ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.032%

Price spread now: Hibachi against Coinbase International+0.075%49s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.214% of the position

Long on Coinbase International Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.317%−$32 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.075%, 7d avg +0.001%

Together, before fees−0.407%+ Points / potential airdropHibachi: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hibachi is 0.074% dearer against Coinbase International than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.317%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,728.9	0.0104	pay 0.0013% / 1h	49m 17s	$50.1M	$4.28B	50x
Short	Hibachi ETH/USDT-P	2,730.9	0.0232	get 0.0029% / 1h	49m 17s	$249K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Coinbase International. 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 Coinbase InternationalbpFee HibachibpOrdersPrice spread, now +0.075%Rate

Funding earned: $26.88
Price spread: +0.075% → +0.001%: $7.4
Slippage, 4 orders: −$2.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $12.87
Costs to cover: 0.214%
Break-even: 3.6 days

Slippage from Coinbase International: live order book, 5 min ago; Hibachi: live order book, 5 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 Coinbase International live order book, 5 min ago	0.02 bp	5.0 bp −$5	5.2 bp −$52	7.8 bp −$776	23.3 bp −$11.6K
Sell Hibachi live order book, 5 min ago	0.02 bp	5.1 bp −$5	11.5 bp −$115	doesn't fit	doesn't fit

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	2,728.6	−0.010%	$288K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.1	+0.008%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0015%	8h	2,728.4	−0.017%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.1	+0.009%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,730.9	+0.074%	$815K	$3.0M	25x	as long as short
dYdX ETH-USD	+0.0006%	1h	2,728.5	−0.015%	$10.7M	$42.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,729.3	+0.014%	$28.0M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,730.1	+0.044%	$117K	$22.5M	52x	as long as short
BingX ETH-USDC	+0.0031%	8h	2,728.2	−0.025%	—	$18.5M	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,729.6	+0.026%	$186K	$785K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0040%	8h	2,728.7	−0.007%	$2.36B	$4.39B	150x	as long as short
Bullet ETH-USD	+0.0058%	1h	2,728.8	−0.003%	$179K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0064%	8h	2,727.6	−0.048%	$957K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,729.3	+0.014%	$377.7M	$576.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0075%	1h	2,729.2	+0.013%	$30K	$20K	20x	as long as short
ApeX Omni ETHUSDT	+0.0078%	1h	2,729.6	+0.026%	$8.7M	$31.2M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,726.7	−0.081%	$4.9M	$155K	20x	as long as short
Aster ETHUSDT	+0.0080%	8h	2,728.8	−0.002%	$252.4M	$843.1M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0086%	8h	2,729.1	+0.008%	$1.67B	$10.75B	100x	as long as short
MEXC ETH_USDT	+0.0086%	8h	2,729	+0.005%	$1.56B	$2.55B	500x	as long as short
Binance ETHUSDT	+0.0087%	8h	2,729	+0.005%	$6.33B	$15.98B	150x	as long as short
Phemex ETHUSDT	+0.0089%	8h	2,727.8	−0.039%	$264.0M	$64.1M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,729.3	+0.015%	$111.9M	$429.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,730.7	+0.064%	$23.4M	$102.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,729.3	+0.016%	—	$31.0M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.5	−0.014%	$499K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,731.5	+0.095%	$15.4M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.7	−0.007%	$13.7M	$104.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,731.2	+0.085%	$3.09B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,729.9	+0.037%	$31.8M	$333.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,727.9	−0.036%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.3	+0.016%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729	+0.003%	$165.1M	$317.5M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729	+0.005%	$3.34B	$8.84B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,729	+0.003%	$2.08B	$2.74B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.6	−0.049%	$15.0M	$42.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,729.7	+0.031%	$134.4M	$324.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,726.8	−0.076%	$183.1M	$672.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.9	+0.073%	$158.9M	$87.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730.6	+0.063%	$21.0M	$73.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730.1	+0.045%	—	$846K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.2	+0.048%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,729.2	+0.011%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,730.2	+0.049%	$40.9M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,728.8	−0.003%	$54.3M	$187.9M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.2	−0.027%	$30.6M	$73.8M	50x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0104%	1h	2,728.9	long leg	$50.1M	$4.28B	50x
RISEx ETH/USDC	+0.0108%	1h	2,729.3	+0.014%	$5.6M	$11.7M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0113%	1h	2,730.2	+0.047%	$258.4M	$203.2M	50x	as long as short
Kalshi KXETHPERP	+0.0148%	8h	2,730.6	+0.063%	$6.3M	$689.6M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,729.3	+0.015%	$83.1M	$316.4M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,731.2	+0.084%	$32.1M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0204%	1h	2,728.3	−0.021%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-Pshort	+0.0232%	1h	2,730.9	+0.075%	$249K	$1.4M	20x
BloFin ETH-USDT	+0.0341%	8h	2,730.3	+0.052%	$282.7M	$174.6M	150x	as long as short