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+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.059%
Price spread now: Injective against Kraken Futures+0.061%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 +$4 a day on $10k at the current rate, and Injective is 0.061% dearer against Kraken Futures than usual: you sell high and buy low: +$6 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_EURUSD1.1463−0.0095get 0.0012% / 1h17m 11s$3K50x
ShortInjective EURUSD/USDC PERP1.14700.0033get 0.0004% / 1h17m 11s$9K$78K101x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$26.85
Price spread: +0.061% → 0.000%
$6.11
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$22.93
Costs to cover
0.100%
Break-even
1.0 days
Slippage unknown: Kraken Futures: no order-book sample; Injective: 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 Injective no order-book sample
Kraken Futures and 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−0.0144%4h1.1466+0.023%$6.8M$153K100xas long as short
Kraken Futures PF_EURUSDlong−0.0095%1h1.1463long leg$3K50x
Bybit EURUSDUSDT0.0000%8h1.1472+0.075%$584K$279K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1482+0.162%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471+0.066%$250K$26K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1463−0.003%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1471+0.066%$2.6M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1469+0.049%$13K$258K20xas long as short
Nado EURUSD-PERP+0.0010%1h1.1466+0.022%$466K$265K40xas long as short
Lighter EURUSD+0.0016%1h1.1476+0.106%$2.1M$534K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EUR-USD+0.0032%1h1.1464+0.003%$6.7M$1.7M100xas long as short
Injective EURUSD/USDC PERPshort+0.0033%1h1.1470+0.061%$9K$78K101x
Vest EUR-USD-PERP+0.0046%1h1.1495+0.278%$287K100xas long as short
Pacifica EURUSD+0.0100%1h1.1464+0.008%$190K$146K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1475+0.098%$12K10xas long as short
Hotstuff EURUSD-PERP+0.0112%1h1.1473+0.084%$33K50xas long as short
tradeXYZ xyz:EUR+0.0187%1h1.1471+0.066%$23.2M$2.4M50xas long as short
Hibachi EUR/USDT-P+0.0208%1h1.1467+0.030%$168K$8.4M30xas long as short