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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0342%/8h= +37.4% APRpaid last 24h +0.036%
Price spread now: Hibachi against Bitget+0.171%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$230.235% of the position
Long on BitgetShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.253%−$25 on $10k
Price spread, last 7 days−0.141%−$14 · spread now +0.171%, 7d avg +0.029%
Together, before fees−0.394%+ Points / potential airdropHibachi: Active · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hibachi is 0.142% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.253%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,763.20.0074pay 0.0074% / 8h2h 39m$2.09B$3.13B150x
ShortHibachi ETH/USDT-P2,767.90.0416get 0.0052% / 1h39m 17s$272K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$71.82
Price spread: +0.171% → +0.029%
$14.21
Slippage, 4 orders
−$2.49
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$62.54
Costs to cover
0.235%
Break-even
0.9 days
Slippage from Bitget: live order book, 5 min ago; Hibachi: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago0.02 bp6.0 bp −$66.9 bp −$698.1 bp −$813doesn't fit
Sell Hibachi live order book, 5 min ago0.02 bp6.1 bp −$612.9 bp −$129doesn't fitdoesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0112%43m2,764.5+0.046%$288K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1+0.106%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,766.1+0.106%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,765.2+0.075%$10.4M$30.9M100xas long as short
01 Exchange ETHUSD−0.0064%1h2,763.3+0.004%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,766.8+0.131%$794K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,763.2+0.002%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,765.9+0.098%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,764.2+0.037%$22.3M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,763−0.007%$1.70B$11.81B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0023%1h2,768.6+0.195%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,764.1+0.035%$13.0M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,763.3+0.005%$265.9M$66.0M150xas long as short
Aster ETHUSDT+0.0039%8h2,762.8−0.015%$255.4M$995.8M200xas long as short
MEXC ETH_USDT+0.0044%8h2,763.4+0.009%$1.61B$2.64B500xas long as short
Binance ETHUSDT+0.0045%8h2,763−0.007%$6.42B$17.19B150xas long as short
Aevo ETH-PERP+0.0048%1h2,761.3−0.069%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0062%8h2,763.5+0.010%$3.29B$9.59B200xas long as short
Deribit ETH-PERPETUAL+0.0068%1h2,764.9+0.062%$258.4M$224.4M50xas long as short
Bitget ETHUSDTlong+0.0074%8h2,763.2long leg$2.09B$3.13B150x
Bullet ETH-USD+0.0085%1h2,763.3+0.005%$183K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,765.4+0.079%$140.3M$319.1M—as long as short
Lighter ETH+0.0096%1h2,763.5+0.012%$115.2M$510.8M50xas long as short
Lighter RH ETH+0.0096%1h2,764.9+0.062%$25.3M$122.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,763.9+0.027%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,763.6+0.016%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,763.5+0.012%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,763.5+0.013%$14.8M$116.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,765.9+0.098%$3.18B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,764.6+0.051%$31.1M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,763.2+0.001%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,764.6+0.051%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,765.4+0.080%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5+0.085%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,763.3+0.004%$424.0M$742.7M100xas long as short
BingX ETH-USDT+0.0100%8h2,763.3+0.004%—$1.19B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,765.8+0.093%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,765.4+0.080%$177.8M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.7+0.092%$160.8M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,766.5+0.120%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,764.8+0.059%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,764.4+0.043%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,765.8+0.096%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,764.6+0.050%$969K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,763−0.007%$55.0M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,762.9−0.009%$1.07B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,764.7+0.056%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,762.9−0.012%$31.4M$76.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,764.6+0.051%$60.0M$4.62B50xas long as short
Kalshi KXETHPERP+0.0117%8h2,764.7+0.055%$8.6M$672.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,766.1+0.107%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,763.1−0.002%$285.6M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,762.4−0.027%$7.4M$986K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,764.3+0.039%$88.2M$330.2M100xas long as short
Hibachi ETH/USDT-Pshort+0.0416%1h2,767.9+0.171%$272K$1.5M20x