Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.009%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$337as in the Funding arb table

Net, price: spread back to 7d avg − costs−$338as in the Price arb table

costs, in and out, $10k−$3323.325% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.009%, 7d avg +0.043%

Together, before fees−0.029%−$3 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: SunX is 0.051% 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 +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1481	0	get 0.0000% / 1h	17m 29s	$13K	$263K	20x
Short	SunX EURUSD-USDT	1.1480	0	get 0.0000% / 1h	17m 29s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.043%: −$5.14
Slippage, 4 orders: −$312.47
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$337.6
Costs to cover: 3.325%
Break-even: never at this rate

Slippage from HTX: live order book, 39 min ago; SunX: live order book, 9 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, 39 min ago	28.33 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	81.44 bp	100.3 bp −$100	doesn't fit	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
MEXC EUR_USDT	−0.0136%	4h	1.1478	−0.026%	$6.8M	$135K	100x	as long as short
Hibachi EUR/USDT-P	−0.0088%	1h	1.1472	−0.080%	$168K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1472	−0.079%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0008%	1h	1.1478	−0.023%	$467K	$153K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1482	+0.006%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1477	−0.035%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.052%	$198K	$111K	50x	as long as short
SunX EURUSD-USDTshort	0.0000%	1h	1.1480	−0.009%	—	$2.4M	10x
HTX EURUSD-USDTlong	0.0000%	1h	1.1481	long leg	$13K	$263K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter EURUSD	+0.0016%	1h	1.1485	+0.032%	$2.1M	$435K	50x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1475	−0.048%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.127%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1507	+0.227%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0048%	1h	1.1480	−0.009%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.026%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	+0.002%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0121%	1h	1.1481	0.000%	$23.3M	$1.8M	50x	as long as short