ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.025%

Price spread now: Vest against Hibachi+0.050%7-day average −0.013% · you sell dearer than you buy

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

Long on Hibachi Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.050%, 7d avg −0.013%

Together, before fees−0.094%+ Points / potential airdropHibachi: Active · Vest: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.063% dearer against Hibachi than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.013%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,738.5	0.0248	pay 0.0031% / 1h	37m 34s	$251K	$1.4M	20x
Short	Vest ETH-PERP	2,739.8	0.0100	get 0.0013% / 1h	37m 34s	—	$819K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$31.08
Price spread: +0.050% → −0.013%: $6.29
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$35.79
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Hibachi: live order book, 1 min ago; Vest: 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, 1 min ago	1.75 bp	6.3 bp −$6	12.1 bp −$121	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Hotstuff ETH-PERP	−0.0080%	1h	2,737.5	−0.035%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,743.1	+0.169%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,737.5	−0.034%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,737.5	−0.036%	$10.8M	$41.8M	50x	as long as short
Perpl ETH	0.0000%	43m	2,738.6	+0.005%	$304K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,737.4	−0.039%	$22.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,744.7	+0.228%	$846K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,740	+0.056%	$182K	$916K	50x	as long as short
BingX ETH-USDT	+0.0049%	8h	2,738.4	−0.003%	—	$1.15B	—	as long as short
KuCoin ETHUSDTM	+0.0063%	8h	2,737.4	−0.040%	$382.8M	$597.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	+0.0063%	1h	2,738.7	+0.008%	$8.8M	$31.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0063%	8h	2,740	+0.056%	$1.70B	$10.57B	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,739.1	+0.024%	$5.6M	$11.2M	25x	as long as short
Bullet ETH-USD	+0.0078%	1h	2,739.8	+0.050%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,738.5	+0.002%	$251.9M	$841.3M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,734.1	−0.158%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,737	−0.055%	$1.56B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,739.6	+0.041%	$6.37B	$15.70B	150x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,736.2	−0.084%	$1.06B	$1.18B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,737.5	−0.034%	$112.5M	$432.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,738.8	+0.013%	$24.6M	$103.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,739.2	+0.028%	—	$30.8M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,737	−0.055%	$58.5M	$4.26B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,742	+0.128%	$16.0M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738.1	−0.013%	$468K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,740	+0.056%	$13.9M	$105.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,741.9	+0.125%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,738.2	−0.010%	$31.6M	$335.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,739.9	+0.054%	$2.45B	$4.19B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,736.4	−0.075%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,738.8	+0.014%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.5	+0.185%	$165.1M	$304.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,738.6	+0.004%	$3.39B	$8.71B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,740	+0.057%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,735.8	−0.097%	$14.9M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,736.2	−0.082%	$132.4M	$335.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739.2	+0.028%	$182.0M	$689.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.8	+0.013%	$159.2M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,738.1	−0.013%	$21.2M	$68.7M	40x	as long as short
Vest ETH-PERPshort	+0.0100%	1h	2,739.8	+0.050%	—	$819K	50x
Polymarket Perps ETH-USD	+0.0100%	1h	2,740.8	+0.085%	$11.0M	$8.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,764.7	+0.959%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,738.6	+0.004%	$41.4M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,736.4	−0.076%	$960K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,736.4	−0.075%	$54.5M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,736.9	−0.058%	$266.2M	$65.0M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,737.6	−0.030%	$30.6M	$72.4M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0134%	1h	2,738	−0.018%	$258.7M	$196.1M	50x	as long as short
Aftermath Perps ETHUSD	+0.0135%	1h	2,741.5	+0.111%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0156%	8h	2,738.6	+0.005%	$7.7M	$668.7M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,739.1	+0.022%	$32.2M	$11.4M	100x	as long as short
BloFin ETH-USDT	+0.0210%	8h	2,738.4	−0.003%	$284.3M	$177.3M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,737	−0.053%	$86.9M	$310.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0226%	1h	2,739.6	+0.043%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-Plong	+0.0248%	1h	2,738.5	long leg	$251K	$1.4M	20x