Settings8H · net · $10k
Funding arb · Price arb /

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0331%/8h= +36.2% APRnext payment +$0.41 per $10,000 · paid last 24h +0.052%
Price spread now: Hotstuff against Kraken Futures+0.075%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hotstuff is 0.075% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_EURUSD1.1474−0.0179get 0.0022% / 1h46m 48s$3K50x
ShortHotstuff EURUSD-PERP1.14830.0152get 0.0019% / 1h46m 48s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Kraken Futures. 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
$69.41
Price spread: +0.075% → 0.000%
$7.47
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$61.88
Costs to cover
0.150%
Break-even
0.8 days
Slippage unknown: Kraken Futures: no order-book sample; Hotstuff: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Hotstuff no order-book sample
Kraken Futures and Hotstuff: 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
Kraken Futures PF_EURUSDlong−0.0179%1h1.1474long leg$3K50x
Hibachi EUR/USDT-P−0.0176%1h1.1474−0.002%$165K$8.3M30xas long as short
MEXC EUR_USDT−0.0156%4h1.1478+0.031%$6.8M$132K100xas long as short
Lighter EURUSD0.0000%1h1.1486+0.099%$2.1M$412K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1481+0.053%$585K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1479+0.040%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1478+0.031%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1476+0.014%$198K$98K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1482+0.066%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1484+0.083%$12K$263K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0022%1h1.1479+0.041%$467K$153K40xas long as short
Extended EUR-USD+0.0032%1h1.1476+0.012%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.070%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1508+0.290%$265K100xas long as short
Pacifica EURUSD+0.0100%1h1.1480+0.049%$191K$63K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1482+0.068%$12K10xas long as short
Hotstuff EURUSD-PERPshort+0.0152%1h1.1483+0.075%$33K50x
tradeXYZ xyz:EUR+0.0198%1h1.1484+0.083%$23.3M$1.8M50xas long as short