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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0296%/8h= −32.4% APRnext payment $0.37 per $10,000 · paid last 24h −0.044%
Price spread now: HTX against Hibachi+0.048%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$690.687% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.337%−$34 on $10k
Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.048%, 7d avg +0.055%
Together, before fees−0.363%+ Points / potential airdropHibachi: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi EUR/USDT-P1.14670.0296pay 0.0037% / 1h50m 53s$172K$8.2M30x
ShortHTX EURUSD-USDT1.14730get 0.0000% / 1h50m 53s$12K$256K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$62.16
Price spread: +0.048% → +0.055%
−$0.74
Slippage, 4 orders
−$47.73
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$131.63
Costs to cover
0.687%
Break-even
never at this rate
Slippage from Hibachi: live order book, 3 min ago; HTX: live order book, 11 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 Hibachi live order book, 3 min ago0.04 bp4.5 bp −$533.1 bp −$331doesn't fitdoesn't fit
Sell HTX live order book, 11 min ago5.23 bp32.9 bp −$33doesn't fitdoesn't fitdoesn't fit

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−0.0146%4h1.1468+0.004%$6.8M$136K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1473+0.044%$582K$280K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476+0.074%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472+0.039%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1465−0.022%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1475+0.065%$2.4M10xas long as short
HTX EURUSD-USDTshort0.0000%1h1.1473+0.048%$12K$256K20x
Nado EURUSD-PERP+0.0015%1h1.1468+0.007%$466K$154K40xas long as short
Extended EUR-USD+0.0032%1h1.1465−0.020%$6.7M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470+0.025%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1497+0.256%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1467−0.004%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1476+0.072%$12K10xas long as short
Kraken Futures PF_EURUSD+0.0119%1h1.1467−0.005%$3K50xas long as short
tradeXYZ xyz:EUR+0.0255%1h1.1475+0.065%$23.3M$1.8M50xas long as short
Hotstuff EURUSD-PERP+0.0280%1h1.1477+0.083%$33K50xas long as short
Lighter EURUSD+0.0296%1h1.1479+0.102%$2.1M$444K50xas long as short
Hibachi EUR/USDT-Plong+0.0296%1h1.1467long leg$172K$8.2M30x