ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0152%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.067%

Price spread now: Hibachi against Injective−0.155%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on Injective Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.397%−$40 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.155%, 7d avg −0.039%

Together, before fees−0.137%+ Points / potential airdropHibachi: Active · farm board−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hibachi is 0.117% cheaper against Injective than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of −0.039%). If the spread goes back, that is −$12 on $10k: about 2.6 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.397%, 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	Injective ETH/USDC PERP	2,734.2	−0.0040	get 0.0005% / 1h	0m 39s	$117K	$22.5M	52x
Short	Hibachi ETH/USDT-P	2,730	0.0112	get 0.0014% / 1h	0m 39s	$243K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Injective. 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 InjectivebpFee HibachibpOrdersPrice spread, now −0.155%Rate

Funding earned: $31.96
Price spread: −0.155% → −0.039%: −$11.66
Slippage, 4 orders: −$62.31
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$51.03
Costs to cover: 0.713%
Break-even: 18.2 days

Slippage from Injective: live order book, 4 min ago; Hibachi: live order book, 3 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 Injective live order book, 4 min ago	13.34 bp	13.4 bp −$13	13.4 bp −$134	13.4 bp −$1,335	20983.2 bp −$10.49M
Sell Hibachi live order book, 3 min ago	0.02 bp	4.5 bp −$5	8.6 bp −$86	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
Hotstuff ETH-PERP	−0.0080%	1h	2,729.1	−0.187%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERPlong	−0.0040%	1h	2,734.2	long leg	$117K	$22.5M	52x
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.4	−0.176%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,730	−0.154%	$812K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.6	−0.168%	$10.5M	$42.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,729.9	−0.157%	$6.7M	$682.3M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,728.8	−0.199%	$287K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,730.1	−0.151%	$262.5M	$213.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,729.5	−0.174%	$32.9M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0014%	1h	2,732.5	−0.062%	$8.6M	$31.5M	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-USDC	+0.0022%	8h	2,729	−0.190%	—	$18.6M	—	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,730.6	−0.132%	$191K	$890K	50x	as long as short
Bybit ETHUSDT	+0.0026%	8h	2,730	−0.155%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0029%	8h	2,728.9	−0.193%	$1.05B	$1.22B	200x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,729	−0.191%	$385.6M	$577.5M	100x	as long as short
SoDEX ETH-USD	+0.0072%	1h	2,729	−0.190%	$54.4M	$187.2M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,730	−0.154%	$1.65B	$10.86B	100x	as long as short
Aster ETHUSDT	+0.0080%	8h	2,728.8	−0.196%	$252.8M	$847.4M	200x	as long as short
Bullet ETH-USD	+0.0092%	1h	2,729	−0.191%	$188K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,729.4	−0.174%	$1.54B	$2.61B	500x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,729	−0.191%	$6.33B	$16.12B	150x	as long as short
Phemex ETHUSDT	+0.0093%	8h	2,729.3	−0.180%	$262.8M	$64.5M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,729.7	−0.164%	$112.6M	$439.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,730.8	−0.124%	$23.5M	$103.5M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,726.5	−0.282%	$4.9M	$174K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,730	−0.154%	$501K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.4	+0.006%	$15.4M	$7.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,729.2	−0.182%	$14.1M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,731.1	−0.113%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730	−0.153%	$32.0M	$332.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.6	−0.168%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731.3	−0.108%	$1.5M	$16.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,730.6	−0.132%	$3.30B	$9.06B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,730.4	−0.140%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,728.9	−0.194%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,728	−0.227%	$134.0M	$320.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.3	−0.143%	$185.6M	$683.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.1	−0.148%	$158.7M	$83.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,729.4	−0.176%	$21.0M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730.7	−0.128%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.2	−0.146%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,729.5	−0.173%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.6	−0.057%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729.1	−0.188%	$956K	$10.9M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729	−0.191%	$162.7M	$352.6M	25x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,731.7	−0.092%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,729.6	−0.168%	$30.4M	$72.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,729.7	−0.164%	—	$30.5M	500x	as long as short
Hibachi ETH/USDT-Pshort	+0.0112%	1h	2,730	−0.155%	$243K	$1.4M	20x
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,730.5	−0.137%	$46.5M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,731.1	−0.113%	$5.6M	$11.6M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,731.3	−0.106%	$32.2M	$11.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0186%	1h	2,728.1	−0.223%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,729.7	−0.163%	$82.1M	$309.8M	100x	as long as short
BloFin ETH-USDT	+0.0222%	8h	2,729	−0.192%	$281.1M	$177.2M	150x	as long as short