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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0260%/8h= −28.5% APRnext payment $0.33 per $10,000 · paid last 24h −0.003%
Price spread now: Pacifica 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 4 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 · Pacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Pacifica 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-PERP1.14530.0360pay 0.0045% / 1h54m 08s$33K50x
ShortPacifica EURUSD1.14440.0100get 0.0013% / 1h54m 08s$191K$60K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$54.6
Price spread: −0.079% → 0.000%
−$7.86
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$75.46
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Pacifica: live order book, 44 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 Pacifica live order book, 44 min ago2.62 bp14.4 bp −$14doesn't fitdoesn'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
MEXC EUR_USDT−0.0170%4h1.1449−0.035%$6.8M$136K100xas long as short
Kraken Futures PF_EURUSD−0.0131%1h1.1446−0.062%$3K50xas long as short
Gate EURUSD_USDT0.0000%8h1.1460+0.061%$143K$3K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471+0.157%$263K$25K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1442−0.096%$246K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1454+0.009%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1456+0.026%$13K$273K20xas long as short
Lighter EURUSD+0.0008%1h1.1451−0.019%$2.1M$537K50xas long as short
Extended EUR-USD+0.0032%1h1.1442−0.097%$6.8M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.117%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1475+0.191%$224K100xas long as short
Pacifica EURUSDshort+0.0100%1h1.1444−0.079%$191K$60K50x
Nado EURUSD-PERP+0.0104%1h1.1446−0.065%$465K$158K40xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1450−0.025%$12K10xas long as short
tradeXYZ xyz:EUR+0.0323%1h1.14530.000%$23.2M$1.7M50xas long as short
Hibachi EUR/USDT-P+0.0328%1h1.1450−0.023%$167K$8.4M30xas long as short
Hotstuff EURUSD-PERPlong+0.0360%1h1.1453long leg$33K50x
Bybit EURUSDUSDT+0.1606%8h1.1473+0.172%$579K$310K100xas long as short