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−0.1120%/8h= −122.6% APRnext payment $1.40 per $10,000 · paid last 24h −0.017%
Price spread now: Hotstuff against Hibachi+0.003%668s7-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 airdropHibachi: Active · Hotstuff: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$34 a day on $10k at the current rate. The two prices were read 668 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi EUR/USDT-P1.14710.0320pay 0.0040% / 1h47m 33s$156K$8.1M30x
ShortHotstuff EURUSD-PERP1.1471−0.0800pay 0.0100% / 1h47m 33s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Hibachi. 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
−$235.2
Price spread: +0.003% → 0.000%
$0.31
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$248.89
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Hibachi: 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 Hibachi live order book, 5 min ago0.04 bp4.6 bp −$517.4 bp −$174doesn'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 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-PERPshort−0.0800%1h1.1471+0.003%$33K50x
MEXC EUR_USDT−0.0146%4h1.1468−0.023%$6.8M$142K100xas long as short
Kraken Futures PF_EURUSD−0.0111%1h1.1463−0.067%$3K50xas long as short
Nado EURUSD-PERP−0.0032%1h1.14710.000%$191K$295K40xas long as short
Lighter EURUSD0.0000%1h1.1474+0.026%$2.1M$507K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1483+0.109%$625K$350K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1473+0.021%$144K$3K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1469−0.014%$263K$27K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1467−0.032%$247K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1471+0.003%$1.7M10xas long as short
Show all 18 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EURUSD-USDT0.0000%1h1.1476+0.047%$12K$272K20xas long as short
Extended EUR-USD+0.0032%1h1.1465−0.052%$6.8M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.037%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1499+0.247%$202K100xas long as short
tradeXYZ xyz:EUR+0.0061%1h1.1470−0.006%$23.2M$1.9M50xas long as short
Pacifica EURUSD+0.0100%1h1.1466−0.039%$196K$64K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1471+0.006%$12K10xas long as short
Hibachi EUR/USDT-Plong+0.0320%1h1.1471long leg$156K$8.1M30x