Funding you earn now, next payment 06:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h +0.025%
Price spread now: Hibachi against Aftermath Perps+0.029%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 3 days (all we have)+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.029%, 7d avg +0.016%
=Together, before fees+0.068%+ Points / potential airdropHibachi: Active · farm board+$7 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps BTCUSD | 85,499.5 | 0.0225 | pay 0.0028% / 1h | 6m 39s | $79K | $228K | 20x |
| Short | Hibachi BTC/USDT-P | 85,524.4 | 0.0232 | get 0.0029% / 1h | 6m 39s | $694K | $8.0M | 30x |
Aftermath Perps BTCUSD
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Aftermath Perps. 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
- $1.43
- Price spread: +0.029% → +0.016%
- $1.27
- Slippage, 4 orders
- −$11.49
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$26.79
- Costs to cover
- 0.295%
- Break-even
- 138.5 days
Slippage from Aftermath Perps: live order book, 43 min ago; Hibachi: live order book, 2 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 Aftermath Perps live order book, 43 min ago | 0.58 bp | 9.5 bp −$9 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 2 min ago | 0.01 bp | 4.6 bp −$5 | 4.9 bp −$49 | 44.1 bp −$4,407 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,529.7 | +0.035% | $525K | $18.3M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,557 | +0.067% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,520 | +0.024% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0051% | 8h | 85,544 | +0.052% | $929.8M | $772.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,524.7 | +0.030% | $417.9M | $683.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0008% | 8h | 85,548.7 | +0.058% | $514.5M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,545.7 | +0.054% | $355K | $2.4M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,538.3 | +0.045% | $16.8M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,548.5 | +0.057% | $36.6M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,349 | −0.176% | $339K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0044% | 1h | 85,517.8 | +0.021% | $24.7M | $222.5M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,557 | +0.067% | $188.6M | $953.9M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0062% | 1h | 85,577.2 | +0.091% | $867.2M | $1.62B | 50x | as long as short |
| BingX BTC-USDC | +0.0069% | 8h | 85,536 | +0.043% | — | $17.5M | — | as long as short |
| Phemex BTCUSDT | +0.0078% | 8h | 85,542 | +0.050% | $149.0M | $506.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0087% | 8h | 85,552.9 | +0.062% | $2.96B | $5.18B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,563.2 | +0.075% | $171.6M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,566.2 | +0.078% | $23.7M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,533 | +0.039% | $8.4M | $55.9M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,558 | +0.068% | $5.02B | $5.76B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,534.4 | +0.041% | $2.4M | $6.7M | 20x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,578 | +0.092% | $117.0M | $5.45B | 50x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,555 | +0.065% | $9.46B | $24.90B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,502 | +0.003% | $236K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,609.6 | +0.129% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,630 | +0.153% | $3.76B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,583.5 | +0.098% | $40.1M | $598.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,556.8 | +0.067% | $5.16B | $9.98B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,563.6 | +0.075% | $2.59B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,536 | +0.043% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,557.2 | +0.068% | $4.6M | $98.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,501.7 | +0.003% | $682.6M | $531.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,536.7 | +0.044% | $5.52B | $11.09B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,528.1 | +0.033% | $36.5M | $178.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,517.5 | +0.021% | $155.0M | $560.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,513.1 | +0.016% | $280.1M | $951.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,550.7 | +0.060% | $214.8M | $167.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,544.6 | +0.053% | $139.8M | $314.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,499.8 | 0.000% | $30.2M | $207.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,589.8 | +0.106% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,527 | +0.032% | $11.0M | $14.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,541.4 | +0.049% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,550.5 | +0.060% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 84,694.1 | −0.942% | $196K | $790K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,525.1 | +0.030% | $30.0M | $48.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,505.8 | +0.007% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,540 | +0.047% | $59.9M | $336.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,525 | +0.030% | $2.26B | $942.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,492.4 | −0.008% | $44.5M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,527.1 | +0.032% | — | $106.9M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0119% | 1h | 85,531.4 | +0.037% | $6.6M | $147.5M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,543.8 | +0.052% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 85,555 | +0.065% | $11.6M | $743.1M | 6.4x | as long as short |
| Aftermath Perps BTCUSDlong | +0.0225% | 1h | 85,499.5 | long leg | $79K | $228K | 20x | |
| Hibachi BTC/USDT-Pshort | +0.0232% | 1h | 85,524.4 | +0.029% | $694K | $8.0M | 30x | |
| RISEx BTC/USDC | +0.0257% | 1h | 85,544.3 | +0.052% | $8.7M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Coinbase International BTC-PERP-INTX
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC