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Price arb /

ETH

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$23
spread now+0.040%7d average−0.028%fees + slippage, in and out−$30spread needed0.301%
Long on HibachiShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi ETH/USDT-P2,7270.0272pay 0.0034% / 1h37m 30s$302K$1.2M20x
ShortKuCoin ETHUSDTM2,728.10.0100get 0.0100% / 8h1h 37m$395.0M$667.2M100x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$4.01
Funding while held
−$5.16
Slippage, 4 orders
−$9.06
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$31.2
Spread needed to break even
0.301%
Slippage from Hibachi: live order book, 3 min ago; KuCoin: live order book, 8 min ago.

Cost of waiting

funding view
Funding /8h
−0.0172%
Per $10,000 a day
−$5.16
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 3 min ago2.44 bp9.7 bp −$1020.4 bp −$204doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago0.02 bp6.4 bp −$67.6 bp −$7611.1 bp −$1,107doesn't fit

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Bulk2,719.6cheapestVariational Omni2,723.1+0.128%Nado2,724+0.162%Aftermath Perps2,724.6+0.183%Injective2,724.6+0.184%Aevo2,724.8+0.191%edgeX2,725.1+0.201%Perpl2,725.1+0.203%Kalshi2,725.8+0.228%Backpack2,726.4+0.248%HTX2,726.4+0.249%SunX2,726.6+0.258%ApeX Omni2,726.7+0.262%GMX2,726.8+0.264%Bluefin2,726.9+0.268%StandX2,726.9+0.268%Phemex2,726.9+0.268%
Hibachi2,727+0.272%
Hotstuff2,727+0.272%SoDEX2,727+0.272%gTrade (Gains Network)2,727+0.272%Jupiter Perps2,727+0.273%BloFin2,727.1+0.277%Coinbase International2,727.9+0.304%Phoenix2,727.9+0.305%BingX2,728+0.310%
KuCoin2,728.1+0.312%
MEXC2,728.2+0.315%Kraken Futures2,728.2+0.317%Extended2,728.3+0.318%dYdX2,728.4+0.324%Aster2,728.4+0.324%Deribit2,728.6+0.331%Pacifica2,728.7+0.335%Lighter2,728.8+0.339%Katana Perps2,729+0.346%Gate2,729.2+0.353%Orderly2,729.4+0.362%Binance2,729.7+0.370%OKX2,729.8+0.374%Vest2,729.9+0.378%Lighter RH2,730.2+0.389%Bybit2,730.2+0.391%RISEx2,730.4+0.397%Arcus2,730.5+0.402%Reya2,730.8+0.412%Polymarket Perps2,730.9+0.416%Paradex2,730.9+0.416%Ondo Perps2,731.3+0.430%Bitget2,731.3+0.431%Bullet2,731.7+0.443%Derive2,732.4+0.469%Hyperliquid2,732.4+0.471%01 Exchange2,732.4+0.471%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk ETH-USD−0.271%+0.0100%1h$148.8M$275.4M25xas long as short
Variational Omni ETH−0.144%+0.0100%8h$153.0M$293.1M—as long as short
Nado ETH-PERP−0.109%+0.0100%1h$19.0M$111.5M50xas long as short
Aftermath Perps ETHUSD−0.089%+0.0243%1h$29K$34K20xas long as short
Injective ETH/USDC PERP−0.087%−0.0112%1h$117K$22.5M52xas long as short
Aevo ETH-PERP−0.080%+0.0096%1h$4.9M$776K20xas long as short
edgeX ETHUSDC−0.071%+0.0100%4h$192.5M$671.0M100xas long as short
Perpl ETH−0.069%−0.0335%43m$174K$5.3M8.3xas long as short
Kalshi KXETHPERP−0.043%0.0000%8h$4.7M$486.0M4.9xas long as short
Backpack ETH_USDC_PERP−0.023%+0.0051%1h$15.5M$39.1M50xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX ETH-USDT−0.023%+0.0100%8h$1.08B$1.14B200xas long as short
SunX ETH-USDT−0.014%+0.0100%8h$941K$14.1M100xas long as short
ApeX Omni ETHUSDT−0.010%+0.0064%1h$7.6M$27.5M100xas long as short
GMX ETH/USD [ETH-USDC]−0.008%L +0.0016% / S +0.0014%1h$11.7M—200xas long as short
Bluefin ETH-PERP−0.004%+0.0350%1h$19K$24K25xas long as short
StandX ETH-USD−0.003%+0.0100%1h$20.9M$54.8M40xas long as short
Phemex ETHUSDT−0.003%+0.0053%8h$263.6M$65.7M150xas long as short
Hibachi ETH/USDT-Plong0.000%+0.0272%1h$302K$1.2M20x
Hotstuff ETH-PERP+0.001%−0.0080%1h$5K$1K50xas long as short
SoDEX ETH-USD+0.001%+0.0100%1h$55.5M$139.8M40xas long as short
gTrade (Gains Network) ETH/USD+0.001%L +0.0006% / S −0.0006%1h$22.1M—200xas long as short
Jupiter Perps ETH-PERP+0.001%L +0.0096% / S +0.0048%1h—$41.6M500xas long as short
BloFin ETH-USDT+0.006%+0.0220%8h$293.5M$172.6M150xas long as short
Coinbase International ETH-PERP-INTX+0.033%+0.0056%1h$61.1M$4.70B50xas long as short
Phoenix ETH+0.034%+0.0070%1h$1.4M$2.4M25xas long as short
BingX ETH-USDC+0.038%+0.0100%8h—$16.1M—as long as short
KuCoin ETHUSDTMshort+0.040%+0.0100%8h$395.0M$667.2M100x
MEXC ETH_USDT+0.043%+0.0100%8h$1.54B$2.34B500xas long as short
Kraken Futures PF_ETHUSD+0.045%+0.0261%1h$85.2M$314.1M100xas long as short
Extended ETH-USD+0.047%+0.0104%1h$32.8M$72.7M50xas long as short
dYdX ETH-USD+0.052%+0.0408%1h$20.6M$26.0M50xas long as short
Aster ETHUSDT+0.053%+0.0100%8h$269.0M$813.5M200xas long as short
Deribit ETH-PERPETUAL+0.060%+0.0285%1h$259.9M$210.3M50xas long as short
Pacifica ETH+0.063%+0.0100%1h$30.9M$189.0M50xas long as short
Lighter ETH+0.067%+0.0096%1h$118.2M$473.2M50xas long as short
Katana Perps ETH-USD+0.074%+0.0100%8h$479K$1.9M50xas long as short
Gate ETH_USDT+0.081%−0.0039%8h$3.68B$8.37B200xas long as short
Orderly PERP_ETH_USDC+0.090%+0.0212%8h$32.0M$11.1M100xas long as short
Binance ETHUSDT+0.098%+0.0100%8h$6.58B$14.60B150xas long as short
OKX ETH-USDT-SWAP+0.102%+0.0015%8h$1.71B$10.60B100xas long as short
Vest ETH-PERP+0.106%+0.0100%1h—$1.2M50xas long as short
Lighter RH ETH+0.118%+0.0096%1h$25.8M$115.9M50xas long as short
Bybit ETHUSDT+0.119%+0.0100%8h$2.43B$4.28B150xas long as short
RISEx ETH/USDC+0.125%+0.0266%1h$6.0M$13.6M25xas long as short
Arcus ETH-USD+0.130%+0.0100%1h$2.4M$14.6M25xas long as short
Reya ETHRUSDPERP+0.140%+0.0149%1h$7.3M$916K25xas long as short
Polymarket Perps ETH-USD+0.144%+0.0100%1h$10.8M$4.9M50xas long as short
Paradex ETH-USD-PERP+0.144%+0.0099%8h$14.1M$11.3M50xas long as short
Ondo Perps ETH-USD.P+0.158%+0.0258%1h$3.2M$12.9M25xas long as short
Bitget ETHUSDT+0.159%+0.0078%8h$2.13B$2.97B150xas long as short
Bullet ETH-USD+0.171%+0.0074%1h$183K$1.9M20xas long as short
Derive ETH-PERP+0.197%+0.0744%1h$42.4M$22.0M15xas long as short
Hyperliquid ETH+0.199%+0.0178%1h$3.18B$2.07B25xas long as short
01 Exchange ETHUSD+0.199%+0.0440%1h$187K$1.0M50xas long as short