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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0150%/8h= −16.5% APRnext payment $0.19 per $10,000 · paid last 24h −0.031%
Price spread now: Nado against Hibachi−0.003%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.144% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.062%−$6 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.003%, 7d avg +0.004%
Together, before fees−0.059%+ Points / potential airdropHibachi: Active · Nado: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi EUR/USDT-P1.14660.0256pay 0.0032% / 1h39m 40s$185K$8.3M30x
ShortNado EURUSD-PERP1.14650.0106get 0.0013% / 1h39m 40s$467K$154K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
−$31.55
Price spread: −0.003% → +0.004%
−$0.71
Slippage, 4 orders
−$4
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Nado: 0.7 bp × 2 orders
−$1.4
Net
−$46.66
Costs to cover
0.144%
Break-even
never at this rate
Slippage from Hibachi: live order book, 5 min ago; Nado: live order book, 3 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, 5 min ago0.04 bp4.6 bp −$520.7 bp −$207doesn't fitdoesn't fit
Sell Nado live order book, 3 min ago0.92 bp1.7 bp −$22.3 bp −$23doesn'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
Kraken Futures PF_EURUSD−0.0228%1h1.1466+0.008%$3K50xas long as short
MEXC EUR_USDT−0.0222%4h1.1466+0.004%$6.8M$134K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1484+0.164%$579K$311K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1478+0.109%$144K$6K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1476+0.091%$261K$25K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1462−0.031%$198K$73K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1474+0.074%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1474+0.074%$12K$266K20xas long as short
Extended EUR-USD+0.0032%1h1.1460−0.050%$6.8M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.008%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1495+0.253%$241K100xas long as short
Pacifica EURUSD+0.0100%1h1.1467+0.013%$191K$60K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1476+0.090%$12K10xas long as short
Nado EURUSD-PERPshort+0.0106%1h1.1465−0.003%$467K$154K40x
tradeXYZ xyz:EUR+0.0241%1h1.1471+0.048%$23.2M$1.6M50xas long as short
Hotstuff EURUSD-PERP+0.0256%1h1.1474+0.074%$33K50xas long as short
Hibachi EUR/USDT-Plong+0.0256%1h1.1466long leg$185K$8.3M30x
Lighter EURUSD+0.0272%1h1.1476+0.095%$2.2M$408K50xas long as short