ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.026%

Price spread now: Polymarket Perps against Hibachi+0.099%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Hibachi Short on Polymarket 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−0.121%−$12 · spread now +0.099%, 7d avg −0.017%

Together, before fees+0.202%+ Points / potential airdropHibachi: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.115% dearer against Hibachi than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of −0.017%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.0 days. 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	2,785.1	0.0288	pay 0.0036% / 1h	53m 09s	$271K	$1.5M	20x
Short	Polymarket Perps ETH-USD	2,787.8	0.0100	get 0.0013% / 1h	53m 09s	$10.8M	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$39.48
Price spread: +0.099% → −0.017%: $11.53
Slippage, 4 orders: −$4.15
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$49.1
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Hibachi: live order book, 1 min ago; Polymarket Perps: live order book, 6 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 Hibachi live order book, 1 min ago	0.75 bp	6.6 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	0.18 bp	4.5 bp −$4	5.4 bp −$54	13.4 bp −$1,343	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	−0.0447%	43m	2,787	+0.070%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,786.9	+0.065%	$5.7M	$11.9M	25x	as long as short
ApeX Omni ETHUSDT	−0.0131%	1h	2,779.8	−0.188%	$8.8M	$32.7M	100x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,782.5	−0.092%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,784.2	−0.031%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,787.3	+0.081%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0001%	1h	2,781.3	−0.136%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,784.8	−0.009%	$12.8M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,785	−0.002%	$884K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,786.3	+0.043%	$22.5M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0014%	8h	2,785.5	+0.015%	—	$17.4M	—	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,786.1	+0.036%	$1.71B	$11.93B	100x	as long as short
Phemex ETHUSDT	+0.0025%	8h	2,785.9	+0.030%	$271.4M	$68.8M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,786.4	+0.050%	$13.0M	—	200x	as long as short
Aster ETHUSDT	+0.0038%	8h	2,785.8	+0.027%	$255.4M	$1.00B	200x	as long as short
Bullet ETH-USD	+0.0054%	1h	2,785.9	+0.030%	$182K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0064%	8h	2,786.2	+0.039%	$1.60B	$2.63B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,786	+0.033%	$5.1M	$636K	20x	as long as short
Nado ETH-PERP	+0.0064%	1h	2,786.3	+0.044%	$14.4M	$118.2M	50x	as long as short
Binance ETHUSDT	+0.0065%	8h	2,785.9	+0.029%	$6.46B	$17.26B	150x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,786	+0.034%	$2.11B	$3.11B	150x	as long as short
Gate ETH_USDT	+0.0071%	8h	2,785.8	+0.028%	$3.31B	$9.58B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,787.3	+0.080%	$60.3M	$4.62B	50x	as long as short
HTX ETH-USDT	+0.0090%	8h	2,785.8	+0.028%	$1.08B	$1.32B	200x	as long as short
KuCoin ETHUSDTM	+0.0090%	8h	2,785.2	+0.006%	$424.5M	$739.3M	100x	as long as short
Bybit ETHUSDT	+0.0090%	8h	2,785.7	+0.021%	$2.52B	$4.63B	150x	as long as short
Vest ETH-PERP	+0.0095%	1h	2,786.3	+0.046%	—	$1.1M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,786.2	+0.042%	$116.4M	$495.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,787.5	+0.087%	$25.4M	$120.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,783.7	−0.048%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,786.7	+0.059%	$479K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,788.4	+0.120%	$3.20B	$2.34B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,785.8	+0.027%	$31.3M	$306.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,786.2	+0.041%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,788.3	+0.116%	$2.7M	$17.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,777.9	−0.255%	$168.1M	$250.4M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,785.8	+0.026%	$15.1M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,781.4	−0.130%	$147.6M	$336.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,782.4	−0.097%	$182.1M	$780.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,784.1	−0.035%	$161.9M	$90.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,784	−0.038%	$21.5M	$58.3M	40x	as long as short
Polymarket Perps ETH-USDshort	+0.0100%	1h	2,787.8	+0.099%	$10.8M	$7.6M	50x
Bluefin ETH-PERP	+0.0100%	1h	2,786.2	+0.042%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,787.4	+0.083%	$42.9M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,786.2	+0.042%	$977K	$13.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,785.8	+0.027%	$55.5M	$229.0M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0102%	1h	2,786.9	+0.065%	$258.9M	$222.7M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,784.6	−0.018%	$32.8M	$77.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,786.8	+0.064%	—	$41.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0122%	1h	2,787	+0.069%	$86.9M	$332.7M	100x	as long as short
Kalshi KXETHPERP	+0.0125%	8h	2,786.3	+0.045%	$8.4M	$681.9M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,788	+0.107%	$32.7M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0185%	8h	2,785.9	+0.029%	$285.4M	$195.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0197%	1h	2,786.4	+0.050%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-Plong	+0.0288%	1h	2,785.1	long leg	$271K	$1.5M	20x