Funding you earn now, next payment 09:00 UTC+0.1523%/8h= +166.8% APRpaid last 24h −0.031%
Price spread now: Bybit against Hibachi+0.271%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days−0.594%−$59 on $10k
+Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.271%, 7d avg +0.086%
=Together, before fees−0.827%+ Points / potential airdropHibachi: Active · farm board−$83 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Bybit is 0.185% dearer against Hibachi than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.086%. Mind the row above: over the last 7 days funding on this pair cost −0.594%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.594% in total (about -31.0% a year). A funding rate is set anew for every payment. 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 EUR/USDT-P | 1.1443 | 0.0400 | pay 0.0050% / 1h | 37m 47s | $162K | $8.4M | 30x |
| Short | Bybit EURUSDUSDT | 1.1474 | 0.1923 | get 0.1923% / 8h | 7h 37m | $579K | $309K | 100x |
Hibachi EUR/USDT-P
Bybit EURUSDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $319.81
- Price spread: +0.271% → +0.086%
- $18.54
- Slippage, 4 orders
- −$17.12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $301.23
- Costs to cover
- 0.371%
- Break-even
- 0.4 days
Slippage from Hibachi: live order book, 1 min ago; Bybit: live order book, 52 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 | 0.04 bp | 4.6 bp −$5 | 23.1 bp −$231 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 52 min ago | 6.14 bp | 14.7 bp −$15 | 38.6 bp −$386 | doesn't fit | doesn't fit |
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0370% | 4h | 1.1443 | −0.003% | $6.8M | $139K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0131% | 1h | 1.1437 | −0.059% | $3K | — | 50x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1446 | +0.026% | $2.1M | $537K | 50x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1440 | −0.030% | $246K | $122K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1446 | +0.023% | — | $2.3M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1451 | +0.066% | $12K | $273K | 20x | as long as short |
| Bitget EURUSDUSDT | +0.0014% | 8h | 1.1470 | +0.232% | $263K | $25K | 100x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1439 | −0.040% | $6.8M | $1.4M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.201% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1471 | +0.238% | — | $224K | 100x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Lighter EURUSD
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Bitget EURUSDUSDT
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica EURUSD | +0.0100% | 1h | 1.1438 | −0.046% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1443 | −0.003% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERP | +0.0123% | 1h | 1.1440 | −0.026% | $465K | $159K | 40x | as long as short |
| Gate EURUSD_USDT | +0.0200% | 8h | 1.1461 | +0.154% | $143K | $3K | 100x | as long as short |
| tradeXYZ xyz:EUR | +0.0306% | 1h | 1.1443 | −0.003% | $23.2M | $1.8M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0344% | 1h | 1.1453 | +0.084% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-Plong | +0.0400% | 1h | 1.1443 | long leg | $162K | $8.4M | 30x | |
| Bybit EURUSDUSDTshort | +0.1923% | 8h | 1.1474 | +0.271% | $579K | $309K | 100x |
Pacifica EURUSD
Aevo EURUSD-PERP
Nado EURUSD-PERP
Gate EURUSD_USDT
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP