Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.052%

Price spread now: MEXC against HTX−0.044%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.044%, 7d avg +0.041%

Together, before fees−0.314%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.085% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1484	0	get 0.0000% / 1h	47m 06s	$12K	$263K	20x
Short	MEXC EUR_USDT	1.1479	−0.0156	pay 0.0078% / 4h	3h 47m	$6.8M	$132K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$32.76
Price spread: −0.044% → +0.041%: −$8.45
Slippage, 4 orders: −$46.63
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$107.84
Costs to cover: 0.666%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; MEXC: live order book, 1 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, 5 min ago	6.97 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.44 bp	4.9 bp −$5	5.7 bp −$57	41.9 bp −$4,191	157.2 bp −$78.6K

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	1.1474	−0.083%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0176%	1h	1.1474	−0.085%	$165K	$8.3M	30x	as long as short
MEXC EUR_USDTshort	−0.0156%	4h	1.1479	−0.044%	$6.8M	$132K	100x
Lighter EURUSD	0.0000%	1h	1.1486	+0.016%	$2.1M	$412K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1481	−0.030%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1479	−0.044%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1478	−0.052%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1476	−0.070%	$198K	$98K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	−0.017%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1484	long leg	$12K	$263K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0022%	1h	1.1479	−0.042%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1476	−0.069%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.153%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1508	+0.206%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1480	−0.035%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	−0.015%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0152%	1h	1.1483	−0.009%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0198%	1h	1.1484	0.000%	$23.3M	$1.8M	50x	as long as short