Settings8H · net · $10k
Funding arb · Price arb /

EUL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.001%
Price spread now: BingX against BloFin+0.279%96s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$800.802% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 4 days (all we have)−0.359%−$36 · spread now +0.279%, 7d avg +0.037%
Together, before fees−0.280%−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.241% dearer against BloFin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.037%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EUL-USDT1.43580.0081pay 0.0040% / 4h3h 31m$308K$8K25x
ShortBingX EUL-USDT1.43980.0100get 0.0050% / 4h3h 31m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$4.06
Price spread: +0.279% → +0.037%
$24.13
Slippage, 4 orders
−$58.21
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$52.02
Costs to cover
0.802%
Break-even
96.8 days
Slippage from BloFin: live order book, 63 min ago; BingX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 63 min ago1.41 bp18.3 bp −$1843.2 bp −$432doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago3.83 bp27.1 bp −$2781.5 bp −$815doesn't fitdoesn't fit

EUL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin EUL-USDTlong+0.0081%4h1.4358long leg$308K$8K25x
Aster EULUSDT+0.0100%4h1.4397+0.271%$37K$7K5xas long as short
Binance EULUSDT+0.0100%4h1.4384+0.182%$3.3M$5.2M25xas long as short
Bybit EULUSDT+0.0100%4h1.4379+0.146%$1.6M$1.3M25xas long as short
Gate EUL_USDT+0.0100%4h1.4387+0.202%$318K$717K25xas long as short
MEXC EUL_USDT+0.0100%4h1.4403+0.313%$487K$124K20xas long as short
Bitget EULUSDT+0.0100%4h1.4420+0.432%$2.2M$296K25xas long as short
BingX EUL-USDTshort+0.0100%4h1.4398+0.279%$6.6M
Variational Omni EUL+0.0100%4h1.4369+0.077%$12K$1Kas long as short
edgeX EULUSDC+0.0115%4h1.4360+0.013%$17K$273K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EUL-USDT+0.0544%4h1.4416+0.404%$131K$44K10xas long as short
KuCoin EULUSDTM+0.0646%4h1.4389+0.216%$313K$53K25xas long as short