Funding you earn now, next payment 07:00 UTC−0.0164%/8h= −18.0% APRnext payment −$0.20 per $10,000 · paid last 24h −0.033%
Price spread now: Vest against Hibachi−0.040%7-day average −0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.040%, 7d avg −0.013%
=Together, before fees+0.061%+ Points / potential airdropHibachi: Active · Vest: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.026% cheaper against Hibachi than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi ETH/USDT-P | 2,730.6 | 0.0264 | pay 0.0033% / 1h | 43m 41s | $245K | $1.4M | 20x |
| Short | Vest ETH-PERP | 2,729.5 | 0.0100 | get 0.0013% / 1h | 43m 41s | — | $767K | 50x |
Hibachi ETH/USDT-P
Vest ETH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Hibachi. 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
- −$34.44
- Price spread: −0.040% → −0.013%
- −$2.61
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$48.05
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Hibachi: live order book, 5 min ago; Vest: no order-book sample. 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 Hibachi live order book, 5 min ago | 0.94 bp | 6.3 bp −$6 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | 2,728.9 | −0.059% | $291K | $5.8M | 8.3x | as long as short |
| ApeX Omni ETHUSDT | −0.0088% | 1h | 2,725.8 | −0.175% | $8.6M | $31.5M | 100x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,726.1 | −0.163% | $5K | $1K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0040% | 1h | 2,725 | −0.204% | $117K | $22.5M | 52x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,728.5 | −0.074% | $12.0M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,725.4 | −0.189% | $816K | $3.0M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,727.8 | −0.101% | $10.5M | $42.9M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,729.6 | −0.035% | $6.7M | $691.2M | 4.9x | as long as short |
| Deribit ETH-PERPETUAL | 0.0000% | 1h | 2,728.1 | −0.089% | $262.6M | $215.0M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,728.7 | −0.070% | $32.9M | — | 200x | as long as short |
Perpl ETH
ApeX Omni ETHUSDT
Hotstuff ETH-PERP
Injective ETH/USDC PERP
GMX ETH/USD [ETH-USDC]
Phoenix ETH
dYdX ETH-USD
Kalshi KXETHPERP
Deribit ETH-PERPETUAL
gTrade (Gains Network) ETH/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ETH-USDT | +0.0007% | 8h | 2,727.8 | −0.103% | $1.05B | $1.23B | 200x | as long as short |
| 01 Exchange ETHUSD | +0.0024% | 1h | 2,728.9 | −0.061% | $191K | $892K | 50x | as long as short |
| BingX ETH-USDC | +0.0031% | 8h | 2,728 | −0.093% | — | $18.5M | — | as long as short |
| Bybit ETHUSDT | +0.0037% | 8h | 2,728.4 | −0.079% | $2.34B | $4.43B | 150x | as long as short |
| Aftermath Perps ETHUSD | +0.0071% | 1h | 2,728.6 | −0.071% | $30K | $20K | 20x | as long as short |
| KuCoin ETHUSDTM | +0.0077% | 8h | 2,726.9 | −0.133% | $378.2M | $577.5M | 100x | as long as short |
| SoDEX ETH-USD | +0.0082% | 1h | 2,727.4 | −0.116% | $54.3M | $187.4M | 40x | as long as short |
| SunX ETH-USDT | +0.0085% | 8h | 2,726.9 | −0.133% | $957K | $11.1M | 100x | as long as short |
| Aster ETHUSDT | +0.0086% | 8h | 2,728.2 | −0.086% | $252.1M | $850.5M | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0092% | 8h | 2,728.7 | −0.067% | $1.65B | $10.97B | 100x | as long as short |
| MEXC ETH_USDT | +0.0094% | 8h | 2,728.6 | −0.073% | $1.52B | $2.58B | 500x | as long as short |
| Binance ETHUSDT | +0.0094% | 8h | 2,728.1 | −0.091% | $6.33B | $16.19B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,726.9 | −0.134% | $111.9M | $433.8M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,730 | −0.022% | $23.4M | $102.9M | 50x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,725.3 | −0.194% | $4.9M | $165K | 20x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,728.4 | −0.079% | $509K | $3.5M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,731.2 | +0.023% | $15.3M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,728.8 | −0.065% | $14.0M | $106.1M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,729.3 | −0.048% | $3.10B | $2.06B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,728.8 | −0.066% | $32.0M | $333.7M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,729.4 | −0.042% | $2.7M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,729.2 | −0.049% | $1.5M | $16.3M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,725.9 | −0.170% | $161.8M | $340.3M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,728.9 | −0.062% | $3.28B | $8.95B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,728.7 | −0.070% | $2.09B | $2.80B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,727.5 | −0.114% | $15.0M | $42.0M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,723.1 | −0.274% | $133.0M | $326.2M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,724.6 | −0.220% | $184.7M | $683.3M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,726.3 | −0.156% | $158.4M | $87.7M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,724 | −0.240% | $20.9M | $69.0M | 40x | as long as short |
| Vest ETH-PERPshort | +0.0100% | 1h | 2,729.5 | −0.040% | — | $767K | 50x | |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,729.4 | −0.042% | $11.2M | $9.5M | 50x | as long as short |
| Bullet ETH-USD | +0.0100% | 1h | 2,728 | −0.094% | $178K | $1.7M | 20x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,728.8 | −0.064% | $22K | $21K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,729.5 | −0.039% | $40.9M | $30.2M | 15x | as long as short |
| Phemex ETHUSDT | +0.0100% | 8h | 2,727.7 | −0.105% | $262.9M | $65.0M | 150x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,728.1 | −0.092% | $30.4M | $74.1M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,729.5 | −0.037% | — | $30.6M | 500x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,729 | −0.057% | $50.4M | $4.32B | 50x | as long as short |
| RISEx ETH/USDC | +0.0115% | 1h | 2,729.3 | −0.047% | $5.6M | $11.8M | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.0187% | 8h | 2,730.1 | −0.018% | $32.1M | $11.6M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0193% | 1h | 2,727.1 | −0.126% | $7.3M | $1.1M | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0211% | 1h | 2,728.3 | −0.082% | $83.6M | $311.6M | 100x | as long as short |
| Hibachi ETH/USDT-Plong | +0.0264% | 1h | 2,730.6 | long leg | $245K | $1.4M | 20x | |
| BloFin ETH-USDT | +0.0375% | 8h | 2,729.5 | −0.038% | $282.4M | $175.5M | 150x | as long as short |
HTX ETH-USDT
01 Exchange ETHUSD
BingX ETH-USDC
Bybit ETHUSDT
Aftermath Perps ETHUSD
KuCoin ETHUSDTM
SoDEX ETH-USD
SunX ETH-USDT
Aster ETHUSDT
OKX ETH-USDT-SWAP
MEXC ETH_USDT
Binance ETHUSDT
Lighter ETH
Lighter RH ETH
Aevo ETH-PERP
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
Bullet ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
Phemex ETHUSDT
Extended ETH-USD
Jupiter Perps ETH-PERP
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
BloFin ETH-USDT