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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0088%/8h= −9.6% APRnext payment $0.11 per $10,000 · paid last 24h +0.018%
Price spread now: Hibachi against Hotstuff−0.069%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Hibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hibachi is 0.069% cheaper against Hotstuff than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff EURUSD-PERP1.14770.0240pay 0.0030% / 1h17m 58s$33K50x
ShortHibachi EUR/USDT-P1.14690.0152get 0.0019% / 1h17m 58s$171K$8.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Hotstuff. 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
−$18.48
Price spread: −0.069% → 0.000%
−$6.85
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$39.33
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Hibachi: live order book, 1 min ago. 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 Hotstuff no order-book sample
Sell Hibachi live order book, 1 min ago0.04 bp4.5 bp −$517.3 bp −$173doesn't fitdoesn't fit
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 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−0.0211%1h1.1468−0.080%$3K50xas long as short
MEXC EUR_USDT−0.0164%4h1.1469−0.070%$6.8M$141K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1473−0.037%$582K$280K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476−0.009%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471−0.052%$253K$21K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1466−0.096%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1476−0.009%$2.5M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1474−0.026%$12K$257K20xas long as short
Extended EUR-USD+0.0032%1h1.1465−0.102%$6.7M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470−0.058%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0046%1h1.1469−0.071%$466K$155K40xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1498+0.181%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1469−0.070%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1476−0.006%$12K10xas long as short
Lighter EURUSD+0.0144%1h1.1480+0.027%$2.1M$441K50xas long as short
Hibachi EUR/USDT-Pshort+0.0152%1h1.1469−0.069%$171K$8.3M30x
Hotstuff EURUSD-PERPlong+0.0240%1h1.1477long leg$33K50x
tradeXYZ xyz:EUR+0.0248%1h1.1476−0.009%$23.3M$1.8M50xas long as short