ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0312%/8h= +34.2% APRnext payment +$0.39 per $10,000 · paid last 24h +0.023%

Price spread now: Hibachi against Coinbase International+0.032%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Coinbase International Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.032%, 7d avg 0.000%

Together, before fees−0.310%+ Points / potential airdropHibachi: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hibachi is 0.032% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of 0.000%. Mind the row above: over the last 7 days funding on this pair cost −0.329%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,767.6	0.0104	pay 0.0013% / 1h	32m 47s	$60.0M	$4.62B	50x
Short	Hibachi ETH/USDT-P	2,768.5	0.0416	get 0.0052% / 1h	32m 47s	$287K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HibachibpOrdersPrice spread, now +0.032%Rate

Funding earned: $65.52
Price spread: +0.032% → 0.000%: $3.16
Slippage, 4 orders: −$1.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $47.96
Costs to cover: 0.207%
Break-even: 1.9 days

Slippage from Coinbase International: 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 Coinbase International live order book, 1 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	7.4 bp −$739	20.5 bp −$10.3K
Sell Hibachi live order book, 1 min ago	0.02 bp	6.1 bp −$6	13.2 bp −$132	doesn't fit	doesn't fit

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	−0.0112%	43m	2,766.6	−0.038%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.055%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,766.8	−0.030%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0064%	1h	2,766.6	−0.037%	$171K	$1.2M	50x	as long as short
ApeX Omni ETHUSDT	−0.0052%	1h	2,767.5	−0.003%	$8.8M	$32.5M	100x	as long as short
Phoenix ETH	−0.0023%	1h	2,767	−0.022%	$794K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,766.2	−0.050%	$5.8M	$11.8M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,767.4	−0.008%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,767	−0.024%	$22.3M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,766.3	−0.047%	$1.71B	$11.85B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps ETHUSD	+0.0023%	1h	2,767.4	−0.007%	$29K	$21K	20x	as long as short
Phemex ETHUSDT	+0.0025%	8h	2,766.1	−0.055%	$266.3M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,766.9	−0.025%	$13.1M	—	200x	as long as short
Aster ETHUSDT	+0.0038%	8h	2,766.5	−0.042%	$255.7M	$995.1M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0043%	1h	2,767.4	−0.007%	$258.4M	$224.5M	50x	as long as short
MEXC ETH_USDT	+0.0046%	8h	2,766.4	−0.044%	$1.62B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,766.4	−0.043%	$6.42B	$17.20B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,764	−0.129%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0066%	8h	2,766.4	−0.043%	$3.28B	$9.62B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,766.5	−0.039%	$2.09B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0081%	1h	2,766	−0.058%	$184K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,764	−0.130%	$140.6M	$319.6M	—	as long as short
Lighter ETH	+0.0096%	1h	2,767.1	−0.017%	$115.2M	$511.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,767.9	+0.010%	$25.4M	$122.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,767	−0.021%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,766.2	−0.052%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,766.7	−0.033%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,766.4	−0.043%	$14.7M	$116.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,769.5	+0.068%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,767	−0.022%	$31.1M	$285.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,766.4	−0.044%	$2.50B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.1	−0.055%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.3	+0.026%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.5	−0.075%	$164.9M	$254.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,766.1	−0.053%	$424.3M	$741.0M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,766.5	−0.042%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,766.4	−0.045%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,764.4	−0.115%	$177.7M	$792.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,765.8	−0.067%	$160.8M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,765.2	−0.087%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,767.1	−0.020%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,767.6	−0.001%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.3	−0.012%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,768.4	+0.028%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,765.7	−0.071%	$970K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,765.8	−0.066%	$55.1M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,766	−0.058%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,765.5	−0.076%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0104%	1h	2,767.6	long leg	$60.0M	$4.62B	50x
Kalshi KXETHPERP	+0.0120%	8h	2,767.2	−0.015%	$8.6M	$672.2M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,768.8	+0.041%	$32.5M	$11.9M	100x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,765.5	−0.078%	$285.6M	$194.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0184%	1h	2,765.2	−0.089%	$7.5M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0241%	1h	2,767.1	−0.019%	$87.5M	$329.9M	100x	as long as short
Hibachi ETH/USDT-Pshort	+0.0416%	1h	2,768.5	+0.032%	$287K	$1.5M	20x