After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.051%7d average−0.022%fees + slippage, in and out−$25spread needed0.251%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi ETH/USDT-P | 2,761.7 | 0.0072 | pay 0.0009% / 1h | 3m 39s | $293K | $1.3M | 20x |
| Short | Bulk ETH-USD | 2,760.3 | 0.0100 | get 0.0013% / 1h | 3m 39s | $154.5M | $270.8M | 25x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$5.09
- Funding while held
- $0.84
- Slippage, 4 orders
- −$9.13
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$29.38
- Spread needed to break even
- 0.251%
Slippage from Hibachi: live order book, 2 min ago; Bulk: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0028%
- Per $10,000 a day
- +$0.84
- Average in range /8h
- —
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, 2 min ago | 2.37 bp | 10.7 bp −$11 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 2 min ago | 0.02 bp | 3.5 bp −$4 | 3.5 bp −$35 | 4.2 bp −$420 | 6.0 bp −$2,985 |
ETH price on every exchange
against the cheapest. Click to use as the short leg.ETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Derive ETH-PERP | −0.214% | +0.0290% | 1h | $42.8M | $27.7M | 15x | as long as short |
| Aftermath Perps ETHUSD | −0.170% | +0.0317% | 1h | $29K | $27K | 20x | as long as short |
| Aevo ETH-PERP | −0.156% | +0.0096% | 1h | $5.0M | $732K | 20x | as long as short |
| Reya ETHRUSDPERP | −0.126% | +0.0163% | 1h | $7.3M | $970K | 25x | as long as short |
| Perpl ETH | −0.115% | −0.0447% | 43m | $410K | $5.9M | 8.3x | as long as short |
| Ondo Perps ETH-USD.P | −0.102% | +0.0100% | 1h | $3.1M | $14.4M | 25x | as long as short |
| Hotstuff ETH-PERP | −0.102% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| Polymarket Perps ETH-USD | −0.099% | +0.0100% | 1h | $10.8M | $5.4M | 50x | as long as short |
| Gate ETH_USDT | −0.093% | −0.0050% | 8h | $3.39B | $9.06B | 200x | as long as short |
| Bullet ETH-USD | −0.092% | +0.0026% | 1h | $193K | $1.9M | 20x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX ETH-USDT | −0.091% | +0.0100% | 8h | $951K | $14.8M | 100x | as long as short |
| BingX ETH-USDC | −0.089% | +0.0100% | 8h | — | $16.9M | — | as long as short |
| OKX ETH-USDT-SWAP | −0.089% | +0.0012% | 8h | $1.71B | $11.31B | 100x | as long as short |
| Katana Perps ETH-USD | −0.084% | +0.0100% | 8h | $474K | $2.1M | 50x | as long as short |
| Vest ETH-PERP | −0.082% | +0.0100% | 1h | — | $1.2M | 50x | as long as short |
| Extended ETH-USD | −0.080% | +0.0104% | 1h | $32.8M | $75.4M | 50x | as long as short |
| Binance ETHUSDT | −0.078% | +0.0092% | 8h | $6.58B | $15.73B | 150x | as long as short |
| Arcus ETH-USD | −0.078% | +0.0100% | 1h | $2.5M | $15.8M | 25x | as long as short |
| 01 Exchange ETHUSD | −0.077% | 0.0000% | 1h | $180K | $1.2M | 50x | as long as short |
| BloFin ETH-USDT | −0.077% | +0.0213% | 8h | $294.7M | $181.2M | 150x | as long as short |
| HTX ETH-USDT | −0.076% | +0.0078% | 8h | $1.09B | $1.20B | 200x | as long as short |
| MEXC ETH_USDT | −0.076% | +0.0093% | 8h | $1.53B | $2.52B | 500x | as long as short |
| RISEx ETH/USDC | −0.074% | +0.0171% | 1h | $5.8M | $13.5M | 25x | as long as short |
| Aster ETHUSDT | −0.070% | +0.0100% | 8h | $270.2M | $862.9M | 200x | as long as short |
| SoDEX ETH-USD | −0.066% | +0.0002% | 1h | $55.7M | $161.7M | 40x | as long as short |
| Phemex ETHUSDT | −0.064% | +0.0020% | 8h | $266.6M | $67.0M | 150x | as long as short |
| dYdX ETH-USD | −0.062% | +0.0070% | 1h | $16.2M | $33.0M | 50x | as long as short |
| Bitget ETHUSDT | −0.060% | +0.0064% | 8h | $2.11B | $3.17B | 150x | as long as short |
| KuCoin ETHUSDTM | −0.059% | +0.0100% | 8h | $404.7M | $678.4M | 100x | as long as short |
| Lighter ETH | −0.059% | +0.0096% | 1h | $119.2M | $512.0M | 50x | as long as short |
| Bybit ETHUSDT | −0.055% | +0.0100% | 8h | $2.52B | $4.47B | 150x | as long as short |
| edgeX ETHUSDC | −0.052% | +0.0100% | 4h | $176.6M | $745.9M | 100x | as long as short |
| Bulk ETH-USDshort | −0.051% | +0.0100% | 1h | $154.5M | $270.8M | 25x | |
| ApeX Omni ETHUSDT | −0.047% | +0.0016% | 1h | $7.7M | $27.7M | 100x | as long as short |
| Pacifica ETH | −0.045% | +0.0100% | 1h | $31.1M | $212.7M | 50x | as long as short |
| Backpack ETH_USDC_PERP | −0.045% | +0.0100% | 1h | $15.2M | $40.1M | 50x | as long as short |
| StandX ETH-USD | −0.041% | +0.0100% | 1h | $21.2M | $51.4M | 40x | as long as short |
| Injective ETH/USDC PERP | −0.041% | +0.0067% | 1h | $119K | $22.5M | 52x | as long as short |
| Lighter RH ETH | −0.031% | +0.0096% | 1h | $26.0M | $120.9M | 50x | as long as short |
| Kalshi KXETHPERP | −0.030% | 0.0000% | 8h | $9.0M | $545.2M | 4.9x | as long as short |
| Phoenix ETH | −0.026% | +0.0050% | 1h | $1.4M | $2.4M | 25x | as long as short |
| Bluefin ETH-PERP | −0.016% | +0.0100% | 1h | $21K | $26K | 25x | as long as short |
| Jupiter Perps ETH-PERP | −0.015% | L +0.0096% / S +0.0048% | 1h | — | $44.9M | 500x | as long as short |
| GMX ETH/USD [ETH-USDC] | −0.009% | L +0.0020% / S +0.0013% | 1h | $12.1M | — | 200x | as long as short |
| gTrade (Gains Network) ETH/USD | −0.005% | L +0.0006% / S −0.0006% | 1h | $22.3M | — | 200x | as long as short |
| Hibachi ETH/USDT-Plong | 0.000% | +0.0072% | 1h | $293K | $1.3M | 20x | |
| Kraken Futures PF_ETHUSD | +0.006% | +0.0348% | 1h | $87.3M | $315.3M | 100x | as long as short |
| Deribit ETH-PERPETUAL | +0.026% | +0.0250% | 1h | $259.4M | $217.2M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.028% | +0.0088% | 1h | $61.0M | $4.82B | 50x | as long as short |
| Orderly PERP_ETH_USDC | +0.031% | +0.0203% | 8h | $32.4M | $10.8M | 100x | as long as short |
| Variational Omni ETH | +0.034% | +0.0100% | 8h | $154.5M | $303.9M | — | as long as short |
| Hyperliquid ETH | +0.078% | +0.0392% | 1h | $3.33B | $2.20B | 25x | as long as short |
| Paradex ETH-USD-PERP | +0.092% | +0.0100% | 8h | $14.6M | $11.6M | 50x | as long as short |
| Nado ETH-PERP | +0.093% | +0.0100% | 1h | $18.1M | $113.9M | 50x | as long as short |
Bulk ETH-USD
Derive
Polymarket Perps
Gate
Bullet
SunX
BingX
OKX
Katana Perps
Extended
Binance
BloFin
HTX
MEXC
RISEx
Aster
SoDEX
Phemex
Bitget
KuCoin
Lighter
Bybit
ApeX Omni
Pacifica
Backpack
StandX
Injective
Lighter RH
Phoenix
Bluefin
GMX
gTrade (Gains Network)
Kraken Futures
Deribit
Coinbase International
Variational Omni
Hyperliquid
Paradex