Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.045%

Price spread now: Orderly against Injective−0.012%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.275%+$27 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.275%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective EURUSD/USDC PERP	1.1470	0.0033	pay 0.0004% / 1h	4m 54s	$9K	$78K	101x
Short	Orderly PERP_EURUSD_USDC	1.1469	0	get 0.0000% / 8h	2h 04m	$198K	$111K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee InjectivebpFee OrderlybpOrdersPrice spread, now −0.012%Rate

Funding earned: −$7
Price spread: −0.012% → 0.000%: −$1.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.24
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Injective and Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_EURUSD	−0.0180%	1h	1.1464	−0.052%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0148%	4h	1.1468	−0.021%	$6.8M	$160K	100x	as long as short
Nado EURUSD-PERP	−0.0012%	1h	1.1468	−0.023%	$466K	$337K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1481	+0.091%	$2.2M	$932K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1485	+0.125%	$593K	$530K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	+0.066%	$142K	$10K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.005%	$250K	$91K	100x	as long as short
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1469	−0.012%	$198K	$111K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1472	+0.014%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1474	+0.031%	$13K	$245K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0027%	1h	1.1492	+0.191%	—	$264K	100x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1467	−0.032%	$6.7M	$2.1M	100x	as long as short
Injective EURUSD/USDC PERPlong	+0.0033%	1h	1.1470	long leg	$9K	$78K	101x
Hibachi EUR/USDT-P	+0.0064%	1h	1.1467	−0.033%	$163K	$9.3M	30x	as long as short
Hotstuff EURUSD-PERP	+0.0096%	1h	1.1474	+0.031%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1470	−0.003%	$190K	$187K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	+0.089%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0145%	1h	1.1474	+0.031%	$23.2M	$2.7M	50x	as long as short