Funding you earn now, next payment 08:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.029%
Price spread now: SunX against Hibachi−0.050%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Funding, last 7 days−0.335%−$33 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.050%, 7d avg −0.050%
=Together, before fees−0.358%+ Points / potential airdropHibachi: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BTC/USDT-P | 85,301.7 | 0.0264 | pay 0.0033% / 1h | 9m 50s | $696K | $7.7M | 30x |
| Short | SunX BTC-USDT | 85,259.3 | 0.0100 | get 0.0100% / 8h | 9m 50s | $2.9M | $6.1M | 100x |
Hibachi BTC/USDT-P
SunX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$34.44
- Price spread: −0.050% → −0.050%
- $0.05
- Slippage, 4 orders
- −$3.54
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$54.93
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 4 min ago; SunX: live order book, 9 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, 4 min ago | 0.01 bp | 4.6 bp −$5 | 5.0 bp −$50 | 35.8 bp −$3,578 | doesn't fit |
| Sell SunX live order book, 9 min ago | 1.32 bp | 5.3 bp −$5 | 5.8 bp −$58 | 7.6 bp −$755 | 16.5 bp −$8,228 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,279 | −0.027% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,304 | +0.003% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,240.2 | −0.072% | $421.3M | $686.0M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0010% | 8h | 85,244.7 | −0.067% | $927.6M | $777.1M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,276.8 | −0.029% | $343K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,292.4 | −0.011% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0009% | 8h | 85,244.1 | −0.068% | $509.2M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0018% | 1h | 85,277.8 | −0.028% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,296.3 | −0.006% | $185.6M | $953.8M | 100x | as long as short |
| BingX BTC-USDT | +0.0065% | 8h | 85,242.4 | −0.070% | — | $1.58B | — | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,200 | −0.119% | $310K | $25.7M | 52x | as long as short |
| Bybit BTCUSDT | +0.0083% | 8h | 85,242.3 | −0.070% | $5.09B | $10.04B | 150x | as long as short |
| Nado BTC-PERP | +0.0091% | 1h | 85,243.7 | −0.068% | $24.1M | $221.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0096% | 1h | 85,281.8 | −0.023% | $139.7M | $312.0M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,286.1 | −0.018% | $168.9M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,286.6 | −0.018% | $23.6M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,270 | −0.037% | $8.4M | $57.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,279.8 | −0.026% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0099% | 8h | 85,250 | −0.061% | $2.97B | $5.21B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,246 | −0.065% | $269K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,289.2 | −0.015% | $5.7M | $9.6M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,286.8 | −0.018% | $40.4M | $604.7M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,240.1 | −0.072% | $9.39B | $25.17B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,242.9 | −0.069% | $2.60B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,279 | −0.027% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,279.8 | −0.026% | $4.7M | $97.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,242.7 | −0.069% | $5.49B | $11.16B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,242.9 | −0.069% | $5.03B | $5.77B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,266.5 | −0.041% | $37.0M | $190.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,228.2 | −0.086% | $155.9M | $548.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,184.8 | −0.137% | $282.5M | $959.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,282.2 | −0.023% | $214.0M | $159.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,236.4 | −0.077% | $30.0M | $214.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,353.6 | +0.061% | — | $10.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,289 | −0.015% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,295.1 | −0.008% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,290.9 | −0.013% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,325 | +0.027% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,311.3 | +0.011% | $28.8M | $45.1M | 15x | as long as short |
| SunX BTC-USDTshort | +0.0100% | 8h | 85,259.3 | −0.050% | $2.9M | $6.1M | 100x | |
| SoDEX BTC-USD | +0.0100% | 1h | 85,280 | −0.025% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,275 | −0.031% | $2.25B | $974.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,280.1 | −0.025% | $158.9M | $516.1M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,240 | −0.072% | $693.3M | $214.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,228.2 | −0.086% | $45.4M | $240.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,250.6 | −0.060% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,323.9 | +0.026% | $111.6M | $5.47B | 50x | as long as short |
| Hyperliquid BTC | +0.0106% | 1h | 85,332 | +0.036% | $3.78B | $5.11B | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0112% | 1h | 85,318.2 | +0.019% | $835.8M | $1.66B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0143% | 1h | 85,285.6 | −0.019% | $6.6M | $142.1M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0172% | 8h | 85,300 | −0.002% | $12.0M | $737.8M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,290.6 | −0.013% | $8.8M | $43.0M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0146% | 1h | 85,288.3 | −0.016% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-Plong | +0.0264% | 1h | 85,301.7 | long leg | $696K | $7.7M | 30x | |
| Aftermath Perps BTCUSD | +0.0298% | 1h | 85,269.2 | −0.038% | $79K | $246K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,306.4 | +0.006% | $464K | $18.4M | 6.7x | as long as short |
Injective BTC/USDC PERP
Bybit BTCUSDT
Nado BTC-PERP
ApeX Omni BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Perpl BTC