Funding you earn now, next payment 22:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.038%
Price spread now: Hibachi against Paradex+0.044%46s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$160.157% of the position
Funding, last 4 days (all we have)+0.125%+$12 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now +0.044%, 7d avg +0.028%
=Together, before fees+0.042%+ Points / potential airdropParadex: Active · Hibachi: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 46 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 | Paradex BTC-USD-PERP | 86,664.1 | 0.0100 | pay 0.0100% / 8h | 2h 08m | $4.8M | $8.3M | 50x |
| Short | Hibachi BTC/USDT-P | 86,702.6 | 0.0184 | get 0.0023% / 1h | 8m 41s | $779K | $7.9M | 30x |
Paradex BTC-USD-PERP
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Paradex. 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
- $17.66
- Price spread: +0.044% → +0.028%
- $1.61
- Slippage, 4 orders
- −$2.75
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $3.53
- Costs to cover
- 0.157%
- Break-even
- 5.6 days
Slippage from Paradex: live order book, 1 min ago; Hibachi: live order book, just now.
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 Paradex live order book, 1 min ago | 0.83 bp | 2.8 bp −$3 | 2.8 bp −$28 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, just now | 0.01 bp | 5.6 bp −$6 | 6.0 bp −$60 | 44.8 bp −$4,479 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0249% | 1h | 86,701.3 | +0.043% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,643.1 | −0.024% | $427K | $24.6M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,670 | +0.007% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,606 | −0.067% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0063% | 1h | 86,646.1 | −0.021% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,638.3 | −0.030% | $361K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,652.8 | −0.013% | $928.0M | $1.47B | 50x | as long as short |
| Aster BTCUSDT | +0.0001% | 8h | 86,593.1 | −0.082% | $505.6M | $1.16B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,638.9 | −0.029% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0006% | 8h | 86,602.3 | −0.071% | $851.9M | $708.3M | 125x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,610.5 | −0.062% | $6.7M | $144.5M | 40x | as long as short |
| BingX BTC-USDT | +0.0029% | 8h | 86,610.3 | −0.062% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0030% | 8h | 86,618.5 | −0.053% | $150.0M | $471.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0036% | 8h | 86,608.4 | −0.064% | $2.95B | $5.09B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,770 | +0.122% | $316K | $26.8M | 52x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,620.2 | −0.051% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,610.8 | −0.061% | $5.20B | $5.72B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,608.6 | −0.064% | $9.43B | $24.38B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,630.3 | −0.039% | $9.3M | $42.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,608.3 | −0.064% | $5.85B | $10.70B | 200x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 86,604.7 | −0.069% | $5.26B | $9.73B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0093% | 8h | 86,618.8 | −0.052% | $2.55B | $12.73B | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,622.3 | −0.048% | $171.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,630 | −0.039% | $24.1M | $154.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,607 | −0.066% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,604 | −0.069% | $202K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERPlong | +0.0100% | 8h | 86,664.1 | long leg | $4.8M | $8.3M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 86,606.6 | −0.066% | $21.6M | $235.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,688 | +0.028% | $3.81B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,648 | −0.019% | $40.9M | $498.0M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,627 | −0.043% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,688.9 | +0.029% | $7.4M | $94.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,682.4 | +0.021% | $572.6M | $21.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,616.5 | −0.055% | $38.2M | $149.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,672.4 | +0.010% | $160.1M | $567.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,681.2 | +0.020% | $280.0M | $941.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,681.4 | +0.020% | $217.5M | $186.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,695.9 | +0.037% | $141.5M | $322.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,717.6 | +0.062% | $30.8M | $203.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,678.8 | +0.017% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,616 | −0.055% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,612 | −0.060% | $196K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,640.9 | −0.027% | $2.4M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,644.3 | −0.023% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,622.7 | −0.048% | $30.0M | $61.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,675.1 | +0.013% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,619 | −0.052% | $60.5M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,616.5 | −0.055% | $2.30B | $960.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,596.5 | −0.078% | $46.4M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,653.3 | −0.012% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,649.9 | −0.016% | $187.4M | $934.3M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,664.6 | +0.001% | $131.7M | $5.83B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0170% | 8h | 86,657 | −0.008% | $9.5M | $727.7M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0179% | 8h | 86,619.9 | −0.051% | $416.5M | $655.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0209% | 1h | 86,635.1 | −0.033% | $15.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0184% | 1h | 86,702.6 | +0.044% | $779K | $7.9M | 30x |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
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
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]