Funding you earn now, next payment 07:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.031%
Price spread now: Pacifica against Hibachi−0.024%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 7 days+0.261%+$26 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.024%, 7d avg −0.021%
=Together, before fees+0.252%+ Points / potential airdropHibachi: Active · Pacifica: Active · farm board+$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.261%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi ETH/USDT-P | 2,733.3 | 0.0280 | pay 0.0035% / 1h | 57m 26s | $248K | $1.4M | 20x |
| Short | Pacifica ETH | 2,732.6 | 0.0100 | get 0.0013% / 1h | 57m 26s | $32.0M | $334.2M | 50x |
Hibachi ETH/USDT-P
Pacifica ETHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Hibachi. 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
- −$37.8
- Price spread: −0.024% → −0.021%
- −$0.33
- Slippage, 4 orders
- −$2.23
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$57.36
- Costs to cover
- 0.192%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 2 min ago; Pacifica: live order book, 2 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 Hibachi live order book, 2 min ago | 0.02 bp | 5.5 bp −$5 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 2 min ago | 0.18 bp | 4.2 bp −$4 | 4.3 bp −$43 | 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 | 2,732.1 | −0.043% | $294K | $5.7M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,733.9 | +0.023% | $5K | $1K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0040% | 1h | 2,733.8 | +0.020% | $117K | $22.5M | 52x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,731.2 | −0.077% | $12.0M | — | 200x | as long as short |
| Phoenix ETH | −0.0009% | 1h | 2,736 | +0.100% | $817K | $2.9M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,732.8 | −0.017% | $10.5M | $42.9M | 50x | as long as short |
| Deribit ETH-PERPETUAL | 0.0000% | 1h | 2,732.7 | −0.021% | $260.2M | $211.2M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,731.2 | −0.076% | $32.9M | — | 200x | as long as short |
| HTX ETH-USDT | +0.0010% | 8h | 2,732.1 | −0.044% | $1.05B | $1.22B | 200x | as long as short |
| BingX ETH-USDC | +0.0035% | 8h | 2,730.2 | −0.112% | — | $18.5M | — | as long as short |
Perpl ETH
Hotstuff ETH-PERP
Injective ETH/USDC PERP
GMX ETH/USD [ETH-USDC]
Phoenix ETH
dYdX ETH-USD
Deribit ETH-PERPETUAL
gTrade (Gains Network) ETH/USD
HTX ETH-USDT
BingX ETH-USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ETHUSD | +0.0040% | 1h | 2,732.2 | −0.039% | $193K | $887K | 50x | as long as short |
| Bybit ETHUSDT | +0.0042% | 8h | 2,730.2 | −0.114% | $2.35B | $4.42B | 150x | as long as short |
| SoDEX ETH-USD | +0.0063% | 1h | 2,732.2 | −0.039% | $54.4M | $187.5M | 40x | as long as short |
| KuCoin ETHUSDTM | +0.0079% | 8h | 2,731.4 | −0.069% | $375.0M | $576.6M | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.0084% | 1h | 2,734.4 | +0.042% | $30K | $20K | 20x | as long as short |
| SunX ETH-USDT | +0.0092% | 8h | 2,733.5 | +0.008% | $957K | $11.1M | 100x | as long as short |
| Aster ETHUSDT | +0.0095% | 8h | 2,731.3 | −0.072% | $253.1M | $848.4M | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0095% | 8h | 2,730.3 | −0.109% | $1.66B | $10.93B | 100x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,732.2 | −0.040% | $112.3M | $430.6M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,733.1 | −0.006% | $23.5M | $102.6M | 50x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,728.1 | −0.189% | $4.9M | $150K | 20x | as long as short |
| ApeX Omni ETHUSDT | +0.0098% | 1h | 2,734.5 | +0.045% | $8.7M | $31.5M | 100x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,730.8 | −0.090% | $508K | $3.5M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,736.7 | +0.126% | $15.3M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,731.1 | −0.078% | $14.1M | $105.5M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,733.8 | +0.020% | $3.11B | $2.05B | 25x | as long as short |
| Pacifica ETHshort | +0.0100% | 1h | 2,732.6 | −0.024% | $32.0M | $334.2M | 50x | |
| Binance ETHUSDT | +0.0100% | 8h | 2,730.9 | −0.087% | $6.33B | $16.16B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,730.8 | −0.090% | $2.7M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,731.5 | −0.063% | $1.5M | $16.2M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,735 | +0.063% | $163.2M | $327.7M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,731.1 | −0.079% | $3.28B | $8.91B | 200x | as long as short |
| MEXC ETH_USDT | +0.0100% | 8h | 2,731.2 | −0.075% | $1.53B | $2.57B | 500x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,730.3 | −0.109% | $2.08B | $2.79B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,732 | −0.046% | $15.1M | $42.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,734 | +0.027% | $134.8M | $325.9M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,731.9 | −0.050% | $185.3M | $680.7M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,735.4 | +0.078% | $159.1M | $87.6M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,734 | +0.027% | $21.0M | $70.1M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,733.2 | −0.002% | — | $879K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,732.5 | −0.028% | $11.2M | $9.5M | 50x | as long as short |
| Bullet ETH-USD | +0.0100% | 1h | 2,730.9 | −0.086% | $182K | $1.7M | 20x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,731.4 | −0.068% | $22K | $21K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,733.9 | +0.023% | $41.0M | $30.2M | 15x | as long as short |
| Phemex ETHUSDT | +0.0100% | 8h | 2,732.6 | −0.023% | $263.5M | $65.1M | 150x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,729.7 | −0.130% | $30.3M | $74.2M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,732.7 | −0.019% | — | $30.6M | 500x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,733.7 | +0.017% | $50.3M | $4.32B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0115% | 8h | 2,733.6 | +0.012% | $6.8M | $692.4M | 4.9x | as long as short |
| RISEx ETH/USDC | +0.0115% | 1h | 2,731.6 | −0.060% | $5.6M | $11.8M | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.0187% | 8h | 2,732.9 | −0.012% | $32.2M | $11.6M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0195% | 1h | 2,730.5 | −0.102% | $7.3M | $1.1M | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0210% | 1h | 2,732.5 | −0.029% | $83.5M | $311.3M | 100x | as long as short |
| Hibachi ETH/USDT-Plong | +0.0280% | 1h | 2,733.3 | long leg | $248K | $1.4M | 20x | |
| BloFin ETH-USDT | +0.0400% | 8h | 2,732 | −0.046% | $281.4M | $175.2M | 150x | as long as short |
01 Exchange ETHUSD
Bybit ETHUSDT
SoDEX ETH-USD
KuCoin ETHUSDTM
Aftermath Perps ETHUSD
SunX ETH-USDT
Aster ETHUSDT
OKX ETH-USDT-SWAP
Lighter ETH
Lighter RH ETH
Aevo ETH-PERP
ApeX Omni ETHUSDT
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Binance ETHUSDT
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Gate ETH_USDT
MEXC ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bullet ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
Phemex ETHUSDT
Extended ETH-USD
Jupiter Perps ETH-PERP
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
RISEx ETH/USDC
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
BloFin ETH-USDT