Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h −0.029%
Price spread now: RISEx against Hibachi+0.019%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 4 days (all we have)−0.127%−$13 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.019%, 7d avg −0.030%
=Together, before fees−0.158%+ Points / potential airdropHibachi: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. RISEx is 0.049% dearer against Hibachi than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.030%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 4 days (−0.127% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BTC/USDT-P | 85,246.5 | 0.0208 | pay 0.0026% / 1h | 33m 41s | $682K | $7.7M | 30x |
| Short | RISEx BTC/USDC | 85,262.7 | 0.0174 | get 0.0022% / 1h | 33m 41s | $8.7M | $42.8M | 25x |
Hibachi BTC/USDT-P
RISEx BTC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$7.1
- Price spread: +0.019% → −0.030%
- $4.88
- Slippage, 4 orders
- −$2.41
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$19.63
- Costs to cover
- 0.174%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, just now; RISEx: live order book, 16 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, just now | 0.01 bp | 5.3 bp −$5 | 5.6 bp −$56 | 39.5 bp −$3,948 | doesn't fit |
| Sell RISEx live order book, 16 min ago | 0.01 bp | 3.0 bp −$3 | 3.0 bp −$30 | 11.8 bp −$1,176 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,199 | −0.056% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,354 | +0.126% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0023% | 8h | 85,235.6 | −0.013% | $928.5M | $777.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,197.3 | −0.058% | $420.3M | $682.3M | 150x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,230.1 | −0.019% | $509.6M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,247.8 | +0.002% | $343K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0003% | 1h | 85,225.3 | −0.025% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,240.9 | −0.007% | $36.5M | — | 200x | as long as short |
| ApeX Omni BTCUSDT | +0.0020% | 1h | 85,214.8 | −0.037% | $139.7M | $312.6M | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,229.8 | −0.020% | $186.4M | $955.3M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
ApeX Omni BTCUSDT
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0065% | 8h | 85,201.8 | −0.052% | — | $17.4M | — | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,210 | −0.043% | $338K | $24.7M | 52x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 85,225.1 | −0.025% | $5.12B | $10.00B | 150x | as long as short |
| Nado BTC-PERP | +0.0085% | 1h | 85,213.4 | −0.039% | $24.0M | $220.8M | 50x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,225.6 | −0.024% | $2.97B | $5.19B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,246.9 | 0.000% | $168.7M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,246.6 | 0.000% | $23.6M | $148.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,241 | −0.006% | $8.4M | $57.5M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,233.9 | −0.015% | $5.04B | $5.74B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,222.1 | −0.029% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,237.2 | −0.011% | $9.38B | $25.11B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,223 | −0.028% | $269K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,266.2 | +0.023% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,315 | +0.080% | $3.75B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,266.9 | +0.024% | $39.9M | $606.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,223.7 | −0.027% | $2.60B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,227 | −0.023% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,243.4 | −0.004% | $4.6M | $97.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,233.7 | −0.015% | $5.49B | $11.07B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,192.9 | −0.063% | $37.3M | $186.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,196.3 | −0.059% | $155.5M | $553.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,229.3 | −0.020% | $282.6M | $957.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,333.8 | +0.102% | $214.3M | $158.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,192.3 | −0.064% | $30.0M | $210.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,296.2 | +0.058% | — | $10.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,237 | −0.011% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,232.7 | −0.016% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,222 | −0.029% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,262.1 | +0.018% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,169.5 | −0.090% | $29.9M | $45.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,214.2 | −0.038% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,214 | −0.038% | $59.6M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,216.2 | −0.036% | $2.25B | $971.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,231.8 | −0.017% | $158.9M | $515.7M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,299.3 | +0.062% | $693.1M | $258.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,201.1 | −0.053% | $45.5M | $241.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,250.9 | +0.005% | — | $106.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,253.1 | +0.008% | $112.2M | $5.48B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0106% | 1h | 85,258.7 | +0.014% | $840.8M | $1.66B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0139% | 1h | 85,219.4 | −0.032% | $6.6M | $145.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0170% | 8h | 85,238 | −0.010% | $12.0M | $737.3M | 6.4x | as long as short |
| RISEx BTC/USDCshort | +0.0174% | 1h | 85,262.7 | +0.019% | $8.7M | $42.8M | 25x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,215.7 | −0.036% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-Plong | +0.0208% | 1h | 85,246.5 | long leg | $682K | $7.7M | 30x | |
| Aftermath Perps BTCUSD | +0.0296% | 1h | 85,298.4 | +0.061% | $81K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,242.6 | −0.005% | $458K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Injective BTC/USDC PERP
Bybit BTCUSDT
Nado BTC-PERP
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Perpl BTC