Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Lighter against HTX+0.035%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.035%, 7d avg +0.101%

Together, before fees+0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 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: Lighter is 0.066% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1470	0	get 0.0000% / 1h	53m 09s	$12K	$257K	20x
Short	Lighter EURUSD	1.1474	0	get 0.0000% / 1h	53m 09s	$2.1M	$408K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.101%: −$6.63
Slippage, 4 orders: −$48.83
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$67.45
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from HTX: live order book, 19 min ago; Lighter: live order book, 4 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, 19 min ago	5.23 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.04 bp	1.5 bp −$1	8.0 bp −$80	43.5 bp −$4,353	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
MEXC EUR_USDT	−0.0138%	4h	1.1470	0.000%	$6.8M	$150K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0052%	1h	1.1464	−0.050%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0019%	1h	1.1470	−0.002%	$466K	$184K	40x	as long as short
Lighter EURUSDshort	0.0000%	1h	1.1474	+0.035%	$2.1M	$408K	50x
Bybit EURUSDUSDT	0.0000%	8h	1.1471	+0.012%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1480	+0.087%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.017%	$251K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1468	−0.017%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1472	+0.017%	—	$2.6M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1470	long leg	$12K	$257K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1468	−0.020%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.003%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1499	+0.254%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0072%	1h	1.1475	+0.044%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1468	−0.015%	$190K	$128K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1472	+0.021%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0148%	1h	1.1474	+0.035%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0224%	1h	1.1468	−0.021%	$160K	$8.3M	30x	as long as short