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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.007%
Price spread now: HTX against Kraken Futures+0.095%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.095% dearer against Kraken Futures than usual: you sell high and buy low: +$9 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_EURUSD1.1462−0.0112get 0.0014% / 1h58m 26s$3K50x
ShortHTX EURUSD-USDT1.14730get 0.0000% / 1h58m 26s$12K$271K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$23.51
Price spread: +0.095% → 0.000%
$9.5
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$11.01
Costs to cover
0.220%
Break-even
3.7 days
Slippage unknown: Kraken Futures: no order-book sample; HTX: live order book, 46 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 Kraken Futures no order-book sample
Sell HTX live order book, 46 min ago6.97 bp31.2 bp −$31doesn't fitdoesn't fitdoesn't fit
Kraken Futures: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EURUSD-PERP−0.0800%1h1.1471+0.078%$33K50xas long as short
MEXC EUR_USDT−0.0154%4h1.1468+0.051%$6.8M$144K100xas long as short
Kraken Futures PF_EURUSDlong−0.0112%1h1.1462long leg$3K50x
Nado EURUSD-PERP−0.0028%1h1.1470+0.072%$191K$293K40xas long as short
Lighter EURUSD0.0000%1h1.1475+0.115%$2.1M$501K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1485+0.197%$625K$351K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1473+0.095%$144K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1476+0.121%$261K$26K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1466+0.034%$247K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1470+0.069%$1.6M10xas long as short
Show all 18 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EURUSD-USDTshort0.0000%1h1.1473+0.095%$12K$271K20x
Extended EUR-USD+0.0032%1h1.1466+0.038%$6.8M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.037%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1498+0.316%$190K100xas long as short
tradeXYZ xyz:EUR+0.0079%1h1.1471+0.078%$22.9M$1.7M50xas long as short
Pacifica EURUSD+0.0100%1h1.1467+0.039%$196K$64K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1472+0.082%$12K10xas long as short
Hibachi EUR/USDT-P+0.0248%1h1.1467+0.045%$189K$8.4M30xas long as short