Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.038%
Price spread now: Hibachi against Gate−0.026%46s7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as 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−$570.570% of the position
Funding, last 7 days+0.378%+$38 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.026%, 7d avg −0.069%
=Together, before fees+0.304%+ Points / potential airdropHibachi: Active · farm board+$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.043% dearer against Gate than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.069%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.378%, so the current rate has only just turned against you. The two prices were read 46 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 | Gate EURUSD_USDT | 1.1474 | 0 | get 0.0000% / 8h | 4h 34m | $144K | $5K | 100x |
| Short | Hibachi EUR/USDT-P | 1.1471 | −0.0032 | pay 0.0004% / 1h | 34m 40s | $163K | $8.2M | 30x |
Gate EURUSD_USDT
Hibachi EUR/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Gate. 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
- −$6.72
- Price spread: −0.026% → −0.069%
- $4.27
- Slippage, 4 orders
- −$33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$59.45
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Gate: live order book, 16 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 Gate live order book, 16 min ago | 8.28 bp | 26.1 bp −$26 | 185.8 bp −$1,858 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 5 min ago | 0.04 bp | 4.5 bp −$5 | 20.9 bp −$209 | doesn't fit | doesn't fit |
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0164% | 4h | 1.1475 | +0.009% | $6.8M | $134K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0062% | 1h | 1.1468 | −0.049% | $3K | — | 50x | as long as short |
| Hibachi EUR/USDT-Pshort | −0.0032% | 1h | 1.1471 | −0.026% | $163K | $8.2M | 30x | |
| Nado EURUSD-PERP | −0.0004% | 1h | 1.1475 | +0.006% | $467K | $153K | 40x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.012% | $584K | $223K | 100x | as long as short |
| Gate EURUSD_USDTlong | 0.0000% | 8h | 1.1474 | long leg | $144K | $5K | 100x | |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.009% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1472 | −0.017% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1476 | +0.017% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1484 | +0.087% | $12K | $261K | 20x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Nado EURUSD-PERP
Bybit EURUSDUSDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EUR-USD | +0.0032% | 1h | 1.1471 | −0.023% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0039% | 1h | 1.1466 | −0.066% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1504 | +0.259% | — | $264K | 100x | as long as short |
| Lighter EURUSD | +0.0056% | 1h | 1.1483 | +0.076% | $2.1M | $435K | 50x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1474 | 0.000% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1479 | +0.043% | $12K | — | 10x | as long as short |
| tradeXYZ xyz:EUR | +0.0131% | 1h | 1.1476 | +0.017% | $23.3M | $1.8M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0144% | 1h | 1.1478 | +0.035% | $33K | — | 50x | as long as short |
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Lighter EURUSD
Pacifica EURUSD
Aevo EURUSD-PERP
tradeXYZ xyz:EUR
Hotstuff EURUSD-PERP