Funding you earn now, next payment 04:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.027%
Price spread now: Hibachi against Vest+0.088%7-day average +0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.088%, 7d avg +0.013%
=Together, before fees−0.093%+ Points / potential airdropVest: Active · Hibachi: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hibachi is 0.075% dearer against Vest than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest ETH-PERP | 2,730 | 0.0100 | pay 0.0013% / 1h | 39m 03s | — | $843K | 50x |
| Short | Hibachi ETH/USDT-P | 2,732.4 | 0.0256 | get 0.0032% / 1h | 39m 03s | $253K | $1.4M | 20x |
Vest ETH-PERP
Hibachi ETH/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Vest. 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
- $32.76
- Price spread: +0.088% → +0.013%
- $7.48
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $29.24
- Costs to cover
- 0.110%
- Break-even
- 0.8 days
Slippage unknown: Vest: no order-book sample; Hibachi: live order book, 5 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 5 min ago | 0.02 bp | 7.4 bp −$7 | 17.3 bp −$173 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0447% | 43m | 2,728.9 | −0.041% | $297K | $5.6M | 8.3x | as long as short |
| Injective ETH/USDC PERP | −0.0141% | 1h | 2,728.7 | −0.048% | $117K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,729.2 | −0.030% | $5K | $1K | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,728.9 | −0.041% | $11.9M | — | 200x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,729.7 | −0.011% | $10.7M | $41.7M | 50x | as long as short |
| 01 Exchange ETHUSD | 0.0000% | 1h | 2,728.7 | −0.048% | $187K | $842K | 50x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,728.8 | −0.045% | $828K | $2.9M | 25x | as long as short |
| Bullet ETH-USD | +0.0004% | 1h | 2,728.4 | −0.059% | $180K | $1.7M | 20x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,728.8 | −0.045% | $26.8M | — | 200x | as long as short |
| Deribit ETH-PERPETUAL | +0.0029% | 1h | 2,728.2 | −0.067% | $260.1M | $196.6M | 50x | as long as short |
Perpl ETH
Injective ETH/USDC PERP
Hotstuff ETH-PERP
GMX ETH/USD [ETH-USDC]
dYdX ETH-USD
01 Exchange ETHUSD
Phoenix ETH
Bullet ETH-USD
gTrade (Gains Network) ETH/USD
Deribit ETH-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ETHUSDT | +0.0039% | 1h | 2,729.5 | −0.018% | $8.9M | $31.3M | 100x | as long as short |
| SoDEX ETH-USD | +0.0057% | 1h | 2,726.8 | −0.118% | $54.3M | $187.6M | 40x | as long as short |
| BingX ETH-USDT | +0.0059% | 8h | 2,728.2 | −0.067% | — | $1.14B | — | as long as short |
| KuCoin ETHUSDTM | +0.0069% | 8h | 2,728.1 | −0.071% | $380.0M | $576.2M | 100x | as long as short |
| OKX ETH-USDT-SWAP | +0.0072% | 8h | 2,729 | −0.037% | $1.67B | $10.71B | 100x | as long as short |
| HTX ETH-USDT | +0.0075% | 8h | 2,726.5 | −0.129% | $1.05B | $1.20B | 200x | as long as short |
| Aster ETHUSDT | +0.0079% | 8h | 2,729 | −0.036% | $251.3M | $844.3M | 200x | as long as short |
| Bybit ETHUSDT | +0.0084% | 8h | 2,728.9 | −0.043% | $2.39B | $4.35B | 150x | as long as short |
| MEXC ETH_USDT | +0.0088% | 8h | 2,727.2 | −0.104% | $1.52B | $2.55B | 500x | as long as short |
| Aevo ETH-PERP | +0.0088% | 1h | 2,725.4 | −0.167% | $4.9M | $155K | 20x | as long as short |
| Binance ETHUSDT | +0.0089% | 8h | 2,729.4 | −0.021% | $6.34B | $15.87B | 150x | as long as short |
| Phemex ETHUSDT | +0.0095% | 8h | 2,726.9 | −0.113% | $265.0M | $65.5M | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,727.7 | −0.086% | $112.2M | $436.4M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,728.7 | −0.047% | $23.2M | $105.8M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0056% | 1h | 2,729 | −0.036% | — | $30.6M | 500x | as long as short |
| Paradex ETH-USD-PERP | +0.0098% | 8h | 2,732.4 | +0.088% | $15.6M | $8.0M | 50x | as long as short |
| RISEx ETH/USDC | +0.0099% | 1h | 2,729.1 | −0.035% | $5.6M | $11.5M | 25x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,728.1 | −0.070% | $500K | $3.2M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,728.7 | −0.050% | $13.8M | $104.3M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,730.2 | +0.007% | $3.10B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,730.1 | +0.004% | $31.9M | $334.3M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,728.2 | −0.067% | $2.7M | $17.0M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,728.9 | −0.040% | $2.8M | $16.2M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,728.2 | −0.066% | $3.35B | $8.84B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,728.2 | −0.067% | $2.07B | $2.75B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,727.7 | −0.085% | $14.9M | $39.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,729.3 | −0.027% | $133.2M | $325.2M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,730.8 | +0.028% | $183.7M | $669.7M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,730.6 | +0.022% | $158.9M | $86.8M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,729.7 | −0.012% | $21.1M | $69.2M | 40x | as long as short |
| Vest ETH-PERPlong | +0.0100% | 1h | 2,730 | long leg | — | $843K | 50x | |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,730.4 | +0.014% | $11.1M | $9.1M | 50x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,728.7 | −0.047% | $41.2M | $29.7M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,728.1 | −0.072% | $956K | $11.4M | 100x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,730.9 | +0.032% | $166.8M | $318.0M | 25x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,726.3 | −0.136% | $30.4M | $72.6M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,728.2 | −0.066% | $51.5M | $4.26B | 50x | as long as short |
| Aftermath Perps ETHUSD | +0.0125% | 1h | 2,731.2 | +0.043% | $30K | $20K | 20x | as long as short |
| Kalshi KXETHPERP | +0.0150% | 8h | 2,729 | −0.037% | $6.5M | $678.2M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0193% | 8h | 2,729.7 | −0.012% | $32.1M | $11.6M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0222% | 1h | 2,728 | −0.073% | $7.3M | $1.2M | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0222% | 1h | 2,727.7 | −0.084% | $84.1M | $313.9M | 100x | as long as short |
| Hibachi ETH/USDT-Pshort | +0.0256% | 1h | 2,732.4 | +0.088% | $253K | $1.4M | 20x | |
| Bluefin ETH-PERP | +0.0275% | 1h | 2,728.2 | −0.068% | $21K | $20K | 25x | as long as short |
| BloFin ETH-USDT | +0.0355% | 8h | 2,727.1 | −0.108% | $282.6M | $174.6M | 150x | as long as short |
ApeX Omni ETHUSDT
SoDEX ETH-USD
BingX ETH-USDT
KuCoin ETHUSDTM
OKX ETH-USDT-SWAP
HTX ETH-USDT
Aster ETHUSDT
Bybit ETHUSDT
MEXC ETH_USDT
Aevo ETH-PERP
Binance ETHUSDT
Phemex ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Paradex ETH-USD-PERP
RISEx ETH/USDC
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
Derive ETH-PERP
SunX ETH-USDT
Bulk ETH-USD
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Aftermath Perps ETHUSD
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
Bluefin ETH-PERP
BloFin ETH-USDT