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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRnext payment $0.04 per $10,000 · paid last 24h −0.010%
Price spread now: SunX against Extended+0.031%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$219as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2092.093% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.101%−$10 on $10k
Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.031%, 7d avg +0.063%
Together, before fees−0.090%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.032% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.063%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended EUR-USD1.14670.0032pay 0.0004% / 1h6m 56s$6.8M$1.3M100x
ShortSunX EURUSD-USDT1.14710get 0.0000% / 1h6m 56s$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$6.72
Price spread: +0.031% → +0.063%
−$3.24
Slippage, 4 orders
−$196.32
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$219.27
Costs to cover
2.093%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; SunX: live order book, 2 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 Extended live order book, 5 min ago0.04 bp7.5 bp −$710.3 bp −$103doesn't fitdoesn't fit
Sell SunX live order book, 2 min ago80.64 bp99.5 bp −$100doesn't fitdoesn't fitdoesn't fit

EUR on 18 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EURUSD-PERP−0.0800%1h1.1471+0.031%$33K50xas long as short
MEXC EUR_USDT−0.0154%4h1.1469+0.014%$6.8M$147K100xas long as short
Kraken Futures PF_EURUSD−0.0111%1h1.1463−0.040%$3K50xas long as short
Nado EURUSD-PERP−0.0039%1h1.1471+0.031%$191K$293K40xas long as short
Lighter EURUSD0.0000%1h1.1475+0.068%$2.1M$507K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1484+0.145%$625K$351K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1471+0.031%$144K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471+0.031%$263K$27K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1467−0.004%$247K$122K50xas long as short
SunX EURUSD-USDTshort0.0000%1h1.1471+0.031%$1.6M10x
Show all 18 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EURUSD-USDT0.0000%1h1.1471+0.031%$12K$272K20xas long as short
Extended EUR-USDlong+0.0032%1h1.1467long leg$6.8M$1.3M100x
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.009%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1499+0.278%$190K100xas long as short
tradeXYZ xyz:EUR+0.0070%1h1.1471+0.031%$23.2M$1.7M50xas long as short
Pacifica EURUSD+0.0100%1h1.1468+0.001%$196K$64K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1471+0.033%$12K10xas long as short
Hibachi EUR/USDT-P+0.0288%1h1.1468+0.003%$190K$8.3M30xas long as short