Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h +0.039%
Price spread now: Hibachi against RISEx+0.088%7-day average +0.030% · 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−$11as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Funding, last 4 days (all we have)+0.126%+$13 on $10k
+Price spread, last 7 days−0.082%−$8 · spread now +0.088%, 7d avg +0.030%
=Together, before fees+0.044%+ Points / potential airdropHibachi: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hibachi is 0.058% dearer against RISEx than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 85,422.8 | 0.0194 | pay 0.0024% / 1h | 17m 43s | $8.2M | $42.5M | 25x |
| Short | Hibachi BTC/USDT-P | 85,497.8 | 0.0216 | get 0.0027% / 1h | 17m 43s | $703K | $7.9M | 30x |
RISEx BTC/USDC
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against RISEx. 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
- $4.71
- Price spread: +0.088% → +0.030%
- $5.76
- Slippage, 4 orders
- −$1.56
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$6.08
- Costs to cover
- 0.166%
- Break-even
- 16.0 days
Slippage from RISEx: live order book, 1 min ago; Hibachi: live order book, 1 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 RISEx live order book, 1 min ago | 0.01 bp | 3.0 bp −$3 | 3.0 bp −$30 | 10.6 bp −$1,057 | doesn't fit |
| Sell Hibachi live order book, 1 min ago | 0.01 bp | 4.9 bp −$5 | 5.4 bp −$54 | 39.4 bp −$3,944 | 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 | −0.0179% | 1h | 85,530 | +0.125% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,411 | −0.014% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,401.2 | −0.025% | $364K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0024% | 8h | 85,423 | 0.000% | $918.9M | $752.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,447.7 | +0.029% | $416.2M | $667.6M | 150x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,409 | −0.016% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 85,427.9 | +0.006% | $515.0M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0013% | 1h | 85,459.5 | +0.043% | $16.7M | $21.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0018% | 1h | 85,388.2 | −0.041% | $25.2M | $222.0M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,442.3 | +0.023% | $4.6M | $98.3M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
BloFin BTC-USDT
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Nado BTC-PERP
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0062% | 8h | 85,460.4 | +0.044% | — | $1.54B | — | as long as short |
| Bitget BTCUSDT | +0.0078% | 8h | 85,449.3 | +0.031% | $2.94B | $5.08B | 150x | as long as short |
| Phemex BTCUSDT | +0.0081% | 8h | 85,400.1 | −0.027% | $147.4M | $488.1M | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0084% | 1h | 85,383.4 | −0.046% | $6.7M | $146.8M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,454.5 | +0.037% | $172.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,459.9 | +0.043% | $23.9M | $149.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,405 | −0.021% | $8.6M | $53.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,392.7 | −0.035% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,454 | +0.036% | $5.06B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,457.9 | +0.041% | $9.36B | $24.16B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,378 | −0.052% | $211K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,513.1 | +0.106% | $5.0M | $9.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,528 | +0.123% | $3.74B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,480.3 | +0.067% | $40.1M | $579.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,453.5 | +0.036% | $5.20B | $9.80B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,466.7 | +0.051% | $2.58B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,442 | +0.022% | $3.9M | $18.2M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,516 | +0.109% | $659.1M | $647.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,429.9 | +0.008% | $5.50B | $10.74B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,407.3 | −0.018% | $35.6M | $176.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,443.5 | +0.024% | $153.4M | $565.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,504 | +0.095% | $279.3M | $921.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,513.1 | +0.106% | $214.6M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,457.2 | +0.040% | $139.7M | $314.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,491.9 | +0.081% | $30.2M | $208.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,461.4 | +0.045% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,394 | −0.034% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,396 | −0.031% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,394.2 | −0.034% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,437.7 | +0.017% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,385.5 | −0.044% | $29.9M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,391 | −0.037% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,399 | −0.028% | $59.9M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,400.1 | −0.027% | $2.26B | $942.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,410.5 | −0.014% | $44.6M | $230.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,408.9 | −0.016% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,437.4 | +0.017% | $117.1M | $5.19B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0128% | 1h | 85,442.4 | +0.023% | $891.4M | $1.58B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,475 | +0.061% | $339K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,421.5 | −0.002% | $187.5M | $955.3M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0152% | 1h | 85,405.2 | −0.021% | $13.3M | — | 200x | as long as short |
| RISEx BTC/USDClong | +0.0194% | 1h | 85,422.8 | long leg | $8.2M | $42.5M | 25x | |
| Hibachi BTC/USDT-Pshort | +0.0216% | 1h | 85,497.8 | +0.088% | $703K | $7.9M | 30x | |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,436 | +0.015% | $10.3M | $756.2M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0225% | 1h | 85,486.5 | +0.074% | $78K | $219K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,417.3 | −0.006% | $498K | $18.8M | 6.7x | as long as short |
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
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
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Perpl BTC