Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.038%
Price spread now: Bybit against Hibachi+0.014%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 7 days−0.590%−$59 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.014%, 7d avg +0.083%
=Together, before fees−0.544%+ Points / potential airdropHibachi: Active · farm board−$54 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.069% cheaper against Hibachi than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.083%). If the spread goes back, that is −$7 on $10k: about 7.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.590%, 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 | Hibachi EUR/USDT-P | 1.1471 | −0.0032 | get 0.0004% / 1h | 34m 38s | $163K | $8.2M | 30x |
| Short | Bybit EURUSDUSDT | 1.1473 | 0 | get 0.0000% / 8h | 4h 34m | $584K | $223K | 100x |
Hibachi EUR/USDT-P
Bybit EURUSDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $6.72
- Price spread: +0.014% → +0.083%
- −$6.95
- Slippage, 4 orders
- −$19.23
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$39.45
- Costs to cover
- 0.392%
- Break-even
- 48.1 days
Slippage from Hibachi: live order book, 5 min ago; Bybit: live order book, 15 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 Hibachi live order book, 5 min ago | 0.04 bp | 4.9 bp −$5 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 15 min ago | 4.49 bp | 10.0 bp −$10 | 33.1 bp −$331 | 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 | +0.035% | $6.8M | $134K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0062% | 1h | 1.1468 | −0.023% | $3K | — | 50x | as long as short |
| Hibachi EUR/USDT-Plong | −0.0032% | 1h | 1.1471 | long leg | $163K | $8.2M | 30x | |
| Nado EURUSD-PERP | −0.0004% | 1h | 1.1475 | +0.032% | $467K | $153K | 40x | as long as short |
| Bybit EURUSDUSDTshort | 0.0000% | 8h | 1.1473 | +0.014% | $584K | $223K | 100x | |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1474 | +0.026% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1473 | +0.017% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1472 | +0.009% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1476 | +0.044% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1484 | +0.113% | $12K | $261K | 20x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Nado EURUSD-PERP
Gate EURUSD_USDT
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 | +0.003% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0039% | 1h | 1.1466 | −0.040% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1504 | +0.285% | — | $264K | 100x | as long as short |
| Lighter EURUSD | +0.0056% | 1h | 1.1483 | +0.102% | $2.1M | $435K | 50x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1474 | +0.026% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1479 | +0.069% | $12K | — | 10x | as long as short |
| tradeXYZ xyz:EUR | +0.0131% | 1h | 1.1476 | +0.044% | $23.3M | $1.8M | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0144% | 1h | 1.1478 | +0.061% | $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