Funding you earn now, next payment 05:00 UTC−0.0336%/8h= −36.8% APRnext payment −$0.42 per $10,000 · paid last 24h −0.083%
Price spread now: Hotstuff against Hibachi−0.053%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hotstuff is 0.053% cheaper against Hibachi than usual: you would sell low and buy high (−$5 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 | 2,737.3 | 0.0256 | pay 0.0032% / 1h | 31m 29s | $245K | $1.4M | 20x |
| Short | Hotstuff ETH-PERP | 2,735.9 | −0.0080 | pay 0.0010% / 1h | 31m 29s | $5K | $1K | 50x |
Hibachi ETH/USDT-P
Hotstuff ETH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Hibachi. 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
- −$70.56
- Price spread: −0.053% → 0.000%
- −$5.26
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$89.82
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hibachi: live order book, 3 min ago; Hotstuff: 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, 3 min ago | 0.02 bp | 5.2 bp −$5 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | 2,737.5 | +0.006% | $297K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERPshort | −0.0080% | 1h | 2,735.9 | −0.053% | $5K | $1K | 50x | |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,736.3 | −0.038% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,737.1 | −0.009% | $820K | $2.9M | 25x | as long as short |
| HTX ETH-USDT | −0.0001% | 8h | 2,735.4 | −0.071% | $1.06B | $1.20B | 200x | as long as short |
| dYdX ETH-USD | +0.0004% | 1h | 2,737 | −0.011% | $10.8M | $42.0M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,736.3 | −0.038% | $28.1M | — | 200x | as long as short |
| Bullet ETH-USD | +0.0028% | 1h | 2,737.6 | +0.009% | $179K | $1.7M | 20x | as long as short |
| BingX ETH-USDC | +0.0032% | 8h | 2,737 | −0.014% | — | $18.4M | — | as long as short |
| Bybit ETHUSDT | +0.0041% | 8h | 2,737.8 | +0.016% | $2.38B | $4.37B | 150x | as long as short |
Perpl ETH
GMX ETH/USD [ETH-USDC]
Phoenix ETH
HTX ETH-USDT
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
Bullet ETH-USD
BingX ETH-USDC
Bybit ETHUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ETHUSD | +0.0048% | 1h | 2,738.4 | +0.039% | $187K | $815K | 50x | as long as short |
| Deribit ETH-PERPETUAL | +0.0064% | 1h | 2,737 | −0.011% | $259.5M | $200.1M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0067% | 1h | 2,736.2 | −0.041% | $8.7M | $31.2M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0068% | 8h | 2,736.8 | −0.018% | $381.3M | $573.8M | 100x | as long as short |
| OKX ETH-USDT-SWAP | +0.0075% | 8h | 2,738.3 | +0.037% | $1.67B | $10.75B | 100x | as long as short |
| Phemex ETHUSDT | +0.0078% | 8h | 2,735.8 | −0.055% | $265.2M | $65.1M | 150x | as long as short |
| Aster ETHUSDT | +0.0084% | 8h | 2,737.9 | +0.019% | $251.5M | $842.2M | 200x | as long as short |
| SunX ETH-USDT | +0.0084% | 8h | 2,734.8 | −0.095% | $960K | $11.2M | 100x | as long as short |
| MEXC ETH_USDT | +0.0092% | 8h | 2,737.9 | +0.022% | $1.55B | $2.56B | 500x | as long as short |
| Binance ETHUSDT | +0.0093% | 8h | 2,737.8 | +0.018% | $6.36B | $15.89B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,737.2 | −0.004% | $112.9M | $432.2M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,738.3 | +0.035% | $23.4M | $104.2M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,737.5 | +0.007% | — | $30.9M | 500x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,734.5 | −0.103% | $4.9M | $155K | 20x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,737.8 | +0.017% | $117K | $22.5M | 52x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,739.4 | +0.076% | $15.6M | $8.0M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,737.3 | −0.001% | $507K | $3.3M | 50x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,735.8 | −0.056% | $54.5M | $187.7M | 40x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,736.7 | −0.024% | $13.8M | $104.5M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,740.5 | +0.115% | $3.11B | $2.04B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,737.7 | +0.015% | $32.1M | $333.7M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,737.3 | −0.001% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,738.6 | +0.045% | $1.6M | $16.0M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,736.4 | −0.033% | $170.3M | $327.0M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,737.5 | +0.005% | $3.34B | $8.88B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,738.4 | +0.037% | $2.07B | $2.72B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,735 | −0.087% | $15.2M | $41.1M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,735.4 | −0.072% | $133.6M | $322.1M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,735.5 | −0.066% | $184.0M | $671.0M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,737.2 | −0.005% | $159.3M | $86.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,737.1 | −0.009% | $21.1M | $69.2M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,738.7 | +0.050% | — | $844K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,739.7 | +0.086% | $11.2M | $9.3M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,737 | −0.012% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,737.8 | +0.016% | $41.3M | $29.9M | 15x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,736.7 | −0.024% | $30.6M | $73.0M | 50x | as long as short |
| RISEx ETH/USDC | +0.0107% | 1h | 2,738.3 | +0.035% | $5.6M | $11.7M | 25x | as long as short |
| Aftermath Perps ETHUSD | +0.0110% | 1h | 2,737.3 | 0.000% | $30K | $20K | 20x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,736.4 | −0.036% | $51.0M | $4.28B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0138% | 8h | 2,737.7 | +0.013% | $6.5M | $683.4M | 4.9x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,736.2 | −0.041% | $83.4M | $315.1M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0197% | 8h | 2,738.3 | +0.035% | $32.2M | $11.7M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0211% | 1h | 2,737.2 | −0.006% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-Plong | +0.0256% | 1h | 2,737.3 | long leg | $245K | $1.4M | 20x | |
| BloFin ETH-USDT | +0.0372% | 8h | 2,736.6 | −0.029% | $283.4M | $175.3M | 150x | as long as short |
01 Exchange ETHUSD
Deribit ETH-PERPETUAL
ApeX Omni ETHUSDT
KuCoin ETHUSDTM
OKX ETH-USDT-SWAP
Phemex ETHUSDT
Aster ETHUSDT
SunX ETH-USDT
MEXC ETH_USDT
Binance ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Aevo ETH-PERP
Injective ETH/USDC PERP
Paradex ETH-USD-PERP
Katana Perps ETH-USD
SoDEX ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk 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
Bluefin ETH-PERP
Derive ETH-PERP
Extended ETH-USD
RISEx ETH/USDC
Aftermath Perps ETHUSD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Kraken Futures PF_ETHUSD
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
BloFin ETH-USDT