ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0324%/8h= −35.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.019%

Price spread now: Ondo Perps against Hibachi−0.001%7-day average −0.055% · you buy dearer than you sell

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

Long on Hibachi Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 7 days−0.354%−$35 · spread now −0.001%, 7d avg −0.055%

Together, before fees−0.031%+ Points / potential airdropHibachi: Active · Ondo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.054% dearer against Hibachi than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.055%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.323%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,771.5	0.0424	pay 0.0053% / 1h	26m 52s	$285K	$1.5M	20x
Short	Ondo Perps ETH-USD.P	2,771.5	0.0100	get 0.0013% / 1h	26m 52s	$2.9M	$16.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$68.04
Price spread: −0.001% → −0.055%: $5.44
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$76.6
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Hibachi: live order book, 2 min ago; Ondo 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, 2 min ago	0.18 bp	5.3 bp −$5	8.8 bp −$88	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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	−0.0112%	43m	2,771.5	0.000%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.195%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.9	+0.014%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,771.7	+0.007%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,768.8	−0.098%	$795K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,771.9	+0.014%	$5.8M	$11.8M	25x	as long as short
ApeX Omni ETHUSDT	−0.0008%	1h	2,768.6	−0.106%	$8.8M	$32.5M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,772.3	+0.027%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0006%	1h	2,769.1	−0.087%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,773.6	+0.076%	$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	+0.0012%	8h	2,772.6	+0.039%	$266.9M	$66.1M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,773.2	+0.062%	$1.71B	$11.88B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,773.5	+0.070%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,773.2	+0.060%	$256.3M	$995.8M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,773.5	+0.072%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,773.5	+0.071%	$6.43B	$17.21B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,770.9	−0.022%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0069%	8h	2,773.7	+0.078%	$3.30B	$9.64B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,773.8	+0.081%	$2.10B	$3.12B	150x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,772.6	+0.039%	$184K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,768.2	−0.118%	$140.3M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,773.8	+0.081%	$115.3M	$513.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,775	+0.124%	$25.4M	$122.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.7	+0.043%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,771.5	0.000%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.8	+0.010%	$480K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.6	+0.005%	$14.7M	$117.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,775.5	+0.144%	$3.20B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,772.1	+0.021%	$31.2M	$287.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,773.3	+0.066%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,771.5	−0.001%	$2.9M	$16.6M	25x
Arcus ETH-USD	+0.0100%	1h	2,773.7	+0.080%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.202%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,773.6	+0.073%	$423.9M	$740.9M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,773.2	+0.059%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,774	+0.091%	$15.4M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.7	−0.175%	$177.8M	$792.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.6	−0.104%	$161.0M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,769.6	−0.069%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,772.1	+0.023%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,773.4	+0.068%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,773.3	+0.064%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,775.3	+0.136%	$42.7M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771	−0.019%	$972K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,773.1	+0.057%	$55.2M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,772.5	+0.036%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,773	+0.054%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,775.1	+0.130%	$60.2M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0116%	8h	2,773	+0.054%	$8.6M	$672.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,775.7	+0.151%	$32.6M	$12.0M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0147%	1h	2,774.8	+0.118%	$258.4M	$224.7M	50x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,773.2	+0.060%	$285.3M	$195.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,772	+0.019%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,774.3	+0.102%	$86.9M	$330.6M	100x	as long as short
Hibachi ETH/USDT-Plong	+0.0424%	1h	2,771.5	long leg	$285K	$1.5M	20x