Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0588%/8h= −64.4% APRpaid last 24h −0.085%

Price spread now: MEXC against Hibachi−0.072%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Hibachi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.716%−$72 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.072%, 7d avg +0.045%

Together, before fees−0.614%+ Points / potential airdropHibachi: Active · farm board−$61 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and MEXC is 0.117% cheaper against Hibachi than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi EUR/USDT-P	1.1459	0.0448	pay 0.0056% / 1h	53m 57s	$159K	$8.4M	30x
Short	MEXC EUR_USDT	1.1451	−0.0140	pay 0.0070% / 4h	2h 53m	$6.8M	$140K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$123.48
Price spread: −0.072% → +0.045%: −$11.72
Slippage, 4 orders: −$6.22
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$158.43
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Hibachi: live order book, 5 min ago; MEXC: live order book, 4 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, 5 min ago	0.04 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	23.7 bp −$2,374	129.1 bp −$64.6K

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_USDTshort	−0.0140%	4h	1.1451	−0.072%	$6.8M	$140K	100x
Kraken Futures PF_EURUSD	−0.0140%	1h	1.1446	−0.113%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0006%	1h	1.1452	−0.065%	$191K	$301K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1456	−0.028%	$2.1M	$512K	50x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1458	−0.011%	$144K	$3K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1448	−0.098%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1455	−0.037%	—	$2.0M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1461	+0.015%	$12K	$274K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1448	−0.101%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.062%	$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	1.1481	+0.186%	—	$225K	100x	as long as short
Bitget EURUSDUSDT	+0.0071%	8h	1.1471	+0.102%	$263K	$27K	100x	as long as short
tradeXYZ xyz:EUR	+0.0084%	1h	1.1454	−0.046%	$23.1M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1448	−0.095%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1454	−0.047%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0136%	1h	1.1454	−0.046%	$33K	—	50x	as long as short
Hibachi EUR/USDT-Plong	+0.0448%	1h	1.1459	long leg	$159K	$8.4M	30x
Bybit EURUSDUSDT	+0.0461%	8h	1.1468	+0.074%	$606K	$325K	100x	as long as short