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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0095%/8h= −10.3% APRnext payment $0.12 per $10,000 · paid last 24h −0.081%
Price spread now: Kraken Futures against HTX−0.058%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 feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.058% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX EURUSD-USDT1.14700get 0.0000% / 1h17m 57s$13K$258K20x
ShortKraken Futures PF_EURUSD1.1463−0.0095pay 0.0012% / 1h17m 57s$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
−$19.85
Price spread: −0.058% → 0.000%
−$5.76
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$47.61
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 59 min ago; 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 HTX live order book, 59 min ago5.23 bp25.5 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
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−0.0132%4h1.1466−0.035%$6.8M$153K100xas long as short
Kraken Futures PF_EURUSDshort−0.0095%1h1.1463−0.058%$3K50x
Bybit EURUSDUSDT0.0000%8h1.1472+0.016%$584K$279K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1482+0.105%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472+0.017%$250K$26K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1464−0.052%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1472+0.017%$2.6M10xas long as short
HTX EURUSD-USDTlong0.0000%1h1.1470long leg$13K$258K20x
Nado EURUSD-PERP+0.0009%1h1.1466−0.038%$466K$265K40xas long as short
Lighter EURUSD+0.0016%1h1.1476+0.049%$2.1M$534K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EUR-USD+0.0032%1h1.1464−0.055%$6.7M$1.8M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470+0.003%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1495+0.220%$287K100xas long as short
Pacifica EURUSD+0.0100%1h1.1464−0.050%$190K$146K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1475+0.041%$12K10xas long as short
Hotstuff EURUSD-PERP+0.0112%1h1.1473+0.026%$33K50xas long as short
tradeXYZ xyz:EUR+0.0187%1h1.1471+0.009%$23.2M$2.4M50xas long as short
Hibachi EUR/USDT-P+0.0200%1h1.1467−0.028%$170K$8.4M30xas long as short