Funding you earn now, next payment 10:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h +0.029%
Price spread now: Hibachi against RISEx+0.084%7-day average +0.029% · 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−$42as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 4 days (all we have)+0.129%+$13 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.084%, 7d avg +0.029%
=Together, before fees+0.061%+ Points / potential airdropHibachi: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hibachi is 0.055% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BTC/USDC | 86,037.6 | 0.0204 | pay 0.0026% / 1h | 56m 05s | $8.9M | $40.1M | 25x |
| Short | Hibachi BTC/USDT-P | 86,110.1 | 0.0280 | get 0.0035% / 1h | 56m 05s | $694K | $7.4M | 30x |
RISEx BTC/USDC
Hibachi BTC/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against RISEx. 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
- $15.87
- Price spread: +0.084% → +0.029%
- $5.48
- Slippage, 4 orders
- −$32.04
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$25.69
- Costs to cover
- 0.470%
- Break-even
- 18.3 days
Slippage from RISEx: 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 RISEx live order book, 3 min ago | 0.01 bp | 3.0 bp −$3 | 3.0 bp −$30 | 11.8 bp −$1,176 | doesn't fit |
| Sell Hibachi live order book, 3 min ago | 0.01 bp | 21.6 bp −$22 | 699.0 bp −$6,990 | doesn't fit | doesn't fit |
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.2473% | 1h | 86,008.5 | −0.034% | $195K | $646K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,076 | +0.045% | $8K | $2K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0065% | 1h | 85,924 | −0.132% | $300K | $25.2M | 52x | as long as short |
| 01 Exchange BTCUSD | −0.0064% | 1h | 86,010.8 | −0.031% | $359K | $2.1M | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,084.1 | +0.054% | $422.1M | $623.5M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 86,054.1 | +0.019% | $16.9M | $17.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,207.1 | +0.197% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0036% | 8h | 85,979.6 | −0.067% | $936.6M | $665.5M | 125x | as long as short |
| Bybit BTCUSDT | +0.0038% | 8h | 85,889.6 | −0.172% | $5.09B | $9.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0044% | 1h | 85,971 | −0.077% | $60.2M | $257.7M | 40x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
Injective BTC/USDC PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Bybit BTCUSDT
SoDEX BTC-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0046% | 8h | 85,943.5 | −0.109% | $503.1M | $969.1M | 200x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 86,147 | +0.127% | $2.2M | $8.5M | 40x | as long as short |
| BingX BTC-USDC | +0.0078% | 8h | 85,933 | −0.122% | — | $16.6M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,988.9 | −0.057% | $172.5M | $868.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,987.2 | −0.059% | $23.4M | $121.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,009 | −0.033% | $8.5M | $52.3M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,986.9 | −0.059% | $2.4M | $6.7M | 20x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,075.7 | +0.044% | $6.0M | $8.6M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,988 | −0.058% | $229K | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,007.8 | −0.035% | $21.5M | $211.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,033 | −0.005% | $3.86B | $4.77B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,062 | +0.028% | $40.6M | $587.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,900.6 | −0.159% | $9.45B | $23.05B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,874.6 | −0.189% | $2.60B | $10.70B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,028 | −0.011% | $4.0M | $16.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,051.9 | +0.017% | $4.7M | $93.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,960.9 | −0.089% | $5.46B | $9.04B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,962.8 | −0.087% | $5.12B | $5.27B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,943.2 | −0.110% | $2.97B | $4.53B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,942.8 | −0.110% | $36.6M | $188.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,123.1 | +0.099% | $158.4M | $509.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,149.5 | +0.130% | $290.2M | $980.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,189.5 | +0.177% | $216.5M | $141.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,191.9 | +0.179% | $137.2M | $302.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,058.3 | +0.024% | $30.3M | $213.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,098.4 | +0.071% | — | $10.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,020 | −0.020% | $11.0M | $13.4M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,001 | −0.043% | $205K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,989.1 | −0.056% | $2.6M | $9.4M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,983 | −0.063% | $3.2M | $7.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,957.4 | −0.093% | $2.27B | $910.2M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,972 | −0.076% | $167.3M | $494.9M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,993 | −0.052% | $711.2M | $175.6M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0102% | 1h | 85,981.5 | −0.065% | $188.5M | $862.6M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,953.3 | −0.098% | $46.5M | $219.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,104.5 | +0.078% | — | $93.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,016 | −0.025% | $112.4M | $5.22B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0155% | 1h | 85,958.3 | −0.092% | $6.6M | $131.8M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0182% | 8h | 86,058 | +0.024% | $10.4M | $728.5M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0183% | 1h | 86,019.5 | −0.021% | $13.2M | — | 200x | as long as short |
| RISEx BTC/USDClong | +0.0204% | 1h | 86,037.6 | long leg | $8.9M | $40.1M | 25x | |
| Hibachi BTC/USDT-Pshort | +0.0280% | 1h | 86,110.1 | +0.084% | $694K | $7.4M | 30x | |
| Deribit BTC-PERPETUAL | +0.0367% | 1h | 86,052.1 | +0.017% | $837.9M | $1.62B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0417% | 1h | 86,136.8 | +0.115% | $80K | $253K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,980.6 | −0.066% | $484K | $16.4M | 6.7x | as long as short |
Aster BTCUSDT
Phoenix BTC
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Kraken Futures PF_XBTUSD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD
Perpl BTC