Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against HTX−0.035%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1621.625% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.035%, 7d avg +0.014%

Together, before fees−0.229%−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.049% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1482	0	get 0.0000% / 1h	53m 31s	$13K	$263K	20x
Short	Bybit EURUSDUSDT	1.1478	0	get 0.0000% / 8h	3h 53m	$585K	$223K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.014%: −$4.92
Slippage, 4 orders: −$139.48
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$167.39
Costs to cover: 1.625%
Break-even: never at this rate

Slippage from HTX: live order book, 63 min ago; Bybit: live order book, 57 min ago.

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 HTX live order book, 63 min ago	28.33 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 57 min ago	4.49 bp	10.0 bp −$10	33.1 bp −$331	doesn't fit	doesn't fit

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
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1473	−0.079%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0176%	4h	1.1476	−0.052%	$6.8M	$132K	100x	as long as short
Hibachi EUR/USDT-P	−0.0160%	1h	1.1472	−0.090%	$165K	$8.3M	30x	as long as short
Lighter EURUSD	0.0000%	1h	1.1483	+0.012%	$2.1M	$411K	50x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1478	−0.035%	$585K	$223K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1478	−0.035%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1476	−0.052%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1473	−0.078%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1481	−0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1482	long leg	$13K	$263K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0027%	1h	1.1476	−0.053%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1473	−0.082%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.136%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1505	+0.200%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.035%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1480	−0.014%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0152%	1h	1.1480	−0.017%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0207%	1h	1.1480	−0.017%	$23.3M	$1.8M	50x	as long as short