Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.030%
Price spread now: Orderly against Hibachi−0.030%7-day average +0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.030%, 7d avg +0.013%
=Together, before fees−0.013%+ Points / potential airdropHibachi: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.043% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi EUR/USDT-P | 1.1475 | 0.0040 | pay 0.0005% / 1h | 7m 28s | $193K | $8.3M | 30x |
| Short | Orderly PERP_EURUSD_USDC | 1.1472 | 0 | get 0.0000% / 8h | 2h 07m | $198K | $73K | 50x |
Hibachi EUR/USDT-P
Orderly PERP_EURUSD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$8.4
- Price spread: −0.030% → +0.013%
- −$4.27
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$27.67
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hibachi: live order book, 2 min ago; Orderly: no order-book sample. 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 Hibachi live order book, 2 min ago | 0.04 bp | 4.5 bp −$5 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0158% | 4h | 1.1477 | +0.014% | $6.8M | $135K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0132% | 1h | 1.1472 | −0.027% | $3K | — | 50x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1485 | +0.088% | $2.2M | $432K | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1489 | +0.123% | $579K | $312K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1478 | +0.023% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1476 | +0.005% | $261K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDCshort | 0.0000% | 8h | 1.1472 | −0.030% | $198K | $73K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1480 | +0.040% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1479 | +0.031% | $12K | $263K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1473 | −0.023% | $6.8M | $1.2M | 100x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Lighter EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.078% | $9K | $78K | 101x | as long as short |
| Hibachi EUR/USDT-Plong | +0.0040% | 1h | 1.1475 | long leg | $193K | $8.3M | 30x | |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1505 | +0.255% | — | $264K | 100x | as long as short |
| Nado EURUSD-PERP | +0.0060% | 1h | 1.1476 | +0.003% | $467K | $153K | 40x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1477 | +0.014% | $191K | $63K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1482 | +0.060% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0128% | 1h | 1.1481 | +0.049% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EUR | +0.0139% | 1h | 1.1482 | +0.058% | $23.3M | $1.6M | 50x | as long as short |
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Nado EURUSD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
tradeXYZ xyz:EUR