Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.030%
Price spread now: Hibachi against Ondo Perps+0.120%7-day average +0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.292%+$29 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now +0.120%, 7d avg +0.023%
=Together, before fees+0.339%+ Points / potential airdropOndo Perps: Active · Hibachi: Active · farm board+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hibachi is 0.097% dearer against Ondo Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 86,189 | 0.0100 | pay 0.0013% / 1h | 1m 57s | $4.0M | $16.4M | 25x |
| Short | Hibachi BTC/USDT-P | 86,292.6 | 0.0280 | get 0.0035% / 1h | 1m 57s | $684K | $7.4M | 30x |
Ondo Perps BTC-USD.P
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Ondo Perps. 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
- $37.8
- Price spread: +0.120% → +0.023%
- $9.68
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $33.48
- Costs to cover
- 0.140%
- Break-even
- 0.8 days
Slippage unknown: Ondo Perps: no order-book sample; Hibachi: live order book, 2 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 2 min ago | 0.01 bp | 4.6 bp −$5 | 5.0 bp −$50 | 42.7 bp −$4,271 | doesn't fit |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0205% | 1h | 86,224.6 | +0.041% | $196K | $673K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,184 | −0.006% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,210.2 | +0.025% | $423.4M | $623.5M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,190.9 | +0.002% | $360K | $2.1M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 86,248 | +0.068% | $471K | $28.2M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,183 | −0.007% | $36.9M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0033% | 1h | 86,197.2 | +0.009% | $16.9M | $17.6M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0034% | 8h | 86,176.1 | −0.015% | $937.9M | $667.7M | 125x | as long as short |
| BingX BTC-USDT | +0.0045% | 8h | 86,165.4 | −0.027% | — | $1.45B | — | as long as short |
| Aster BTCUSDT | +0.0049% | 8h | 86,172.4 | −0.019% | $504.3M | $973.4M | 200x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
KuCoin XBTUSDTM
BingX BTC-USDT
Aster BTCUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTCUSDT | +0.0050% | 8h | 86,158.7 | −0.035% | $5.11B | $9.03B | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 86,183.1 | −0.007% | $189.3M | $866.6M | 100x | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 86,169.2 | −0.023% | $167.9M | $498.5M | 150x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 86,283 | +0.109% | $2.3M | $10.4M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,178.9 | −0.012% | $173.7M | $969.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,187.8 | −0.001% | $23.4M | $137.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,186 | −0.003% | $8.8M | $52.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,171.9 | −0.020% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,164 | −0.029% | $222K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,221.4 | +0.038% | $6.1M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,186.5 | −0.003% | $22.0M | $210.0M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,222.9 | +0.039% | $40.3M | $585.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 86,168.3 | −0.024% | $9.47B | $23.05B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,182.7 | −0.007% | $2.62B | $10.77B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 86,189 | long leg | $4.0M | $16.4M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,223.4 | +0.040% | $4.6M | $93.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,176.9 | −0.014% | $711.8M | $175.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,168 | −0.024% | $5.47B | $10.32B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,172.4 | −0.019% | $5.08B | $5.92B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 86,163.3 | −0.030% | $2.99B | $4.54B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,160.6 | −0.033% | $37.6M | $187.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,275.4 | +0.100% | $158.2M | $510.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,267.1 | +0.091% | $289.9M | $986.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,243.6 | +0.063% | $216.7M | $143.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,270.8 | +0.095% | $137.3M | $302.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,255.9 | +0.078% | $30.4M | $212.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,272.9 | +0.097% | — | $10.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,194 | +0.006% | $11.0M | $13.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,190.8 | +0.002% | $207K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,182.2 | −0.008% | $2.6M | $9.5M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,196.5 | +0.009% | $3.2M | $7.0M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,170 | −0.022% | $60.3M | $257.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,170.7 | −0.021% | $2.28B | $909.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,147.9 | −0.048% | $46.4M | $219.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,196 | +0.008% | — | $93.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,217.7 | +0.033% | $112.7M | $5.27B | 50x | as long as short |
| Hyperliquid BTC | +0.0137% | 1h | 86,250 | +0.071% | $3.87B | $4.74B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0154% | 1h | 86,154.3 | −0.040% | $6.7M | $132.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0160% | 1h | 86,226.9 | +0.044% | $835.6M | $1.61B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0186% | 8h | 86,211 | +0.026% | $11.1M | $725.9M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 86,253.2 | +0.074% | $9.0M | $40.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0185% | 1h | 86,185.1 | −0.005% | $13.3M | — | 200x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0280% | 1h | 86,292.6 | +0.120% | $684K | $7.4M | 30x | |
| Aftermath Perps BTCUSD | +0.0403% | 1h | 86,242.2 | +0.062% | $82K | $252K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 86,219.8 | +0.036% | $495K | $16.5M | 6.7x | as long as short |
Bybit BTCUSDT
Kraken Futures PF_XBTUSD
Phemex BTCUSDT
Phoenix BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Perpl BTC