ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0424%/8h= +46.4% APRnext payment +$0.53 per $10,000 · paid last 24h −0.014%

Price spread now: Hibachi against dYdX−0.001%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on dYdX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.429%−$43 on $10k

Price spread, last 7 days−0.063%−$6 · spread now −0.001%, 7d avg +0.031%

Together, before fees−0.491%+ Points / potential airdropHibachi: Active · farm board−$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hibachi is 0.032% cheaper against dYdX than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.031%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.429%, 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	dYdX ETH-USD	2,770.7	0.0000	pay 0.0000% / 1h	28m 15s	$12.7M	$45.5M	50x
Short	Hibachi ETH/USDT-P	2,770.7	0.0424	get 0.0053% / 1h	28m 15s	$287K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against dYdX. 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 dYdXbpFee HibachibpOrdersPrice spread, now −0.001%Rate

Funding earned: $89.03
Price spread: −0.001% → +0.031%: −$3.17
Slippage, 4 orders: −$15.76
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $51.1
Costs to cover: 0.348%
Break-even: 3.0 days

Slippage from dYdX: 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 dYdX live order book, 1 min ago	6.32 bp	12.0 bp −$12	27.4 bp −$274	54.7 bp −$5,470	94.3 bp −$47.1K
Sell Hibachi live order book, 1 min ago	0.18 bp	6.1 bp −$6	12.6 bp −$126	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	2,770	−0.026%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.167%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.9	−0.029%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,770.1	−0.022%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,768.8	−0.069%	$795K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,770.1	−0.021%	$5.8M	$11.8M	25x	as long as short
ApeX Omni ETHUSDT	−0.0008%	1h	2,768.6	−0.077%	$8.8M	$32.5M	100x	as long as short
Aftermath Perps ETHUSD	−0.0001%	1h	2,768.5	−0.081%	$29K	$22K	20x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,770.7	long leg	$12.7M	$45.5M	50x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,769.8	−0.033%	$22.4M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0017%	8h	2,769	−0.062%	$266.6M	$66.1M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,768.8	−0.071%	$1.71B	$11.86B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,769.8	−0.035%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,769	−0.063%	$255.9M	$995.9M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,769	−0.061%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0045%	8h	2,769.1	−0.059%	$6.42B	$17.20B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,767.3	−0.125%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0068%	8h	2,769.2	−0.054%	$3.29B	$9.63B	200x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,769	−0.061%	$2.09B	$3.12B	150x	as long as short
Bullet ETH-USD	+0.0078%	1h	2,769	−0.062%	$184K	$1.8M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0082%	1h	2,770.7	−0.002%	$258.4M	$224.7M	50x	as long as short
Variational Omni ETH	+0.0091%	8h	2,768.2	−0.090%	$140.3M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,769.6	−0.040%	$115.1M	$512.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771	+0.011%	$25.4M	$122.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,770.4	−0.013%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,769.6	−0.041%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770	−0.026%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,769.8	−0.034%	$14.7M	$116.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,771.1	+0.014%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.2	−0.019%	$31.2M	$287.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.8	−0.068%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.1	−0.058%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.9	+0.043%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.173%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,769.8	−0.034%	$423.7M	$740.7M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,768.9	−0.067%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.2	−0.054%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.7	−0.146%	$177.8M	$792.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.6	−0.076%	$161.0M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,769.1	−0.058%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,769.9	−0.028%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.1	+0.014%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.9	−0.028%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,771.5	+0.027%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.2	−0.055%	$971K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,768.9	−0.066%	$55.1M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,769.1	−0.060%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.6	−0.078%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,770.6	−0.004%	$60.2M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0116%	8h	2,770.6	−0.004%	$8.7M	$672.2M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0130%	8h	2,771.8	+0.041%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,768.6	−0.076%	$285.5M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,768.9	−0.066%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,770.2	−0.020%	$87.2M	$330.1M	100x	as long as short
Hibachi ETH/USDT-Pshort	+0.0424%	1h	2,770.7	−0.001%	$287K	$1.5M	20x