EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0408%/8h= −44.7% APRnext payment −$0.51 per $10,000 · paid last 24h −0.016%

Price spread now: Lighter against Hibachi+0.026%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

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

costs, in and out, $10k−$180.185% of the position

Long on Hibachi Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.346%−$35 on $10k

Price spread, last 7 days+0.038%+$4 · spread now +0.026%, 7d avg +0.066%

Together, before fees−0.309%+ Points / potential airdropHibachi: Active · Lighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter is 0.041% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi EUR/USDT-P	1.1443	0.0408	pay 0.0051% / 1h	36m 43s	$163K	$8.4M	30x
Short	Lighter EURUSD	1.1446	0	get 0.0000% / 1h	36m 43s	$2.1M	$537K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee HibachibpFee LighterbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$85.68
Price spread: +0.026% → +0.066%: −$4.05
Slippage, 4 orders: −$9.47
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$108.2
Costs to cover: 0.185%
Break-even: never at this rate

Slippage from Hibachi: live order book, 2 min ago; Lighter: live order book, 5 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 Hibachi live order book, 2 min ago	0.04 bp	4.6 bp −$5	23.1 bp −$231	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.92 bp	5.4 bp −$5	9.7 bp −$97	38.7 bp −$3,874	doesn't fit

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
MEXC EUR_USDT	−0.0400%	4h	1.1442	−0.012%	$6.8M	$139K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0131%	1h	1.1437	−0.052%	$3K	—	50x	as long as short
Lighter EURUSDshort	0.0000%	1h	1.1446	+0.026%	$2.1M	$537K	50x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1438	−0.047%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1445	+0.014%	—	$2.3M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1450	+0.058%	$12K	$273K	20x	as long as short
Bitget EURUSDUSDT	+0.0019%	8h	1.1470	+0.233%	$263K	$25K	100x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1439	−0.037%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.201%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1471	+0.238%	—	$224K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica EURUSD	+0.0100%	1h	1.1438	−0.044%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1443	−0.004%	$12K	—	10x	as long as short
Nado EURUSD-PERP	+0.0121%	1h	1.1442	−0.013%	$465K	$159K	40x	as long as short
Gate EURUSD_USDT	+0.0200%	8h	1.1461	+0.154%	$143K	$3K	100x	as long as short
tradeXYZ xyz:EUR	+0.0298%	1h	1.1443	−0.003%	$23.2M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0328%	1h	1.1447	+0.032%	$33K	—	50x	as long as short
Hibachi EUR/USDT-Plong	+0.0408%	1h	1.1443	long leg	$163K	$8.4M	30x
Bybit EURUSDUSDT	+0.1940%	8h	1.1475	+0.273%	$579K	$308K	100x	as long as short