Funding you earn now, next payment 04:00 UTC−0.0280%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h +0.008%
Price spread now: Hibachi against Bluefin−0.016%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin ETH-PERP | 2,731.6 | 0.0528 | pay 0.0066% / 1h | 44m 03s | $21K | $20K | 25x |
| Short | Hibachi ETH/USDT-P | 2,731.2 | 0.0248 | get 0.0031% / 1h | 44m 03s | $254K | $1.4M | 20x |
Bluefin ETH-PERP
Hibachi ETH/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Bluefin. 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
- −$58.83
- Price spread: −0.016% → 0.000%
- −$1.58
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$76.41
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Bluefin: no order-book sample; Hibachi: live order book, 5 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 Bluefin no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 5 min ago | 0.02 bp | 10.6 bp −$11 | 17.4 bp −$174 | doesn't fit | doesn't fit |
Bluefin: 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.
ETH 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,731.8 | +0.005% | $298K | $5.6M | 8.3x | as long as short |
| Injective ETH/USDC PERP | −0.0141% | 1h | 2,729.6 | −0.074% | $117K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,730 | −0.060% | $5K | $1K | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,731.7 | +0.004% | $11.9M | — | 200x | as long as short |
| ApeX Omni ETHUSDT | −0.0008% | 1h | 2,729 | −0.097% | $8.9M | $31.3M | 100x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,730.7 | −0.033% | $10.7M | $41.7M | 50x | as long as short |
| 01 Exchange ETHUSD | 0.0000% | 1h | 2,732.8 | +0.043% | $188K | $841K | 50x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,728.1 | −0.129% | $830K | $2.9M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,731.9 | +0.010% | $26.2M | — | 200x | as long as short |
| Bullet ETH-USD | +0.0014% | 1h | 2,731 | −0.023% | $182K | $1.7M | 20x | as long as short |
Perpl ETH
Injective ETH/USDC PERP
Hotstuff ETH-PERP
GMX ETH/USD [ETH-USDC]
ApeX Omni ETHUSDT
dYdX ETH-USD
01 Exchange ETHUSD
Phoenix ETH
gTrade (Gains Network) ETH/USD
Bullet ETH-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX ETH-USD | +0.0053% | 1h | 2,731.3 | −0.012% | $54.4M | $187.6M | 40x | as long as short |
| BingX ETH-USDT | +0.0057% | 8h | 2,731.5 | −0.004% | — | $1.15B | — | as long as short |
| KuCoin ETHUSDTM | +0.0070% | 8h | 2,731.8 | +0.005% | $380.4M | $575.8M | 100x | as long as short |
| OKX ETH-USDT-SWAP | +0.0073% | 8h | 2,730.6 | −0.038% | $1.66B | $10.69B | 100x | as long as short |
| Aster ETHUSDT | +0.0080% | 8h | 2,731.2 | −0.016% | $252.2M | $844.1M | 200x | as long as short |
| HTX ETH-USDT | +0.0088% | 8h | 2,731.1 | −0.019% | $1.05B | $1.19B | 200x | as long as short |
| Aevo ETH-PERP | +0.0088% | 1h | 2,730.9 | −0.028% | $4.9M | $155K | 20x | as long as short |
| MEXC ETH_USDT | +0.0089% | 8h | 2,732.1 | +0.016% | $1.53B | $2.55B | 500x | as long as short |
| Binance ETHUSDT | +0.0090% | 8h | 2,730.9 | −0.027% | $6.34B | $15.85B | 150x | as long as short |
| Deribit ETH-PERPETUAL | +0.0090% | 1h | 2,732.8 | +0.042% | $260.1M | $196.8M | 50x | as long as short |
| Bybit ETHUSDT | +0.0094% | 8h | 2,730.4 | −0.047% | $2.39B | $4.34B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,731.8 | +0.005% | $112.1M | $435.0M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,733.3 | +0.062% | $23.2M | $105.7M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0056% | 1h | 2,732.3 | +0.026% | — | $30.6M | 500x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,734.6 | +0.109% | $15.7M | $8.0M | 50x | as long as short |
| RISEx ETH/USDC | +0.0099% | 1h | 2,732.8 | +0.043% | $5.6M | $11.5M | 25x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,731.8 | +0.006% | $498K | $3.2M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,731.7 | +0.003% | $13.7M | $104.8M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,734.2 | +0.095% | $3.10B | $2.06B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,732.4 | +0.026% | $31.6M | $333.8M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,729.4 | −0.082% | $2.7M | $16.9M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,732.6 | +0.035% | $2.8M | $16.2M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,731.8 | +0.005% | $3.36B | $8.81B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,730.7 | −0.036% | $2.07B | $2.75B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,731.5 | −0.005% | $15.0M | $39.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,728.4 | −0.119% | $133.1M | $325.5M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,726.2 | −0.198% | $182.6M | $671.4M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,729 | −0.095% | $158.7M | $84.8M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,731 | −0.023% | $21.1M | $69.5M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,731.8 | +0.005% | — | $843K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,733.2 | +0.057% | $10.9M | $8.8M | 50x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,732.8 | +0.044% | $41.3M | $29.7M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,731.3 | −0.011% | $957K | $11.4M | 100x | as long as short |
| Phemex ETHUSDT | +0.0100% | 8h | 2,731.9 | +0.009% | $265.6M | $65.5M | 150x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,730.9 | −0.027% | $166.8M | $318.0M | 25x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,729.9 | −0.065% | $30.4M | $72.5M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,732.9 | +0.045% | $51.8M | $4.26B | 50x | as long as short |
| Aftermath Perps ETHUSD | +0.0118% | 1h | 2,732.6 | +0.035% | $30K | $20K | 20x | as long as short |
| Kalshi KXETHPERP | +0.0153% | 8h | 2,731.4 | −0.008% | $6.3M | $677.0M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0193% | 8h | 2,733.6 | +0.071% | $32.1M | $11.5M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0222% | 1h | 2,732.4 | +0.029% | $84.6M | $313.6M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0223% | 1h | 2,730.2 | −0.052% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-Pshort | +0.0248% | 1h | 2,731.2 | −0.016% | $254K | $1.4M | 20x | |
| BloFin ETH-USDT | +0.0291% | 8h | 2,730.1 | −0.056% | $284.8M | $174.9M | 150x | as long as short |
| Bluefin ETH-PERPlong | +0.0528% | 1h | 2,731.6 | long leg | $21K | $20K | 25x |
SoDEX ETH-USD
BingX ETH-USDT
KuCoin ETHUSDTM
OKX ETH-USDT-SWAP
Aster ETHUSDT
HTX ETH-USDT
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Deribit ETH-PERPETUAL
Bybit ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Paradex ETH-USD-PERP
RISEx ETH/USDC
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Derive ETH-PERP
SunX ETH-USDT
Phemex ETHUSDT
Bulk ETH-USD
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Aftermath Perps ETHUSD
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
Reya ETHRUSDPERP
BloFin ETH-USDT