Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h 0.000%
Price spread now: Hibachi against Pacifica−0.022%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.022%, 7d avg 0.000%
=Together, before fees+0.171%+ Points / potential airdropPacifica: Active · Hibachi: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hibachi is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of 0.000%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.125% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica EURUSD | 1.1467 | 0.0100 | pay 0.0013% / 1h | 51m 01s | $191K | $60K | 50x |
| Short | Hibachi EUR/USDT-P | 1.1465 | 0.0240 | get 0.0030% / 1h | 51m 01s | $165K | $8.3M | 30x |
Pacifica EURUSD
Hibachi EUR/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Pacifica. 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
- $29.4
- Price spread: −0.022% → 0.000%
- −$2.13
- Slippage, 4 orders
- −$19.38
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$9.11
- Costs to cover
- 0.364%
- Break-even
- 9.2 days
Slippage from Pacifica: live order book, 52 min ago; Hibachi: live order book, 3 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 Pacifica live order book, 52 min ago | 2.18 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 3 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 | −0.0292% | 4h | 1.1466 | −0.009% | $6.8M | $133K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0020% | 1h | 1.1463 | −0.039% | $3K | — | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1481 | +0.124% | $580K | $311K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | +0.078% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | +0.044% | $263K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1460 | −0.061% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1471 | +0.035% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1471 | +0.035% | $13K | $272K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1462 | −0.041% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.005% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1494 | +0.234% | — | $241K | 100x | as long as short |
| Nado EURUSD-PERP | +0.0046% | 1h | 1.1465 | −0.019% | $467K | $159K | 40x | as long as short |
| Pacifica EURUSDlong | +0.0100% | 1h | 1.1467 | long leg | $191K | $60K | 50x | |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1476 | +0.076% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0216% | 1h | 1.1473 | +0.052% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-Pshort | +0.0240% | 1h | 1.1465 | −0.022% | $165K | $8.3M | 30x | |
| tradeXYZ xyz:EUR | +0.0262% | 1h | 1.1471 | +0.035% | $23.2M | $1.6M | 50x | as long as short |
| Lighter EURUSD | +0.0392% | 1h | 1.1479 | +0.103% | $2.2M | $384K | 50x | as long as short |
Vest EUR-USD-PERP
Nado EURUSD-PERP
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
tradeXYZ xyz:EUR
Lighter EURUSD