ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0248%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.070%

Price spread now: Jupiter Perps against Hibachi+0.029%7-day average −0.017% · you sell dearer than you buy

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

Long on Hibachi Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.029%, 7d avg −0.017%

Together, before fees−0.126%+ Points / potential airdropHibachi: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Jupiter Perps is 0.045% dearer against Hibachi than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.017%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.093% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,770	0.0200	pay 0.0025% / 1h	4m 52s	$252K	$1.6M	20x
Short	Jupiter Perps ETH-PERP	2,770.8	L +0.0104% / S +0.0048%	pay 0.0006% / 1h	4m 52s	—	$43.8M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Hibachi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Jupiter PerpsbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$52.08
Price spread: +0.029% → −0.017%: $4.52
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$68.56
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hibachi: live order book, 4 min ago; Jupiter Perps: 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, 4 min ago	1.03 bp	7.6 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Jupiter Perps no order-book sample	—	—	—	—	—

Jupiter Perps: 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	−0.0223%	43m	2,769.1	−0.030%	$285K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,769.7	−0.011%	$5.6M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,762.1	−0.284%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.5	−0.017%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0021%	1h	2,769.3	−0.025%	$8.7M	$32.9M	100x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,770.1	+0.005%	$168K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.6	−0.013%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,771.5	+0.055%	$876K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,770.8	+0.031%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,773	+0.110%	$1.71B	$11.90B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,770.6	+0.024%	$12.8M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0029%	1h	2,771.1	+0.043%	$29K	$22K	20x	as long as short
Phemex ETHUSDT	+0.0030%	8h	2,769.5	−0.018%	$269.9M	$68.7M	150x	as long as short
SoDEX ETH-USD	+0.0030%	1h	2,769.9	−0.002%	$55.1M	$228.7M	40x	as long as short
Aster ETHUSDT	+0.0032%	8h	2,771.9	+0.069%	$255.9M	$1.00B	200x	as long as short
Bullet ETH-USD	+0.0035%	1h	2,769.8	−0.005%	$182K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0055%	8h	2,772.8	+0.102%	$6.46B	$17.29B	150x	as long as short
MEXC ETH_USDT	+0.0055%	8h	2,772.6	+0.096%	$1.62B	$2.66B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,768.8	−0.043%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,772.8	+0.102%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,773.3	+0.119%	$3.29B	$9.70B	200x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,772.6	+0.094%	$421.3M	$738.4M	100x	as long as short
Bybit ETHUSDT	+0.0088%	8h	2,773.4	+0.125%	$2.51B	$4.62B	150x	as long as short
BingX ETH-USDC	+0.0088%	8h	2,772.6	+0.095%	—	$17.5M	—	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,771.1	+0.041%	$60.3M	$4.59B	50x	as long as short
HTX ETH-USDT	+0.0092%	8h	2,769.2	−0.029%	$1.08B	$1.32B	200x	as long as short
Nado ETH-PERP	+0.0095%	1h	2,768.5	−0.054%	$14.3M	$118.2M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,770.1	+0.004%	$115.0M	$501.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771.5	+0.055%	$25.3M	$122.1M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,770.5	+0.018%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,768.7	−0.047%	$15.9M	$10.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.2	−0.028%	$475K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.1	+0.077%	$3.17B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.3	−0.022%	$31.2M	$316.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.2	−0.028%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.3	+0.014%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.4	−0.020%	$169.4M	$262.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.7	−0.008%	$15.1M	$44.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	−0.052%	$148.3M	$337.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.8	−0.007%	$181.8M	$784.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.9	+0.035%	$161.1M	$89.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.8	+0.030%	$21.4M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.3	+0.012%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,770.4	+0.016%	$21K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.9	−0.037%	$970K	$13.9M	100x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.5	+0.091%	$42.7M	$29.4M	15x	as long as short
Kalshi KXETHPERP	+0.0102%	8h	2,770.5	+0.019%	$8.2M	$688.4M	4.9x	as long as short
Extended ETH-USD	+0.0104%	1h	2,772.1	+0.076%	$32.5M	$78.4M	50x	as long as short
Jupiter Perps ETH-PERPshort	L +0.0104% / S +0.0048%	1h	2,770.8	+0.029%	—	$43.8M	500x
Deribit ETH-PERPETUAL	+0.0104%	1h	2,771.7	+0.063%	$259.0M	$222.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,771.1	+0.042%	$90.4M	$338.2M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0144%	8h	2,772.8	+0.101%	$32.6M	$12.2M	100x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,770	+0.002%	$286.6M	$193.5M	150x	as long as short
Hibachi ETH/USDT-Plong	+0.0200%	1h	2,770	long leg	$252K	$1.6M	20x
Reya ETHRUSDPERP	+0.0205%	1h	2,769.9	−0.001%	$7.3M	$1.2M	25x	as long as short