ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0272%/8h= +29.8% APRnext payment +$0.34 per $10,000 · paid last 24h +0.027%

Price spread now: Hibachi against dYdX+0.161%45s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.282% of the position

Long on dYdX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.386%−$39 on $10k

Price spread, last 7 days−0.184%−$18 · spread now +0.161%, 7d avg +0.035%

Together, before fees−0.570%+ Points / potential airdropHibachi: Active · farm board−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hibachi is 0.125% dearer against dYdX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.386%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,726.5	0	get 0.0000% / 1h	45m 35s	$10.5M	$42.9M	50x
Short	Hibachi ETH/USDT-P	2,730.9	0.0272	get 0.0034% / 1h	45m 35s	$246K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee HibachibpOrdersPrice spread, now +0.161%Rate

Funding earned: $57.12
Price spread: +0.161% → +0.035%: $12.55
Slippage, 4 orders: −$9.23
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $41.44
Costs to cover: 0.282%
Break-even: 1.9 days

Slippage from dYdX: live order book, 4 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 dYdX live order book, 4 min ago	2.20 bp	9.2 bp −$9	11.0 bp −$110	18.1 bp −$1,806	45.8 bp −$22.9K
Sell Hibachi live order book, 3 min ago	0.94 bp	5.5 bp −$6	11.5 bp −$115	doesn't fit	doesn't fit

ETH 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
Perpl ETH	−0.0112%	43m	2,725.1	−0.053%	$286K	$5.8M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0108%	1h	2,726.7	+0.007%	$8.6M	$31.5M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,726.1	−0.016%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,728.6	+0.076%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.5	−0.074%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,730	+0.127%	$817K	$3.0M	25x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,726.5	long leg	$10.5M	$42.9M	50x
Kalshi KXETHPERP	0.0000%	8h	2,725.3	−0.045%	$6.6M	$691.0M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,725.1	−0.052%	$262.5M	$214.5M	50x	as long as short
HTX ETH-USDT	+0.0006%	8h	2,724.3	−0.082%	$1.05B	$1.23B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,724.9	−0.061%	$32.9M	—	200x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,725.7	−0.030%	$191K	$892K	50x	as long as short
BingX ETH-USDT	+0.0031%	8h	2,724.9	−0.059%	—	$1.12B	—	as long as short
Bybit ETHUSDT	+0.0037%	8h	2,724.8	−0.064%	$2.34B	$4.42B	150x	as long as short
Aftermath Perps ETHUSD	+0.0069%	1h	2,728.2	+0.063%	$30K	$20K	20x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,724.8	−0.065%	$374.7M	$576.2M	100x	as long as short
SunX ETH-USDT	+0.0083%	8h	2,723.3	−0.117%	$954K	$11.1M	100x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,724.9	−0.061%	$251.7M	$850.0M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0092%	8h	2,724.9	−0.059%	$1.65B	$10.94B	100x	as long as short
SoDEX ETH-USD	+0.0094%	1h	2,725.8	−0.027%	$54.3M	$187.4M	40x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,724.8	−0.064%	$6.32B	$16.19B	150x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,724.8	−0.064%	$1.52B	$2.58B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,725.1	−0.051%	$111.6M	$433.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,726.5	0.000%	$23.4M	$102.9M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,722.4	−0.151%	$4.9M	$165K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,725	−0.056%	$507K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,728.7	+0.080%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,723.6	−0.108%	$13.9M	$105.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,727	+0.017%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,725.8	−0.025%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,725.2	−0.049%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,725.6	−0.034%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,725.9	−0.023%	$161.8M	$340.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,725.3	−0.044%	$3.27B	$8.94B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,724.7	−0.068%	$2.08B	$2.80B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.5	−0.037%	$15.0M	$42.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723.1	−0.127%	$133.0M	$326.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,725.9	−0.021%	$184.8M	$682.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,727.1	+0.023%	$158.5M	$87.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727.1	+0.021%	$21.0M	$69.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,726	−0.021%	—	$767K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,725.2	−0.049%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,724	−0.093%	$179K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,725.3	−0.046%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,726.7	+0.005%	$40.9M	$30.2M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,724.7	−0.066%	$262.6M	$65.0M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.2	−0.084%	$30.4M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,725.6	−0.034%	—	$30.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,725.6	−0.033%	$50.2M	$4.31B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,725.9	−0.023%	$5.6M	$11.8M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0187%	8h	2,727.2	+0.025%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0194%	1h	2,723.1	−0.127%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,725.3	−0.044%	$83.2M	$311.2M	100x	as long as short
Hibachi ETH/USDT-Pshort	+0.0272%	1h	2,730.9	+0.161%	$246K	$1.4M	20x
BloFin ETH-USDT	+0.0381%	8h	2,725.1	−0.052%	$282.1M	$174.9M	150x	as long as short