Funding you earn now, next payment 08:00 UTC+0.0195%/8h= +21.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.032%
Price spread now: Hibachi against Nado−0.010%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.143% of the position
Funding, last 4 days (all we have)+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.010%, 7d avg −0.005%
=Together, before fees+0.086%+ Points / potential airdropNado: Active · Hibachi: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.065% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 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 | Nado EURUSD-PERP | 1.1466 | 0.0045 | pay 0.0006% / 1h | 49m 02s | $467K | $159K | 40x |
| Short | Hibachi EUR/USDT-P | 1.1465 | 0.0240 | get 0.0030% / 1h | 49m 02s | $164K | $8.3M | 30x |
Nado EURUSD-PERP
Hibachi EUR/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Nado. 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
- $40.89
- Price spread: −0.010% → −0.005%
- −$0.5
- Slippage, 4 orders
- −$3.88
- Fee Nado: 0.7 bp × 2 orders
- −$1.4
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $26.12
- Costs to cover
- 0.143%
- Break-even
- 2.5 days
Slippage from Nado: live order book, 54 min ago; Hibachi: live order book, 5 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 Nado live order book, 54 min ago | 0.92 bp | 3.4 bp −$3 | 4.3 bp −$43 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 5 min ago | 0.04 bp | 4.6 bp −$5 | 18.4 bp −$184 | 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 | −0.0276% | 4h | 1.1466 | 0.000% | $6.8M | $133K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0020% | 1h | 1.1464 | −0.017% | $3K | — | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1482 | +0.144% | $580K | $311K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | +0.087% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1473 | +0.061% | $263K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1461 | −0.044% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1472 | +0.052% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1469 | +0.026% | $13K | $272K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1463 | −0.023% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.004% | $9K | $78K | 101x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado EURUSD-PERPlong | +0.0045% | 1h | 1.1466 | long leg | $467K | $159K | 40x | |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1495 | +0.251% | — | $241K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1467 | +0.009% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1476 | +0.090% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0216% | 1h | 1.1473 | +0.061% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-Pshort | +0.0240% | 1h | 1.1465 | −0.010% | $164K | $8.3M | 30x | |
| tradeXYZ xyz:EUR | +0.0257% | 1h | 1.1472 | +0.052% | $23.2M | $1.6M | 50x | as long as short |
| Lighter EURUSD | +0.0400% | 1h | 1.1480 | +0.119% | $2.2M | $384K | 50x | as long as short |
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
tradeXYZ xyz:EUR
Lighter EURUSD