data as of
Settings8H · net · $10k
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Funding arb /

BTC

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 14:00 UTC−0.0140%/8h
paid, last 24h−0.056%paid, last 7 days−0.357%to open and close $10k−$15
Long on HibachiShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BTC/USDT-P84,956.50.0240pay 0.0030% / 1h28m 50s$640K$7.5M30x
ShortMEXC BTC_USDT84,961.90.0100get 0.0100% / 8h2h 28m$5.03B$4.34B500x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$29.4
Slippage, 4 orders
−$2.39
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$44.79
Break-even
never at this rate
Slippage from Hibachi: live order book, 2 min ago; MEXC: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.006%
Avg gap 7d
−0.040%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 2 min ago0.01 bp5.9 bp −$66.8 bp −$6843.3 bp −$4,328doesn't fit
Sell MEXC live order book, 2 min ago0.01 bp2.0 bp −$22.3 bp −$232.4 bp −$2432.9 bp −$1,463

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$423K$31.8M6.7xas long as short
ApeX Omni BTCUSDT−0.0174%1h$136.7M$314.0M100xas long as short
edgeX BTCUSDC−0.0113%4h$283.0M$736.9M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$2K50xas long as short
Gate BTC_USDT−0.0051%8h$6.01B$7.87B200xas long as short
Reya BTCRUSDPERP−0.0046%1h$6.8M$129.7M40xas long as short
01 Exchange BTCUSD−0.0040%1h$313K$2.1M50xas long as short
Injective BTC/USDC PERP−0.0036%1h$322K$27.0M52xas long as short
Bitget BTCUSDT−0.0016%8h$2.92B$3.98B150xas long as short
BingX BTC-USDC−0.0015%8h—$15.1M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX BTC-USDT−0.0005%8h$2.28B$733.8M200xas long as short
Aftermath Perps BTCUSD−0.0002%1h$83K$136K20xas long as short
SoDEX BTC-USD0.0000%1h$60.8M$233.4M40xas long as short
dYdX BTC-USD0.0000%1h$16.0M$13.4M50xas long as short
Kalshi KXBTCPERP0.0000%8h$8.6M$451.9M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.3M—200xas long as short
Phemex BTCUSDT+0.0036%8h$161.9M$354.5M150xas long as short
Aster BTCUSDT+0.0046%8h$489.9M$873.9M200xas long as short
Backpack BTC_USDC_PERP+0.0048%1h$39.7M$102.9M75xas long as short
Popdex BTCUSDT+0.0064%1h$8.4M$36.6M100xas long as short
OKX BTC-USDT-SWAP+0.0071%8h$2.55B$9.94B100xas long as short
Nado BTC-PERP+0.0074%1h$22.7M$205.5M50xas long as short
KuCoin XBTUSDTM+0.0076%8h$802.3M$548.0M125xas long as short
Bullet BTC-USD+0.0082%1h$226K$3.3M20xas long as short
StandX BTC-USD+0.0088%1h$30.3M$249.3M40xas long as short
RISEx BTC/USDC+0.0090%1h$8.4M$35.7M25xas long as short
Lighter BTC+0.0096%1h$188.2M$777.6M50xas long as short
Lighter RH BTC+0.0096%1h$25.0M$122.7M50xas long as short
Aevo BTC-PERP+0.0096%1h$2.4M$1.7M20xas long as short
Paradex BTC-USD-PERP+0.0097%8h$4.3M$6.5M50xas long as short
Katana Perps BTC-USD+0.0100%8h$224K$4.5M50xas long as short
Pacifica BTC+0.0100%1h$36.6M$293.1M50xas long as short
Binance BTCUSDT+0.0100%8h$9.49B$18.00B150xas long as short
Bybit BTCUSDT+0.0100%8h$5.05B$7.19B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$14.8M25xas long as short
Arcus BTC-USD+0.0100%1h$6.8M$73.0M40xas long as short
MEXC BTC_USDTshort+0.0100%8h$5.03B$4.34B500x
Variational Omni BTC+0.0100%8h$170.7M$448.6M—as long as short
Vest BTC-PERP+0.0100%1h—$12.4M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.7M$9.8M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.3M$6.4M100xas long as short
Bluefin BTC-PERP+0.0100%1h$142K$356K40xas long as short
Derive BTC-PERP+0.0100%1h$26.0M$49.7M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.0M100xas long as short
Bulk BTC-USD+0.0100%1h$531.7M$81.4M40xas long as short
Extended BTC-USD+0.0104%1h$46.9M$174.1M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$79.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h$139.7M$5.87B50xas long as short
Kraken Futures PF_XBTUSD+0.0124%1h$185.6M$701.2M100xas long as short
Phoenix BTC+0.0126%1h$1.5M$10.3M40xas long as short
Hyperliquid BTC+0.0140%1h$3.82B$3.81B40xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0191% / S −0.0196%1h$12.8M—200xas long as short
BloFin BTC-USDT+0.0240%8h$418.9M$404.6M150xas long as short
Hibachi BTC/USDT-Plong+0.0240%1h$640K$7.5M30x
Deribit BTC-PERPETUAL+0.0360%1h$829.4M$854.3M50xas long as short