% | — | $99.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,564 | +0.036% | $191.9M | $949.5M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,544.8 | +0.014% | $416K | $23.4M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,578.6 | +0.053% | $132.8M | $5.68B | 50x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0176% | 1h | 86,578.4 | +0.053% | $722K | $8.0M | 30x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0191% / S −0.0213% | 1h | 86,554.2 | +0.025% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0192% | 8h | 86,530.5 | −0.003% | $414.3M | $658.1M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0205% | 8h | 86,583 | +0.058% | $9.7M | $740.2M | 6.4x | as long as short |
dYdX BTC-USD
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aftermath Perps BTCUSD
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP