Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.029%
Price spread now: Hibachi against Jupiter Perps+0.022%7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.022%, 7d avg +0.030%
=Together, before fees+0.137%+ Points / potential airdropHibachi: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Jupiter Perps WBTC-PERP | 85,509.5 | L +0.0104% / S +0.0048% | pay 0.0013% / 1h | 1m 50s | — | $106.9M | 500x |
| Short | Hibachi BTC/USDT-P | 85,527.9 | 0.0240 | get 0.0030% / 1h | 1m 50s | $692K | $8.0M | 30x |
Jupiter Perps WBTC-PERP
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Jupiter Perps. 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
- $28.56
- Price spread: +0.022% → +0.030%
- −$0.8
- Slippage, 4 orders
- no order book: not counted
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $6.76
- Costs to cover
- 0.210%
- Break-even
- 5.3 days
Slippage unknown: Jupiter Perps: no order-book sample; Hibachi: live order book, 2 min ago. Net counts fees only.
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 Jupiter Perps no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 2 min ago | 0.01 bp | 4.5 bp −$5 | 5.0 bp −$50 | 41.4 bp −$4,142 | doesn't fit |
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0111% | 1h | 85,577 | +0.079% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,524 | +0.017% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0051% | 8h | 85,480.9 | −0.033% | $929.0M | $772.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,490.3 | −0.022% | $417.7M | $683.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 85,483.3 | −0.031% | $514.0M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,498.4 | −0.013% | $354K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,490.7 | −0.022% | $527K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0003% | 1h | 85,489.8 | −0.023% | $16.8M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,493.7 | −0.018% | $36.5M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,514 | +0.005% | $339K | $26.8M | 52x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0035% | 1h | 85,524.2 | +0.017% | $869.0M | $1.62B | 50x | as long as short |
| Nado BTC-PERP | +0.0042% | 1h | 85,480.1 | −0.034% | $24.7M | $222.6M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,505.6 | −0.005% | $188.3M | $954.3M | 100x | as long as short |
| BingX BTC-USDT | +0.0070% | 8h | 85,488.7 | −0.024% | — | $1.56B | — | as long as short |
| Phemex BTCUSDT | +0.0083% | 8h | 85,493.3 | −0.019% | $149.2M | $507.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0087% | 8h | 85,489.1 | −0.024% | $2.96B | $5.18B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,500.2 | −0.011% | $171.3M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,499.6 | −0.012% | $23.7M | $149.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,491 | −0.022% | $8.4M | $55.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,482.1 | −0.032% | $2.4M | $6.7M | 20x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,531 | +0.025% | $117.1M | $5.46B | 50x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,491 | −0.022% | $5.01B | $5.77B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,491 | −0.022% | $9.45B | $24.93B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,461 | −0.057% | $236K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,531 | +0.025% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,570 | +0.071% | $3.76B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,514.4 | +0.006% | $40.0M | $598.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,485.7 | −0.028% | $5.15B | $9.98B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,489.9 | −0.023% | $2.59B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,485 | −0.029% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,490.4 | −0.022% | $4.6M | $98.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,488.4 | −0.025% | $5.51B | $11.11B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,479.6 | −0.035% | $36.6M | $179.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,535.9 | +0.031% | $155.0M | $560.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,528.5 | +0.022% | $280.1M | $953.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,535.3 | +0.030% | $214.9M | $167.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,528 | +0.022% | $139.8M | $314.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,537.1 | +0.032% | $30.2M | $207.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,551.9 | +0.050% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,487 | −0.026% | $11.0M | $14.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,488 | −0.025% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,491 | −0.022% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,528.6 | +0.022% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,469 | −0.047% | $30.0M | $47.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,467.2 | −0.049% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,489 | −0.024% | $59.8M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,481.1 | −0.033% | $2.26B | $941.9M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,476.9 | −0.038% | $684.3M | $499.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,464.7 | −0.052% | $44.5M | $240.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERPlong | L +0.0104% / S +0.0048% | 1h | 85,509.5 | long leg | — | $106.9M | 500x | |
| Reya BTCRUSDPERP | +0.0121% | 1h | 85,484.4 | −0.029% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,494.4 | −0.018% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,517 | +0.009% | $11.5M | $743.9M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0234% | 1h | 85,518.7 | +0.011% | $79K | $228K | 20x | as long as short |
| Hibachi BTC/USDT-Pshort | +0.0240% | 1h | 85,527.9 | +0.022% | $692K | $8.0M | 30x | |
| RISEx BTC/USDC | +0.0257% | 1h | 85,512.8 | +0.004% | $8.8M | $43.2M | 25x | as long as short |
Deribit BTC-PERPETUAL
Nado BTC-PERP
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Coinbase International BTC-PERP-INTX
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
ApeX Omni BTCUSDT
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
Bulk BTC-USD
Extended BTC-USD
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
RISEx BTC/USDC