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+0.0179%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.021%
Price spread now: SunX against Kraken Futures+0.071%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 +$5 a day on $10k at the current rate, and SunX is 0.071% 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% / 1h15m 30s$3K50x
ShortSunX EURUSD-USDT1.14820get 0.0000% / 1h15m 30s$2.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$37.49
Price spread: +0.071% → 0.000%
$7.06
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
$26.55
Costs to cover
0.180%
Break-even
2.0 days
Slippage unknown: Kraken Futures: no order-book sample; SunX: live order book, 1 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 SunX live order book, 1 min ago81.43 bp100.3 bp −$100doesn'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 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
Hibachi EUR/USDT-P−0.0240%1h1.1473−0.008%$176K$8.3M30xas long as short
Kraken Futures PF_EURUSDlong−0.0179%1h1.1474long leg$3K50x
MEXC EUR_USDT−0.0164%4h1.1479+0.044%$6.8M$134K100xas long as short
Lighter EURUSD0.0000%1h1.1485+0.101%$2.1M$415K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1480+0.055%$585K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1480+0.053%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1478+0.036%$253K$21K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1476+0.018%$198K$73K50xas long as short
SunX EURUSD-USDTshort0.0000%1h1.1482+0.071%$2.4M10x
HTX EURUSD-USDT0.0000%1h1.1485+0.097%$13K$264K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0009%1h1.1479+0.046%$467K$153K40xas long as short
Extended EUR-USD+0.0032%1h1.1476+0.018%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.065%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1508+0.296%$265K100xas long as short
Pacifica EURUSD+0.0100%1h1.1476+0.020%$191K$63K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1483+0.075%$12K10xas long as short
Hotstuff EURUSD-PERP+0.0120%1h1.1481+0.062%$33K50xas long as short
tradeXYZ xyz:EUR+0.0171%1h1.1481+0.062%$23.3M$1.6M50xas long as short