ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0255%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.065%

Price spread now: Hibachi against Injective+0.146%53s7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.742% of the position

Long on Injective Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.408%−$41 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.146%, 7d avg −0.038%

Together, before fees−0.423%+ Points / potential airdropHibachi: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hibachi is 0.183% dearer against Injective than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.038%. Mind the row above: over the last 7 days funding on this pair cost −0.408%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ETH/USDC PERP	2,717.1	0.0009	pay 0.0001% / 1h	22m 29s	$117K	$22.5M	52x
Short	Hibachi ETH/USDT-P	2,721.1	0.0264	get 0.0033% / 1h	22m 29s	$249K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Injective. 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 InjectivebpFee HibachibpOrdersPrice spread, now +0.146%Rate

Funding earned: $53.63
Price spread: +0.146% → −0.038%: $18.35
Slippage, 4 orders: −$65.22
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$2.26
Costs to cover: 0.742%
Break-even: 7.3 days

Slippage from Injective: live order book, 2 min ago; Hibachi: live order book, 2 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 Injective live order book, 2 min ago	15.04 bp	15.1 bp −$15	15.1 bp −$151	15.1 bp −$1,505	21059.5 bp −$10.53M
Sell Hibachi live order book, 2 min ago	0.02 bp	7.9 bp −$8	15.0 bp −$150	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	2,723.8	+0.245%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,723.5	+0.236%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0011%	8h	2,720.6	+0.127%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.1	+0.259%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,720	+0.107%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,724.4	+0.267%	$32.6M	—	200x	as long as short
dYdX ETH-USD	+0.0008%	1h	2,722.8	+0.209%	$10.3M	$42.5M	50x	as long as short
Injective ETH/USDC PERPlong	+0.0009%	1h	2,717.1	long leg	$117K	$22.5M	52x
BingX ETH-USDT	+0.0033%	8h	2,724	+0.254%	—	$1.13B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,724.7	+0.280%	$190K	$829K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0043%	8h	2,724.2	+0.262%	$2.35B	$4.40B	150x	as long as short
SunX ETH-USDT	+0.0068%	8h	2,718.9	+0.065%	$953K	$11.1M	100x	as long as short
Bullet ETH-USD	+0.0074%	1h	2,724	+0.254%	$180K	$1.7M	20x	as long as short
ApeX Omni ETHUSDT	+0.0076%	1h	2,715.8	−0.048%	$8.6M	$31.4M	100x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,724.2	+0.261%	$373.7M	$577.4M	100x	as long as short
Aftermath Perps ETHUSD	+0.0079%	1h	2,720.6	+0.127%	$30K	$20K	20x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,724	+0.252%	$252.0M	$845.1M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,718	+0.035%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,724.2	+0.262%	$1.54B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,724.3	+0.264%	$6.31B	$16.07B	150x	as long as short
OKX ETH-USDT-SWAP	+0.0095%	8h	2,724.5	+0.271%	$1.66B	$10.81B	100x	as long as short
Phemex ETHUSDT	+0.0096%	8h	2,721.2	+0.151%	$262.2M	$64.9M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,723.2	+0.225%	$112.1M	$434.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,724.8	+0.284%	$23.5M	$103.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.4	+0.232%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,724.7	+0.281%	$15.1M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,723.5	+0.235%	$13.8M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,726.2	+0.335%	$3.09B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,723.7	+0.242%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,722	+0.180%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,723.9	+0.250%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	+0.199%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,724.3	+0.263%	$3.30B	$9.00B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,724.3	+0.266%	$2.08B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,721.4	+0.157%	$14.9M	$43.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,716.2	−0.035%	$132.3M	$328.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,715.8	−0.048%	$184.0M	$676.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,721	+0.145%	$158.3M	$86.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,720.8	+0.136%	$20.9M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,724.8	+0.282%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,725.4	+0.305%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,724.8	+0.284%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,722	+0.181%	$40.8M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,720.6	+0.129%	$54.2M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,722.8	+0.208%	$30.4M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,724.4	+0.270%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,722.1	+0.183%	$49.5M	$4.29B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,724	+0.254%	$5.5M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0151%	8h	2,721	+0.144%	$6.9M	$693.1M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0158%	1h	2,721.9	+0.176%	$259.3M	$207.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,721.5	+0.161%	$82.8M	$312.1M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,726.6	+0.349%	$32.1M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0199%	1h	2,723.4	+0.232%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-Pshort	+0.0264%	1h	2,721.1	+0.146%	$249K	$1.4M	20x
BloFin ETH-USDT	+0.0359%	8h	2,720.5	+0.123%	$281.1M	$173.9M	150x	as long as short