Funding you earn now, next payment 03:00 UTC+0.0033%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.007%
Price spread now: tradeXYZ against Hibachi+0.047%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 7 days+0.003%$0 · spread now +0.047%, 7d avg +0.027%
=Together, before fees−0.234%+ Points / potential airdropHibachi: Active · tradeXYZ: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.020% dearer against Hibachi than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.237%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi EUR/USDT-P | 1.1470 | 0.0176 | pay 0.0022% / 1h | 21m 48s | $163K | $8.2M | 30x |
| Short | tradeXYZ xyz:EUR | 1.1475 | 0.0209 | get 0.0026% / 1h | 21m 48s | $23.3M | $1.8M | 50x |
Hibachi EUR/USDT-P
tradeXYZ xyz:EURFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $7.02
- Price spread: +0.047% → +0.027%
- $2.01
- Slippage, 4 orders
- −$5.17
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$23.14
- Costs to cover
- 0.322%
- Break-even
- 30.1 days
Slippage from Hibachi: live order book, 2 min ago; tradeXYZ: live order book, 6 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, 2 min ago | 0.04 bp | 4.5 bp −$5 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.87 bp | 11.4 bp −$11 | 14.4 bp −$144 | 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 | −0.0162% | 4h | 1.1472 | +0.021% | $6.8M | $137K | 100x | as long as short |
| Nado EURUSD-PERP | −0.0002% | 1h | 1.1472 | +0.025% | $467K | $154K | 40x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1473 | +0.026% | $584K | $281K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1473 | +0.030% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1473 | +0.030% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1469 | −0.005% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1476 | +0.056% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1475 | +0.047% | $13K | $259K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1470 | 0.000% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.028% | $9K | $78K | 101x | as long as short |
MEXC EUR_USDT
Nado EURUSD-PERP
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX 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 | 1.1501 | +0.276% | — | $264K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1472 | +0.021% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1477 | +0.067% | $12K | — | 10x | as long as short |
| Kraken Futures PF_EURUSD | +0.0119% | 1h | 1.1467 | −0.020% | $3K | — | 50x | as long as short |
| Hibachi EUR/USDT-Plong | +0.0176% | 1h | 1.1470 | long leg | $163K | $8.2M | 30x | |
| Lighter EURUSD | +0.0184% | 1h | 1.1482 | +0.104% | $2.1M | $444K | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0184% | 1h | 1.1477 | +0.065% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EURshort | +0.0209% | 1h | 1.1475 | +0.047% | $23.3M | $1.8M | 50x |
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Kraken Futures PF_EURUSD
Lighter EURUSD
Hotstuff EURUSD-PERP