Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h +0.036%
Price spread now: Hibachi against Ondo Perps+0.036%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.286%+$29 on $10k
+Price spread, last 7 days+0.257%+$26 · spread now +0.036%, 7d avg +0.033%
=Together, before fees+0.543%+ Points / potential airdropOndo Perps: Active · Hibachi: Active · farm board+$54 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 86,330 | 0.0100 | pay 0.0013% / 1h | 47m 59s | $3.9M | $18.0M | 25x |
| Short | Hibachi BTC/USDT-P | 86,361.2 | 0.0160 | get 0.0020% / 1h | 47m 59s | $710K | $8.0M | 30x |
Ondo Perps BTC-USD.P
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Ondo 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
- $12.6
- Price spread: +0.036% → +0.033%
- $0.33
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$1.07
- Costs to cover
- 0.140%
- Break-even
- 7.6 days
Slippage unknown: Ondo Perps: no order-book sample; Hibachi: live order book, 1 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 1 min ago | 0.01 bp | 6.4 bp −$6 | 7.6 bp −$76 | 68.1 bp −$6,813 | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,441 | +0.129% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,315 | −0.017% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,326.4 | −0.004% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,349.1 | +0.022% | $481K | $22.0M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,345 | +0.017% | $36.9M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0007% | 1h | 86,348.4 | +0.021% | $902.7M | $1.51B | 50x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 86,348.6 | +0.022% | $500.8M | $1.15B | 200x | as long as short |
| dYdX BTC-USD | +0.0016% | 1h | 86,346.1 | +0.019% | $16.9M | $20.6M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.331% | $333K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0031% | 8h | 86,317.7 | −0.014% | $829.5M | $723.9M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUAL
Aster BTCUSDT
dYdX BTC-USD
Injective BTC/USDC PERP
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0041% | 1h | 86,315.1 | −0.017% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDT | +0.0047% | 8h | 86,332.1 | +0.002% | — | $1.58B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,325.6 | −0.005% | $8.2M | $42.8M | 25x | as long as short |
| Bitget BTCUSDT | +0.0060% | 8h | 86,363.9 | +0.039% | $2.97B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,531.4 | +0.233% | $2.5M | $1.5M | 20x | as long as short |
| MEXC BTC_USDT | +0.0075% | 8h | 86,373.5 | +0.050% | $5.13B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0076% | 8h | 86,345.4 | +0.018% | $9.41B | $24.51B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0088% | 1h | 86,304.8 | −0.029% | $141.4M | $323.2M | 100x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 86,325 | −0.006% | $60.4M | $338.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,329.7 | 0.000% | $170.0M | $982.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,331.4 | +0.002% | $23.7M | $148.8M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,431.6 | +0.118% | $216.9M | $167.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,319 | −0.013% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,300 | −0.035% | $205K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,371.3 | +0.048% | $4.7M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,333.4 | +0.004% | $22.0M | $232.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,396 | +0.076% | $3.79B | $5.04B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,364.5 | +0.040% | $40.7M | $546.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,353.6 | +0.027% | $5.26B | $9.75B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,374.5 | +0.052% | $2.56B | $12.64B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 86,330 | long leg | $3.9M | $18.0M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,347.9 | +0.021% | $7.3M | $95.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,326.5 | −0.004% | $5.81B | $10.49B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,320.7 | −0.011% | $37.3M | $155.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,309.8 | −0.023% | $157.9M | $567.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,419.2 | +0.103% | $279.1M | $949.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,317.3 | −0.015% | $30.6M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,363.6 | +0.039% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,313 | −0.020% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,320 | −0.012% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,329.1 | −0.001% | $2.5M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,354.8 | +0.029% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,354.3 | +0.028% | $30.4M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,318.4 | −0.013% | $3.4M | $5.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,313.3 | −0.019% | $2.29B | $967.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,328.5 | −0.002% | $153.3M | $478.6M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,336.3 | +0.007% | $571.6M | $13.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,346.5 | +0.019% | $45.9M | $224.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,340.3 | +0.012% | — | $99.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,353.1 | +0.027% | $132.4M | $5.56B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,344.5 | +0.017% | $191.9M | $951.4M | 100x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0160% | 1h | 86,361.2 | +0.036% | $710K | $8.0M | 30x | |
| Aftermath Perps BTCUSD | +0.0163% | 1h | 86,395.2 | +0.076% | $77K | $221K | 20x | as long as short |
| BloFin BTC-USDT | +0.0195% | 8h | 86,345.4 | +0.018% | $414.9M | $653.4M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0215% | 1h | 86,331.4 | +0.002% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 86,356 | +0.030% | $9.8M | $761.2M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
ApeX Omni BTCUSDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
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
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP