Funding you earn now, next payment 09:00 UTC−0.0432%/8h= −47.3% APRpaid last 24h −0.031%
Price spread now: Orderly against Hibachi−0.081%7-day average +0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.081%, 7d avg +0.007%
=Together, before fees+0.021%+ Points / potential airdropHibachi: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Orderly is 0.088% cheaper against Hibachi than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% 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 | 1.1464 | 0.0432 | pay 0.0054% / 1h | 57m 37s | $155K | $8.4M | 30x |
| Short | Orderly PERP_EURUSD_USDC | 1.1455 | 0 | get 0.0000% / 8h | 6h 57m | $246K | $122K | 50x |
Hibachi EUR/USDT-P
Orderly PERP_EURUSD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$90.72
- Price spread: −0.081% → +0.007%
- −$8.83
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$114.55
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hibachi: live order book, 2 min ago; Orderly: 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, 2 min ago | 0.04 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.
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 | −0.0140% | 4h | 1.1456 | −0.072% | $6.8M | $140K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0140% | 1h | 1.1452 | −0.106% | $3K | — | 50x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1463 | −0.014% | $2.1M | $512K | 50x | as long as short |
| Orderly PERP_EURUSD_USDCshort | 0.0000% | 8h | 1.1455 | −0.081% | $246K | $122K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1460 | −0.037% | — | $2.1M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1461 | −0.029% | $12K | $274K | 20x | as long as short |
| Nado EURUSD-PERP | +0.0003% | 1h | 1.1460 | −0.041% | $191K | $301K | 40x | as long as short |
| Gate EURUSD_USDT | +0.0017% | 8h | 1.1463 | −0.011% | $144K | $3K | 100x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1455 | −0.083% | $6.8M | $1.4M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.019% | $9K | $78K | 101x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Lighter EURUSD
SunX EURUSD-USDT
HTX EURUSD-USDT
Nado EURUSD-PERP
Gate EURUSD_USDT
Extended EUR-USD
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1487 | +0.202% | — | $225K | 100x | as long as short |
| Bitget EURUSDUSDT | +0.0070% | 8h | 1.1470 | +0.050% | $263K | $27K | 100x | as long as short |
| tradeXYZ xyz:EUR | +0.0076% | 1h | 1.1461 | −0.029% | $23.1M | $1.9M | 50x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1455 | −0.079% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1461 | −0.029% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0168% | 1h | 1.1464 | −0.002% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-Plong | +0.0432% | 1h | 1.1464 | long leg | $155K | $8.4M | 30x | |
| Bybit EURUSDUSDT | +0.0589% | 8h | 1.1471 | +0.057% | $606K | $325K | 100x | as long as short |
Vest EUR-USD-PERP
Bitget EURUSDUSDT
tradeXYZ xyz:EUR
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
Bybit EURUSDUSDT