Funding you earn now, next payment 04:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.085%
Price spread now: Hibachi against Hotstuff+0.103%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Hibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hibachi is 0.103% dearer against Hotstuff than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BTC-PERP | 85,449 | −0.0080 | get 0.0010% / 1h | 38m 54s | $8K | $3K | 50x |
| Short | Hibachi BTC/USDT-P | 85,536.6 | 0.0200 | get 0.0025% / 1h | 38m 54s | $692K | $7.9M | 30x |
Hotstuff BTC-PERP
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Hotstuff. 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
- $58.8
- Price spread: +0.103% → 0.000%
- $10.25
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $55.05
- Costs to cover
- 0.140%
- Break-even
- 0.4 days
Slippage unknown: Hotstuff: no order-book sample; Hibachi: live order book, 5 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 5 min ago | 0.01 bp | 4.9 bp −$5 | 5.3 bp −$53 | 42.3 bp −$4,230 | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0311% | 1h | 85,405.2 | −0.051% | $206K | $739K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,385 | −0.075% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 85,449 | long leg | $8K | $3K | 50x | |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,416.2 | −0.038% | $366K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0030% | 8h | 85,363.3 | −0.100% | $416.0M | $665.1M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0008% | 8h | 85,364.9 | −0.098% | $918.2M | $750.4M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,435.4 | −0.016% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,359 | −0.105% | $514.4M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0019% | 1h | 85,483.8 | +0.041% | $16.7M | $21.2M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,398.2 | −0.059% | $6.9M | $97.2M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0060% | 8h | 85,347.7 | −0.119% | — | $17.1M | — | as long as short |
| Nado BTC-PERP | +0.0061% | 1h | 85,422.1 | −0.032% | $22.9M | $219.1M | 50x | as long as short |
| Bitget BTCUSDT | +0.0076% | 8h | 85,358.5 | −0.106% | $2.95B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0079% | 1h | 85,418.9 | −0.035% | $6.7M | $146.7M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,359.3 | −0.105% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,371.4 | −0.091% | $5.04B | $5.59B | 500x | as long as short |
| Binance BTCUSDT | +0.0090% | 8h | 85,365.5 | −0.098% | $9.34B | $24.06B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,372.8 | −0.089% | $172.7M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,379.4 | −0.081% | $23.7M | $148.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,434 | −0.018% | $8.4M | $52.7M | 100x | as long as short |
| Phemex BTCUSDT | +0.0099% | 8h | 85,363 | −0.101% | $149.3M | $484.4M | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,393 | −0.066% | $225K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,487 | +0.044% | $4.2M | $8.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,447 | −0.002% | $3.74B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,489 | +0.047% | $40.1M | $578.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,359.4 | −0.105% | $5.23B | $9.72B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,368.5 | −0.094% | $2.57B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,421 | −0.033% | $3.9M | $18.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,377.2 | −0.084% | $5.52B | $10.62B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,358.3 | −0.106% | $35.7M | $176.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,453.7 | +0.006% | $153.6M | $563.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,527.2 | +0.092% | $279.4M | $916.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,454 | +0.006% | $214.5M | $169.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,439.1 | −0.012% | $139.7M | $314.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,450 | +0.001% | $30.2M | $207.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,487.6 | +0.045% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,429 | −0.023% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,429 | −0.023% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,380 | −0.081% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,362.6 | −0.101% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,445.9 | −0.004% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,363 | −0.101% | $59.8M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,357.3 | −0.107% | $2.26B | $940.8M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,513.6 | +0.076% | $649.6M | $594.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,338.9 | −0.129% | $44.5M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,434.4 | −0.017% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,402.1 | −0.055% | $116.9M | $5.16B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0148% | 1h | 85,409.3 | −0.047% | $894.0M | $1.53B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | +0.105% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0171% | 1h | 85,378.1 | −0.083% | $188.2M | $954.4M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0153% | 1h | 85,436.8 | −0.014% | $13.4M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,443.8 | −0.006% | $8.3M | $42.4M | 25x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0200% | 1h | 85,536.6 | +0.103% | $692K | $7.9M | 30x | |
| Aftermath Perps BTCUSD | +0.0200% | 1h | 85,508 | +0.069% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,484 | +0.041% | $10.4M | $758.7M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,467.1 | +0.021% | $497K | $18.9M | 6.7x | as long as short |
BingX BTC-USDC
Nado BTC-PERP
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Phemex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC