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+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h +0.047%
Price spread now: Hibachi against Injective−0.034%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 7 days+0.311%+$31 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 0.034% cheaper against Injective than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective EURUSD/USDC PERP1.14700.0033pay 0.0004% / 1h40m 58s$9K$78K101x
ShortHibachi EUR/USDT-P1.14660.0160get 0.0020% / 1h40m 58s$167K$8.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Injective. 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
$26.6
Price spread: −0.034% → 0.000%
−$3.44
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$14.14
Costs to cover
0.090%
Break-even
3.3 days
Slippage unknown: Injective: no order-book sample; Hibachi: live order book, 3 min ago. 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 Injective no order-book sample
Sell Hibachi live order book, 3 min ago0.04 bp4.5 bp −$528.0 bp −$280doesn't fitdoesn't fit
Injective: 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−0.0134%4h1.1466−0.038%$6.8M$152K100xas long as short
Kraken Futures PF_EURUSD−0.0095%1h1.1463−0.061%$3K50xas long as short
Nado EURUSD-PERP−0.0005%1h1.1466−0.034%$466K$269K40xas long as short
Lighter EURUSD0.0000%1h1.1476+0.044%$2.1M$534K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1477+0.061%$584K$279K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1477+0.058%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471+0.005%$250K$29K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1464−0.056%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1472+0.014%$2.6M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1474+0.031%$13K$255K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EUR-USD+0.0032%1h1.1464−0.053%$6.7M$1.8M100xas long as short
Injective EURUSD/USDC PERPlong+0.0033%1h1.1470long leg$9K$78K101x
Vest EUR-USD-PERP+0.0046%1h1.1496+0.222%$287K100xas long as short
Hotstuff EURUSD-PERP+0.0080%1h1.1472+0.014%$33K50xas long as short
Pacifica EURUSD+0.0100%1h1.1464−0.052%$190K$188K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1474+0.035%$12K10xas long as short
Hibachi EUR/USDT-Pshort+0.0160%1h1.1466−0.034%$167K$8.3M30x
tradeXYZ xyz:EUR+0.0171%1h1.1472+0.014%$23.2M$2.4M50xas long as short