Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.062%

Price spread now: MEXC against Extended+0.041%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

Price spread, last 7 days+0.029%+$3 · spread now +0.041%, 7d avg +0.070%

Together, before fees−0.405%+ Points / potential airdropExtended: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and MEXC is 0.029% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EUR-USD	1.1467	0.0032	pay 0.0004% / 1h	54m 14s	$6.8M	$1.2M	100x
Short	MEXC EUR_USDT	1.1472	−0.0220	pay 0.0110% / 4h	1h 54m	$6.8M	$133K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee ExtendedbpFee MEXCbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$52.92
Price spread: +0.041% → +0.070%: −$2.87
Slippage, 4 orders: −$6.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$75.73
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; MEXC: live order book, 3 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 Extended live order book, 5 min ago	0.96 bp	3.7 bp −$4	6.6 bp −$66	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.44 bp	4.4 bp −$4	4.9 bp −$49	33.0 bp −$3,296	111.4 bp −$55.7K

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
Kraken Futures PF_EURUSD	−0.0228%	1h	1.1466	−0.012%	$3K	—	50x	as long as short
MEXC EUR_USDTshort	−0.0220%	4h	1.1472	+0.041%	$6.8M	$133K	100x
Bybit EURUSDUSDT	0.0000%	8h	1.1486	+0.167%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1480	+0.111%	$144K	$6K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1476	+0.076%	$261K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1467	−0.003%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1474	+0.058%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1481	+0.119%	$13K	$264K	20x	as long as short
Extended EUR-USDlong	+0.0032%	1h	1.1467	long leg	$6.8M	$1.2M	100x
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.008%	$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
Vest EUR-USD-PERP	+0.0046%	1h	1.1499	+0.279%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1473	+0.050%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1479	+0.099%	$12K	—	10x	as long as short
Nado EURUSD-PERP	+0.0119%	1h	1.1470	+0.026%	$467K	$153K	40x	as long as short
Lighter EURUSD	+0.0128%	1h	1.1481	+0.118%	$2.2M	$407K	50x	as long as short
Hibachi EUR/USDT-P	+0.0144%	1h	1.1471	+0.035%	$192K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0217%	1h	1.1474	+0.058%	$23.2M	$1.6M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0256%	1h	1.1476	+0.076%	$33K	—	50x	as long as short