Funding you earn now, next payment 05:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h +0.034%
Price spread now: Hibachi against Bitget−0.048%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.048%, 7d avg −0.013%
=Together, before fees+0.448%+ Points / potential airdropHibachi: Active · farm board+$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hibachi is 0.034% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.376%, 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 | Bitget EURUSDUSDT | 1.1477 | 0 | get 0.0000% / 8h | 3h 40m | $253K | $20K | 100x |
| Short | Hibachi EUR/USDT-P | 1.1471 | −0.0200 | pay 0.0025% / 1h | 40m 01s | $165K | $8.3M | 30x |
Bitget EURUSDUSDT
Hibachi EUR/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Bitget. 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
- −$42
- Price spread: −0.048% → −0.013%
- −$3.45
- Slippage, 4 orders
- −$3.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$70.18
- Costs to cover
- 0.247%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Hibachi: live order book, 4 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 Bitget live order book, 5 min ago | 1.31 bp | 7.5 bp −$7 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 4 min ago | 0.04 bp | 4.6 bp −$5 | 19.9 bp −$199 | doesn't fit | doesn't fit |
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi EUR/USDT-Pshort | −0.0200% | 1h | 1.1471 | −0.048% | $165K | $8.3M | 30x | |
| Kraken Futures PF_EURUSD | −0.0179% | 1h | 1.1473 | −0.031% | $3K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0138% | 4h | 1.1478 | +0.009% | $6.8M | $132K | 100x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1485 | +0.071% | $2.1M | $415K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1481 | +0.030% | $585K | $223K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1479 | +0.017% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDTlong | 0.0000% | 8h | 1.1477 | long leg | $253K | $20K | 100x | |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1474 | −0.026% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1482 | +0.044% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1481 | +0.035% | $12K | $264K | 20x | as long as short |
Kraken Futures PF_EURUSD
MEXC EUR_USDT
Lighter EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado EURUSD-PERP | +0.0016% | 1h | 1.1478 | +0.006% | $467K | $153K | 40x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1475 | −0.018% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.092% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1506 | +0.255% | — | $265K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1478 | +0.009% | $191K | $63K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1482 | +0.043% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0144% | 1h | 1.1482 | +0.044% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EUR | +0.0188% | 1h | 1.1480 | +0.026% | $23.3M | $1.7M | 50x | as long as short |
Nado EURUSD-PERP
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
tradeXYZ xyz:EUR