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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.7% APRnext payment $0.25 per $10,000 · paid last 24h −0.080%
Price spread now: Kraken Futures against Aevo−0.098%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.098% cheaper against Aevo than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo EURUSD-PERP1.14750.0104pay 0.0013% / 1h16m 57s$12K10x
ShortKraken Futures PF_EURUSD1.1463−0.0095pay 0.0012% / 1h16m 57s$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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
−$41.69
Price spread: −0.098% → 0.000%
−$9.84
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$77.53
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Kraken Futures no order-book sample
Aevo and Kraken Futures: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EUR_USDT−0.0144%4h1.1466−0.076%$6.8M$153K100xas long as short
Kraken Futures PF_EURUSDshort−0.0095%1h1.1463−0.098%$3K50x
Bybit EURUSDUSDT0.0000%8h1.1472−0.020%$584K$279K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1482+0.064%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471−0.032%$250K$26K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1463−0.102%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1471−0.032%$2.6M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1469−0.050%$13K$258K20xas long as short
Nado EURUSD-PERP+0.0010%1h1.1466−0.076%$466K$265K40xas long as short
Lighter EURUSD+0.0016%1h1.1476+0.008%$2.1M$534K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EUR-USD+0.0032%1h1.1464−0.095%$6.7M$1.7M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470−0.037%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1495+0.180%$287K100xas long as short
Pacifica EURUSD+0.0100%1h1.1464−0.090%$190K$146K50xas long as short
Aevo EURUSD-PERPlong+0.0104%1h1.1475long leg$12K10x
Hotstuff EURUSD-PERP+0.0112%1h1.1473−0.015%$33K50xas long as short
tradeXYZ xyz:EUR+0.0187%1h1.1471−0.032%$23.2M$2.4M50xas long as short
Hibachi EUR/USDT-P+0.0208%1h1.1467−0.069%$168K$8.4M30xas long as short