ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.010%

Price spread now: Hibachi against dYdX+0.099%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on dYdX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.402%−$40 on $10k

Price spread, last 7 days−0.136%−$14 · spread now +0.099%, 7d avg +0.035%

Together, before fees−0.538%+ Points / potential airdropHibachi: Active · farm board−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hibachi is 0.064% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.402%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,729.7	0	get 0.0000% / 1h	39m 22s	$10.7M	$41.7M	50x
Short	Hibachi ETH/USDT-P	2,732.4	0.0256	get 0.0032% / 1h	39m 22s	$253K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against dYdX. 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 dYdXbpFee HibachibpOrdersPrice spread, now +0.099%Rate

Funding earned: $53.76
Price spread: +0.099% → +0.035%: $6.41
Slippage, 4 orders: −$6.52
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $34.65
Costs to cover: 0.255%
Break-even: 2.5 days

Slippage from dYdX: 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 dYdX live order book, 5 min ago	0.55 bp	6.3 bp −$6	6.9 bp −$69	9.2 bp −$923	25.6 bp −$12.8K
Sell Hibachi live order book, 5 min ago	0.02 bp	7.4 bp −$7	17.3 bp −$173	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	−0.0447%	43m	2,728.9	−0.030%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,728.7	−0.037%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.2	−0.019%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,728.9	−0.030%	$11.9M	—	200x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,729.7	long leg	$10.7M	$41.7M	50x
01 Exchange ETHUSD	0.0000%	1h	2,728.7	−0.037%	$187K	$842K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,728.8	−0.034%	$828K	$2.9M	25x	as long as short
Bullet ETH-USD	+0.0004%	1h	2,728.4	−0.048%	$180K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,728.8	−0.034%	$26.8M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0039%	1h	2,729.5	−0.007%	$8.9M	$31.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0059%	8h	2,728	−0.063%	—	$1.14B	—	as long as short
SoDEX ETH-USD	+0.0059%	1h	2,729.4	−0.012%	$54.4M	$187.6M	40x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,728.1	−0.058%	$380.0M	$576.2M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,727	−0.099%	$1.67B	$10.70B	100x	as long as short
HTX ETH-USDT	+0.0078%	8h	2,728.3	−0.054%	$1.05B	$1.20B	200x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,728.4	−0.049%	$251.2M	$844.3M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0080%	1h	2,730.7	+0.035%	$260.1M	$196.6M	50x	as long as short
Bybit ETHUSDT	+0.0084%	8h	2,727.4	−0.085%	$2.39B	$4.35B	150x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,728.8	−0.033%	$1.52B	$2.55B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,728.9	−0.029%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,728.3	−0.053%	$6.34B	$15.86B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,730.3	+0.019%	$112.2M	$436.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.5	+0.065%	$23.2M	$105.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,729	−0.025%	—	$30.6M	500x	as long as short
Phemex ETHUSDT	+0.0097%	8h	2,729.8	+0.002%	$265.3M	$65.5M	150x	as long as short
Paradex ETH-USD-PERP	+0.0098%	8h	2,732.4	+0.099%	$15.6M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,729.1	−0.024%	$5.6M	$11.5M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.1	−0.059%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.7	−0.039%	$13.8M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.9	+0.043%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.1	+0.015%	$31.9M	$334.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.2	−0.056%	$2.7M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,728.9	−0.029%	$2.8M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,728.4	−0.050%	$3.34B	$8.83B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.7	−0.036%	$2.07B	$2.75B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,728.4	−0.047%	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,729.3	−0.016%	$133.2M	$325.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.8	+0.039%	$183.7M	$669.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.6	+0.033%	$158.9M	$86.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,729.7	−0.001%	$21.1M	$69.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730	+0.011%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.4	+0.025%	$11.1M	$9.1M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.7	+0.072%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,731.2	+0.055%	$957K	$11.4M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.9	+0.043%	$166.8M	$318.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,727.3	−0.090%	$30.4M	$72.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731	+0.045%	$51.5M	$4.26B	50x	as long as short
Aftermath Perps ETHUSD	+0.0125%	1h	2,731.2	+0.054%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0150%	8h	2,731.1	+0.051%	$6.5M	$677.8M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0193%	8h	2,729.7	−0.002%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0222%	1h	2,728	−0.062%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,729.5	−0.007%	$84.1M	$313.9M	100x	as long as short
Hibachi ETH/USDT-Pshort	+0.0256%	1h	2,732.4	+0.099%	$253K	$1.4M	20x
Bluefin ETH-PERP	+0.0275%	1h	2,728.2	−0.057%	$21K	$20K	25x	as long as short
BloFin ETH-USDT	+0.0354%	8h	2,730.3	+0.020%	$282.9M	$174.9M	150x	as long as short