Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bybit−0.075%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2252.253% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.075%, 7d avg +0.025%

Together, before fees+0.307%+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.100% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1475	0	get 0.0000% / 8h	12m 07s	$579K	$311K	100x
Short	SunX EURUSD-USDT	1.1466	0	get 0.0000% / 1h	12m 07s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee SunXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → +0.025%: −$10.02
Slippage, 4 orders: −$206.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$235.31
Costs to cover: 2.253%
Break-even: never at this rate

Slippage from Bybit: live order book, 18 min ago; SunX: live order book, 5 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 Bybit live order book, 18 min ago	6.14 bp	12.2 bp −$12	44.3 bp −$443	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	81.10 bp	99.7 bp −$100	doesn't fit	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
MEXC EUR_USDT	−0.0200%	4h	1.1461	−0.119%	$6.8M	$139K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1458	−0.143%	$3K	—	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1475	long leg	$579K	$311K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1471	−0.031%	$143K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.023%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1457	−0.153%	$247K	$122K	50x	as long as short
SunX EURUSD-USDTshort	0.0000%	1h	1.1466	−0.075%	—	$2.4M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1465	−0.084%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1457	−0.154%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.071%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0046%	1h	1.1460	−0.131%	$466K	$159K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1489	+0.123%	—	$241K	100x	as long as short
Lighter EURUSD	+0.0096%	1h	1.1468	−0.060%	$2.1M	$449K	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1457	−0.151%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1465	−0.083%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0223%	1h	1.1467	−0.066%	$23.2M	$1.7M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0224%	1h	1.1467	−0.066%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0224%	1h	1.1458	−0.141%	$166K	$8.4M	30x	as long as short