Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.044%
Price spread now: Hibachi against Aevo−0.115%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.115%, 7d avg +0.058%
=Together, before fees+0.521%+ Points / potential airdropHibachi: Active · farm board+$52 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hibachi is 0.173% cheaper against Aevo than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.058%). If the spread goes back, that is −$17 on $10k: about 6.0 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo BTC-PERP | 86,488.1 | 0.0072 | pay 0.0009% / 1h | 51m 12s | $2.5M | $1.4M | 20x |
| Short | Hibachi BTC/USDT-P | 86,388.4 | 0.0168 | get 0.0021% / 1h | 51m 12s | $714K | $8.0M | 30x |
Aevo BTC-PERP
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Aevo. 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
- $20.16
- Price spread: −0.115% → +0.058%
- −$17.34
- Slippage, 4 orders
- −$7.59
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$29.77
- Costs to cover
- 0.326%
- Break-even
- 17.3 days
Slippage from Aevo: live order book, 3 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 Aevo live order book, 3 min ago | 2.96 bp | 12.3 bp −$12 | 13.7 bp −$137 | 16.1 bp −$1,610 | doesn't fit |
| Sell Hibachi live order book, 3 min ago | 0.01 bp | 4.8 bp −$5 | 5.2 bp −$52 | 72.2 bp −$7,219 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,441 | −0.054% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,297 | −0.221% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,304.6 | −0.212% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,324.8 | −0.189% | $461K | $22.1M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0003% | 1h | 86,307.1 | −0.209% | $16.9M | $20.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,351.4 | −0.158% | $36.9M | — | 200x | as long as short |
| Bluefin BTC-PERP | +0.0007% | 1h | 86,350.6 | −0.159% | $140K | $663K | 40x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 86,315.2 | −0.200% | $500.6M | $1.15B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.148% | $333K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0029% | 8h | 86,295.4 | −0.223% | $830.1M | $722.9M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Bluefin BTC-PERP
Aster BTCUSDT
Injective BTC/USDC PERP
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0041% | 1h | 86,308.4 | −0.208% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDC | +0.0046% | 8h | 86,298.3 | −0.219% | — | $15.3M | — | as long as short |
| SoDEX BTC-USD | +0.0050% | 1h | 86,314 | −0.201% | $60.4M | $338.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,299.4 | −0.218% | $8.3M | $42.9M | 25x | as long as short |
| Bitget BTCUSDT | +0.0059% | 8h | 86,307.8 | −0.208% | $2.96B | $5.10B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0062% | 1h | 86,356.4 | −0.152% | $903.3M | $1.51B | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0069% | 1h | 86,448.9 | −0.045% | $141.6M | $323.3M | 100x | as long as short |
| Aevo BTC-PERPlong | +0.0072% | 1h | 86,488.1 | long leg | $2.5M | $1.4M | 20x | |
| Binance BTCUSDT | +0.0076% | 8h | 86,305.8 | −0.211% | $9.40B | $24.52B | 150x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 86,301 | −0.216% | $5.13B | $5.66B | 500x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 86,340.3 | −0.171% | $5.83B | $10.47B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,329.8 | −0.183% | $170.0M | $981.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,320.7 | −0.194% | $23.7M | $148.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,431.6 | −0.065% | $216.9M | $167.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,293 | −0.226% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,269 | −0.253% | $204K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,331.6 | −0.181% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,278.9 | −0.242% | $22.1M | $232.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,371 | −0.135% | $3.79B | $5.04B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,326.6 | −0.187% | $40.7M | $540.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,302.2 | −0.215% | $5.25B | $9.75B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,308.5 | −0.208% | $2.56B | $12.63B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,294 | −0.224% | $3.9M | $18.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,320.9 | −0.193% | $7.3M | $96.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,523.6 | +0.041% | $572.9M | $12.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,298.1 | −0.220% | $37.5M | $155.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,309.8 | −0.206% | $157.9M | $567.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,419.2 | −0.080% | $279.1M | $949.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,338 | −0.174% | $30.6M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,350.2 | −0.159% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,299 | −0.219% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,322 | −0.192% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,308.9 | −0.207% | $2.5M | $9.1M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,345.8 | −0.165% | $30.4M | $62.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,315.8 | −0.199% | $3.4M | $5.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,312.9 | −0.203% | $2.29B | $967.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,318 | −0.197% | $152.9M | $478.7M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,294.8 | −0.223% | $45.9M | $224.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,310.5 | −0.205% | — | $99.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,353.3 | −0.156% | $132.8M | $5.57B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,345.5 | −0.165% | $192.4M | $950.9M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0165% | 1h | 86,442 | −0.053% | $76K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0168% | 1h | 86,388.4 | −0.115% | $714K | $8.0M | 30x | |
| BloFin BTC-USDT | +0.0196% | 8h | 86,301 | −0.216% | $414.7M | $654.0M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0214% | 1h | 86,341.2 | −0.170% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0212% | 8h | 86,319 | −0.196% | $9.6M | $759.8M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
SoDEX BTC-USD
RISEx BTC/USDC
Bitget BTCUSDT
Deribit BTC-PERPETUAL
ApeX Omni BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP