ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0240%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.042%

Price spread now: 01 Exchange against Hibachi+0.073%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Hibachi Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.073%, 7d avg −0.034%

Together, before fees−0.104%+ Points / potential airdropHibachi: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.107% dearer against Hibachi than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.034%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 36 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.010% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,738.8	0.0280	pay 0.0035% / 1h	55m 15s	$248K	$1.4M	20x
Short	01 Exchange ETHUSD	2,740.8	0.0040	get 0.0005% / 1h	55m 15s	$187K	$818K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.073%Rate

Funding earned: −$50.4
Price spread: +0.073% → −0.034%: $10.66
Slippage, 4 orders: −$11.34
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$67.08
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Hibachi: live order book, 4 min ago; 01 Exchange: live order book, 64 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, 4 min ago	0.02 bp	7.7 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 64 min ago	0.18 bp	8.6 bp −$9	11.1 bp −$111	doesn't fit	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	2,739.4	+0.021%	$298K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,740.2	+0.051%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,741.2	+0.089%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,739.5	+0.023%	$10.7M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,740.1	+0.047%	$6.7M	$680.3M	4.9x	as long as short
Phoenix ETH	0.0000%	1h	2,739.6	+0.029%	$826K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,741.6	+0.101%	$28.1M	—	200x	as long as short
HTX ETH-USDT	+0.0021%	8h	2,741.5	+0.097%	$1.06B	$1.20B	200x	as long as short
Bullet ETH-USD	+0.0031%	1h	2,740.6	+0.065%	$180K	$1.7M	20x	as long as short
01 Exchange ETHUSDshort	+0.0040%	1h	2,740.8	+0.073%	$187K	$818K	50x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0042%	8h	2,742.1	+0.119%	—	$1.15B	—	as long as short
Bybit ETHUSDT	+0.0051%	8h	2,741.9	+0.113%	$2.38B	$4.37B	150x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,742	+0.117%	$380.8M	$574.1M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,742.4	+0.130%	$1.67B	$10.77B	100x	as long as short
Phemex ETHUSDT	+0.0077%	8h	2,741.8	+0.110%	$266.2M	$65.1M	150x	as long as short
Aster ETHUSDT	+0.0090%	8h	2,741.2	+0.087%	$251.4M	$842.3M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,741.9	+0.114%	$113.2M	$430.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,743.1	+0.155%	$23.5M	$103.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,740.1	+0.047%	—	$31.0M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,737.8	−0.039%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,734.2	−0.168%	$117K	$22.5M	52x	as long as short
MEXC ETH_USDT	+0.0098%	8h	2,742.2	+0.123%	$1.56B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0099%	8h	2,742.2	+0.122%	$6.37B	$15.90B	150x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,743.5	+0.173%	$15.6M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.8	+0.036%	$500K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,740.1	+0.047%	$13.6M	$104.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,744.2	+0.197%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,741	+0.080%	$31.9M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,739.3	+0.018%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,740.5	+0.063%	$1.6M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,733.7	−0.188%	$169.4M	$313.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,741.3	+0.090%	$3.34B	$8.82B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,742.4	+0.129%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,741.5	+0.097%	$15.2M	$40.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.5	−0.012%	$134.0M	$323.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,737.9	−0.035%	$184.2M	$669.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.7	−0.003%	$159.3M	$86.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,738.6	−0.007%	$8.7M	$31.3M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,738	−0.030%	$21.1M	$68.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,741.9	+0.113%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,741.5	+0.098%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,743	+0.154%	$41.4M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,738.7	−0.005%	$961K	$11.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,741.5	+0.098%	$54.6M	$187.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,740.6	+0.066%	—	$843K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,740.2	+0.051%	$30.6M	$72.9M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,740.6	+0.065%	$5.7M	$11.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0114%	1h	2,738.1	−0.027%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,743	+0.151%	$51.2M	$4.28B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0152%	1h	2,742.7	+0.142%	$83.7M	$315.4M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0166%	1h	2,743	+0.152%	$260.4M	$197.7M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0199%	8h	2,743.6	+0.176%	$32.3M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0215%	1h	2,739.8	+0.037%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-Plong	+0.0280%	1h	2,738.8	long leg	$248K	$1.4M	20x
BloFin ETH-USDT	+0.0395%	8h	2,741.5	+0.097%	$283.7M	$176.1M	150x	as long as short