ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.010%

Price spread now: Hibachi against Bluefin−0.014%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin ETH-PERP	2,731.8	0.0100	pay 0.0013% / 1h	17m 11s	$21K	$20K	25x
Short	Hibachi ETH/USDT-P	2,731.4	0.0232	get 0.0029% / 1h	17m 11s	$246K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bluefin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee HibachibpOrdersPrice spread, now −0.014%Rate

Funding earned: $27.72
Price spread: −0.014% → 0.000%: −$1.39
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $10.33
Costs to cover: 0.160%
Break-even: 4.4 days

Slippage unknown: Bluefin: no order-book sample; Hibachi: live order book, 2 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 Bluefin no order-book sample	—	—	—	—	—
Sell Hibachi live order book, 2 min ago	0.95 bp	12.9 bp −$13	20.1 bp −$201	doesn't fit	doesn't fit

Bluefin: 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.

ETH on 55 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 ETH	−0.0335%	43m	2,730.9	−0.034%	$297K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,732.2	+0.015%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0016%	8h	2,730.6	−0.044%	$1.06B	$1.20B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.6	−0.007%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,731.2	−0.022%	$817K	$2.9M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,732.2	+0.015%	$6.3M	$685.4M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,731.7	−0.005%	$28.0M	—	200x	as long as short
dYdX ETH-USD	+0.0007%	1h	2,732.6	+0.028%	$10.7M	$42.1M	50x	as long as short
Bullet ETH-USD	+0.0027%	1h	2,731.2	−0.023%	$179K	$1.7M	20x	as long as short
BingX ETH-USDC	+0.0030%	8h	2,730.5	−0.046%	—	$18.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0036%	8h	2,730.3	−0.056%	$2.36B	$4.38B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,731.8	0.000%	$187K	$814K	50x	as long as short
SunX ETH-USDT	+0.0065%	8h	2,730.1	−0.063%	$957K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,731.3	−0.016%	$377.8M	$574.9M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,730.2	−0.059%	$1.67B	$10.75B	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,728.9	−0.106%	$4.9M	$155K	20x	as long as short
ApeX Omni ETHUSDT	+0.0082%	1h	2,730.2	−0.059%	$8.6M	$31.2M	100x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,731.2	−0.023%	$250.9M	$840.3M	200x	as long as short
Phemex ETHUSDT	+0.0086%	8h	2,730.8	−0.036%	$264.6M	$64.9M	150x	as long as short
MEXC ETH_USDT	+0.0087%	8h	2,730.1	−0.063%	$1.55B	$2.58B	500x	as long as short
Deribit ETH-PERPETUAL	+0.0087%	1h	2,732.6	+0.030%	$258.6M	$201.8M	50x	as long as short
SoDEX ETH-USD	+0.0087%	1h	2,731.3	−0.018%	$54.4M	$187.8M	40x	as long as short
Binance ETHUSDT	+0.0088%	8h	2,730.5	−0.046%	$6.33B	$15.95B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,731.8	−0.001%	$112.4M	$434.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,732.3	+0.020%	$23.4M	$104.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,731.8	−0.001%	—	$31.0M	500x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,731.2	−0.022%	$117K	$22.5M	52x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.3	−0.018%	$500K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,732.8	+0.038%	$15.5M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.2	−0.022%	$13.9M	$104.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,733.2	+0.052%	$3.09B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.6	+0.029%	$31.9M	$334.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,731.3	−0.018%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732.3	+0.020%	$1.5M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,728.2	−0.131%	$169.5M	$307.4M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.5	−0.010%	$3.33B	$8.94B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.2	−0.020%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,730.9	−0.033%	$14.9M	$41.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,730.3	−0.053%	$134.3M	$322.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,729	−0.101%	$183.6M	$672.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.4	−0.013%	$158.9M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730	−0.066%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,732	+0.008%	—	$845K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732.6	+0.030%	$11.2M	$9.4M	50x	as long as short
Bluefin ETH-PERPlong	+0.0100%	1h	2,731.8	long leg	$21K	$20K	25x
Derive ETH-PERP	+0.0100%	1h	2,733.2	+0.052%	$41.0M	$29.9M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730.5	−0.046%	$30.5M	$73.4M	50x	as long as short
Aftermath Perps ETHUSD	+0.0107%	1h	2,731.5	−0.010%	$30K	$20K	20x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,732.1	+0.011%	$5.6M	$11.8M	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,733	+0.042%	$50.6M	$4.29B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,732.1	+0.012%	$83.6M	$315.9M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0192%	8h	2,733.9	+0.078%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0209%	1h	2,730.4	−0.051%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-Pshort	+0.0232%	1h	2,731.4	−0.014%	$246K	$1.4M	20x
BloFin ETH-USDT	+0.0350%	8h	2,731.2	−0.020%	$282.6M	$174.8M	150x	as long as short