Funding you earn now, next payment 11:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.037%
Price spread now: Hibachi against MEXC+0.116%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs+$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Funding, last 7 days+0.345%+$34 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now +0.116%, 7d avg +0.039%
=Together, before fees+0.272%+ Points / potential airdropHibachi: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hibachi is 0.077% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTC_USDT | 85,775.2 | 0.0085 | pay 0.0085% / 8h | 5h 28m | $5.15B | $4.87B | 500x |
| Short | Hibachi BTC/USDT-P | 85,874.6 | 0.0328 | get 0.0041% / 1h | 28m 16s | $712K | $6.7M | 30x |
MEXC BTC_USDT
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against MEXC. 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
- $51.03
- Price spread: +0.116% → +0.039%
- $7.7
- Slippage, 4 orders
- −$0.38
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $45.35
- Costs to cover
- 0.134%
- Break-even
- 0.8 days
Slippage from MEXC: 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 MEXC live order book, 4 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.0 bp −$201 | 2.3 bp −$1,149 |
| Sell Hibachi live order book, 4 min ago | 0.01 bp | 4.6 bp −$5 | 4.6 bp −$46 | 42.1 bp −$4,210 | doesn't fit |
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 | +0.083% | $2.0M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,110 | +0.390% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,786 | +0.013% | $366K | $2.0M | 50x | as long as short |
| SoDEX BTC-USD | −0.0043% | 1h | 85,782 | +0.008% | $65.7M | $187.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,814.7 | +0.046% | $422.1M | $553.5M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,816.1 | +0.048% | $16.8M | $13.9M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,796.8 | +0.025% | $470K | $13.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,797 | +0.025% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,854 | +0.092% | $300K | $27.7M | 52x | as long as short |
| Aster BTCUSDT | +0.0017% | 8h | 85,771 | −0.005% | $510.9M | $868.3M | 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 | 85,787.3 | +0.014% | $192.3M | $757.1M | 100x | as long as short |
| Popdex BTCUSDT | +0.0032% | 1h | 85,788 | +0.015% | $8.5M | $45.5M | 100x | as long as short |
| BingX BTC-USDC | +0.0032% | 8h | 85,755.1 | −0.023% | — | $16.2M | — | as long as short |
| Bybit BTCUSDT | +0.0042% | 8h | 85,782 | +0.008% | $5.13B | $8.08B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,789 | +0.016% | $934.6M | $638.8M | 125x | as long as short |
| Gate BTC_USDT | +0.0063% | 8h | 85,784.3 | +0.011% | $5.50B | $8.96B | 200x | as long as short |
| Bluefin BTC-PERP | +0.0068% | 1h | 85,827 | +0.060% | $194K | $556K | 40x | as long as short |
| HTX BTC-USDT | +0.0075% | 8h | 85,764.7 | −0.012% | $2.27B | $797.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0076% | 8h | 85,776.4 | +0.001% | $169.0M | $476.5M | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0076% | 1h | 85,854.8 | +0.093% | $137.9M | $289.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,764.5 | −0.012% | $2.4M | $6.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,771.2 | −0.005% | $9.40B | $20.42B | 150x | as long as short |
| MEXC BTC_USDTlong | +0.0085% | 8h | 85,775.2 | long leg | $5.15B | $4.87B | 500x | |
| Bullet BTC-USD | +0.0085% | 1h | 85,784 | +0.010% | $209K | $3.2M | 20x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,785 | +0.011% | $2.98B | $3.93B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,804.8 | +0.035% | $172.5M | $863.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,808.9 | +0.039% | $23.6M | $120.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0097% | 8h | 85,848.6 | +0.086% | $215.7M | $134.0M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,765 | −0.012% | $216K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,824.2 | +0.057% | $6.0M | $7.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,786.3 | +0.013% | $23.5M | $193.1M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,830.5 | +0.064% | $40.0M | $569.9M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,789.1 | +0.016% | $2.62B | $9.39B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,806 | +0.036% | $3.9M | $14.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,807.9 | +0.038% | $4.8M | $91.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,790 | +0.017% | $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 | +0.052% | $289.2M | $765.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,836.2 | +0.071% | $30.2M | $224.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,842.7 | +0.079% | — | $10.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,785 | +0.011% | $11.1M | $12.0M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,770.5 | −0.005% | $2.6M | $8.9M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,778 | +0.003% | $3.3M | $6.7M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,956.9 | +0.212% | $714.6M | $116.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,745.2 | −0.035% | $47.0M | $193.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,810 | +0.041% | — | $80.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,823.1 | +0.056% | $112.0M | $4.93B | 50x | as long as short |
| Hyperliquid BTC | +0.0152% | 1h | 85,882 | +0.125% | $3.95B | $4.28B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0158% | 8h | 85,867 | +0.107% | $12.0M | $738.3M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0166% | 1h | 85,763.5 | −0.014% | $6.6M | $131.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,815.3 | +0.047% | $8.9M | $36.3M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0212% / S −0.0254% | 1h | 85,838.7 | +0.074% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0235% | 1h | 85,837.5 | +0.073% | $819.8M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0328% | 1h | 85,874.6 | +0.116% | $712K | $6.7M | 30x | |
| Aftermath Perps BTCUSD | +0.0420% | 1h | 85,888.9 | +0.132% | $79K | $241K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Popdex BTCUSDT
BingX BTC-USDC
Bybit BTCUSDT
KuCoin XBTUSDTM
Gate BTC_USDT
Bluefin BTC-PERP
HTX BTC-USDT
Phemex BTCUSDT
ApeX Omni BTCUSDT
Aevo BTC-PERP
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
Ondo Perps BTC-USD.P
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