Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0422%/8h= −46.2% APRpaid last 24h −0.085%

Price spread now: MEXC against Hotstuff−0.052%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no 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 −$13 a day on $10k at the current rate, and MEXC is 0.052% cheaper against Hotstuff than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff EURUSD-PERP	1.1465	0.0224	pay 0.0028% / 1h	15m 16s	$33K	—	50x
Short	MEXC EUR_USDT	1.1459	−0.0198	pay 0.0099% / 4h	15m 16s	$6.8M	$139K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee HotstuffbpFee MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$88.62
Price spread: −0.052% → 0.000%: −$5.23
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$106.85
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	30.5 bp −$3,048	146.1 bp −$73.1K

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EUR_USDTshort	−0.0198%	4h	1.1459	−0.052%	$6.8M	$139K	100x
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1456	−0.082%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1474	+0.077%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1469	+0.035%	$143K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.061%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1455	−0.087%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1464	−0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1466	+0.009%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1455	−0.091%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.012%	$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
Nado EURUSD-PERP	+0.0045%	1h	1.1457	−0.065%	$466K	$159K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1487	+0.194%	—	$241K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1456	−0.078%	$191K	$60K	50x	as long as short
Lighter EURUSD	+0.0104%	1h	1.1467	+0.014%	$2.1M	$449K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1464	−0.007%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0216%	1h	1.1459	−0.055%	$161K	$8.4M	30x	as long as short
tradeXYZ xyz:EUR	+0.0222%	1h	1.1465	0.000%	$23.2M	$1.7M	50x	as long as short
Hotstuff EURUSD-PERPlong	+0.0224%	1h	1.1465	long leg	$33K	—	50x