ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.008%

Price spread now: Bluefin against Hibachi−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bluefin is 0.041% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,772	0.0192	pay 0.0024% / 1h	56m 36s	$252K	$1.6M	20x
Short	Bluefin ETH-PERP	2,770.9	0.0100	get 0.0013% / 1h	56m 36s	$21K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Hibachi. 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 HibachibpFee BluefinbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$19.32
Price spread: −0.041% → 0.000%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$39.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hibachi: live order book, 2 min ago; Bluefin: no order-book sample. 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 Hibachi live order book, 2 min ago	0.90 bp	7.9 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

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
Injective ETH/USDC PERP	−0.0752%	1h	2,771.6	−0.014%	$119K	$22.5M	52x	as long as short
Perpl ETH	−0.0223%	43m	2,769.7	−0.083%	$284K	$6.8M	8.3x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,769.9	−0.074%	$5.7M	$11.9M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.2	−0.029%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0024%	1h	2,770.3	−0.061%	$168K	$1.2M	50x	as long as short
Bullet ETH-USD	−0.0015%	1h	2,770.3	−0.061%	$182K	$1.7M	20x	as long as short
SoDEX ETH-USD	−0.0014%	1h	2,770.3	−0.061%	$55.2M	$228.8M	40x	as long as short
ApeX Omni ETHUSDT	−0.0005%	1h	2,773.8	+0.065%	$8.7M	$32.9M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,770.5	−0.053%	$12.7M	$45.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,771.4	−0.022%	$8.1M	$689.9M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ETH	+0.0003%	1h	2,771.4	−0.022%	$876K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.5	−0.017%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,770.5	−0.056%	$1.71B	$11.78B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,771.2	−0.029%	$12.8M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0035%	1h	2,773.5	+0.054%	$29K	$22K	20x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,771.2	−0.028%	$255.8M	$1.00B	200x	as long as short
Gate ETH_USDT	+0.0043%	8h	2,770.7	−0.047%	$3.29B	$8.88B	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,770.2	−0.064%	$5.0M	$320K	20x	as long as short
MEXC ETH_USDT	+0.0057%	8h	2,770.5	−0.056%	$1.61B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0057%	8h	2,771.3	−0.026%	$6.46B	$17.26B	150x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,770.5	−0.056%	$2.10B	$3.07B	150x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,771.4	−0.022%	$422.6M	$736.6M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,771.8	−0.007%	$60.8M	$4.58B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0086%	1h	2,772.2	+0.006%	$259.1M	$221.7M	50x	as long as short
Vest ETH-PERP	+0.0096%	1h	2,770.7	−0.048%	—	$1.1M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,771.1	−0.033%	$115.1M	$455.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.2	+0.009%	$25.3M	$109.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.4	−0.058%	$15.9M	$9.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.8	−0.079%	$483K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.8	−0.044%	$14.4M	$118.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.6	+0.056%	$3.17B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.4	−0.022%	$31.2M	$319.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.9	−0.040%	$2.51B	$4.59B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.6	−0.087%	$2.8M	$17.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.7	−0.047%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.5	−0.053%	$170.6M	$266.1M	25x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,770.1	−0.068%	—	$1.24B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772	0.000%	$15.2M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	+0.066%	$151.5M	$345.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,774.3	+0.083%	$182.1M	$783.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776	+0.146%	$161.4M	$88.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,771.3	−0.025%	$21.4M	$58.5M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.3	−0.061%	$10.6M	$8.1M	50x	as long as short
Bluefin ETH-PERPshort	+0.0100%	1h	2,770.9	−0.041%	$21K	$24K	25x
Derive ETH-PERP	+0.0100%	1h	2,773	+0.036%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.6	−0.085%	$971K	$13.8M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,770.1	−0.068%	$1.08B	$1.31B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,770.2	−0.066%	$269.8M	$68.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.6	−0.085%	$32.5M	$78.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,770.6	−0.050%	—	$42.2M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,771.8	−0.006%	$90.7M	$328.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0146%	8h	2,772.8	+0.030%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0177%	8h	2,770.6	−0.052%	$286.6M	$192.8M	150x	as long as short
Hibachi ETH/USDT-Plong	+0.0192%	1h	2,772	long leg	$252K	$1.6M	20x
Reya ETHRUSDPERP	+0.0207%	1h	2,769.8	−0.079%	$7.3M	$1.2M	25x	as long as short