ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0183%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.043%

Price spread now: Hibachi against GMX−0.078%7-day average −0.002% · you buy dearer than you sell

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

Long on GMX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$7 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.078%, 7d avg −0.002%

Together, before fees+0.011%+ Points / potential airdropHibachi: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hibachi is 0.076% cheaper against GMX than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.002%). If the spread goes back, that is −$8 on $10k: about 33 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 3 days funding on this pair cost −0.065%, 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	GMX ETH/USD [ETH-USDC]	2,803.8	L +0.0025% / S +0.0011%	pay 0.0003% / 1h	31m 09s	$12.9M	—	200x
Short	Hibachi ETH/USDT-P	2,801.6	0.0208	get 0.0026% / 1h	31m 09s	$260K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against GMX. 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 GMXbpFee HibachibpOrdersPrice spread, now −0.078%Rate

Funding earned: $38.49
Price spread: −0.078% → −0.002%: −$7.63
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $9.86
Costs to cover: 0.210%
Break-even: 5.2 days

Slippage unknown: GMX: no order-book sample; Hibachi: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell Hibachi live order book, 3 min ago	1.55 bp	12.4 bp −$12	22.7 bp −$227	doesn't fit	doesn't fit

GMX: 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	−0.0112%	43m	2,800.7	−0.109%	$297K	$6.8M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,800.1	−0.131%	$5K	$2K	50x	as long as short
Phoenix ETH	−0.0032%	1h	2,806.7	+0.104%	$807K	$3.5M	25x	as long as short
Phemex ETHUSDT	−0.0027%	8h	2,803.5	−0.010%	$270.3M	$66.1M	150x	as long as short
RISEx ETH/USDC	−0.0005%	1h	2,800.7	−0.109%	$5.8M	$12.2M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,802.1	−0.059%	$13.8M	$43.8M	50x	as long as short
Injective ETH/USDC PERP	+0.0003%	1h	2,800	−0.135%	$120K	$22.5M	52x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,804.1	+0.012%	$22.7M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0016%	8h	2,803.9	+0.006%	$1.70B	$11.96B	100x	as long as short
GMX ETH/USD [ETH-USDC]long	L +0.0025% / S +0.0011%	1h	2,803.8	long leg	$12.9M	—	200x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0032%	1h	2,800.4	−0.120%	$177K	$1.2M	50x	as long as short
MEXC ETH_USDT	+0.0046%	8h	2,804.6	+0.029%	$1.57B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,804.6	+0.029%	$6.52B	$17.12B	150x	as long as short
Bulk ETH-USD	+0.0047%	1h	2,803.2	−0.021%	$167.8M	$262.8M	25x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,803.2	−0.020%	$5.1M	$651K	20x	as long as short
Gate ETH_USDT	+0.0062%	8h	2,804.4	+0.021%	$3.35B	$9.50B	200x	as long as short
Bitget ETHUSDT	+0.0071%	8h	2,803.6	−0.005%	$2.11B	$3.14B	150x	as long as short
Aster ETHUSDT	+0.0076%	8h	2,802.3	−0.051%	$263.2M	$997.3M	200x	as long as short
Aftermath Perps ETHUSD	+0.0077%	1h	2,795.6	−0.293%	$30K	$22K	20x	as long as short
Bullet ETH-USD	+0.0095%	1h	2,802.4	−0.049%	$192K	$1.8M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,805.1	+0.046%	$117.2M	$513.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,806	+0.081%	$25.7M	$124.6M	50x	as long as short
Variational Omni ETH	+0.0099%	8h	2,794	−0.347%	$141.4M	$311.2M	—	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,800.7	−0.110%	$487K	$2.7M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,850.6	+1.668%	$16.6M	$11.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,800.7	−0.111%	$17.5M	$115.2M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,801.2	−0.091%	$31.8M	$271.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,804.6	+0.028%	$2.55B	$4.61B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,799.9	−0.138%	$2.9M	$16.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,802.3	−0.052%	$2.8M	$17.1M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,804.4	+0.022%	$410.4M	$737.5M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,804.1	+0.013%	—	$17.2M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,804.9	+0.040%	$15.6M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,796.6	−0.255%	$178.9M	$776.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,798.4	−0.192%	$162.8M	$96.6M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,795.3	−0.303%	$8.4M	$29.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,797.6	−0.220%	$21.6M	$58.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,801.6	−0.078%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,802.7	−0.038%	$10.9M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,804.1	+0.012%	$22K	$25K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,799.3	−0.160%	$982K	$14.4M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,804.1	+0.012%	$54.1M	$208.8M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,804.8	+0.036%	$1.09B	$1.30B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,803.9	+0.006%	$31.7M	$76.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,802.9	−0.033%	—	$46.7M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,806.2	+0.087%	$60.8M	$4.69B	50x	as long as short
Orderly PERP_ETH_USDC	+0.0115%	8h	2,807.2	+0.121%	$32.9M	$11.5M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,805.6	+0.066%	$89.4M	$336.0M	100x	as long as short
Kalshi KXETHPERP	+0.0146%	8h	2,802.3	−0.053%	$8.8M	$660.7M	4.9x	as long as short
Hyperliquid ETH	+0.0161%	1h	2,807.7	+0.140%	$3.29B	$2.31B	25x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,804.6	+0.029%	$287.2M	$196.7M	150x	as long as short
Hibachi ETH/USDT-Pshort	+0.0208%	1h	2,801.6	−0.078%	$260K	$1.6M	20x
Reya ETHRUSDPERP	+0.0210%	1h	2,800	−0.133%	$7.6M	$985K	25x	as long as short
Deribit ETH-PERPETUAL	+0.0231%	1h	2,806.1	+0.084%	$259.3M	$220.8M	50x	as long as short
Derive ETH-PERP	+0.0303%	1h	2,807.8	+0.145%	$43.4M	$29.1M	15x	as long as short