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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.023%
Price spread now: Hotstuff against Extended+0.083%55s7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hotstuff is 0.083% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended EUR-USD1.14630.0032pay 0.0004% / 1h38m 39s$6.8M$1.3M100x
ShortHotstuff EURUSD-PERP1.14730.0200get 0.0025% / 1h38m 39s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Extended. 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
$35.28
Price spread: +0.083% → 0.000%
$8.33
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$33.61
Costs to cover
0.100%
Break-even
0.3 days
Slippage unknown: Extended: live order book, 5 min ago; Hotstuff: 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 Extended live order book, 5 min ago0.44 bp3.0 bp −$35.2 bp −$52doesn't fitdoesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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−0.0400%4h1.1466+0.022%$6.8M$134K100xas long as short
Kraken Futures PF_EURUSD−0.0020%1h1.1461−0.023%$3K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1482+0.159%$580K$311K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476+0.109%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472+0.075%$263K$25K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1463−0.004%$247K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1469+0.048%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1469+0.048%$12K$272K20xas long as short
Extended EUR-USDlong+0.0032%1h1.1463long leg$6.8M$1.3M100x
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.026%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1495+0.279%$241K100xas long as short
Nado EURUSD-PERP+0.0046%1h1.1467+0.031%$467K$159K40xas long as short
Pacifica EURUSD+0.0100%1h1.1468+0.040%$191K$60K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1472+0.071%$12K10xas long as short
Hotstuff EURUSD-PERPshort+0.0200%1h1.1473+0.083%$33K50x
Hibachi EUR/USDT-P+0.0224%1h1.1465+0.012%$163K$8.3M30xas long as short
tradeXYZ xyz:EUR+0.0231%1h1.1470+0.057%$23.2M$1.6M50xas long as short
Lighter EURUSD+0.0248%1h1.1475+0.104%$2.1M$432K50xas long as short