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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0341%/8h= −37.3% APRnext payment $0.43 per $10,000 · paid last 24h −0.081%
Price spread now: Kraken Futures against Hotstuff−0.079%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 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.079% cheaper against Hotstuff than usual: you would sell low and buy high (−$8 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-PERP1.14720.0216pay 0.0027% / 1h49m 19s$33K50x
ShortKraken Futures PF_EURUSD1.1463−0.0125pay 0.0016% / 1h49m 19s$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
−$71.62
Price spread: −0.079% → 0.000%
−$7.93
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$94.55
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Kraken Futures: no order-book sample. 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 Kraken Futures no order-book sample
Hotstuff and Kraken Futures: 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
MEXC EUR_USDT−0.0204%4h1.1465−0.061%$6.8M$154K100xas long as short
Kraken Futures PF_EURUSDshort−0.0125%1h1.1463−0.079%$3K50x
Bybit EURUSDUSDT0.0000%8h1.1484+0.109%$593K$529K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1478+0.052%$142K$10K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.14720.000%$250K$70K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1464−0.070%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1471−0.009%$2.6M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1477+0.044%$13K$245K20xas long as short
Vest EUR-USD-PERP+0.0029%1h1.1494+0.189%$264K100xas long as short
Extended EUR-USD+0.0032%1h1.1464−0.072%$6.7M$1.9M100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi EUR/USDT-P+0.0032%1h1.1466−0.051%$164K$9.3M30xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470−0.014%$9K$78K101xas long as short
Lighter EURUSD+0.0056%1h1.1477+0.045%$2.2M$846K50xas long as short
Nado EURUSD-PERP+0.0070%1h1.1465−0.060%$466K$315K40xas long as short
Pacifica EURUSD+0.0100%1h1.1466−0.052%$190K$187K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1476+0.035%$12K10xas long as short
tradeXYZ xyz:EUR+0.0176%1h1.1470−0.017%$23.2M$2.5M50xas long as short
Hotstuff EURUSD-PERPlong+0.0216%1h1.1472long leg$33K50x