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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.017%
Price spread now: Hotstuff against Lighter+0.011%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 airdropLighter: Season 3 · Hotstuff: Active · farm boardneeds 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: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EURUSD1.14630get 0.0000% / 1h58m 06s$2.1M$512K50x
ShortHotstuff EURUSD-PERP1.14640.0168get 0.0021% / 1h58m 06s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Lighter. 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
$35.28
Price spread: +0.011% → 0.000%
$1.13
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$31.41
Costs to cover
0.050%
Break-even
0.8 days
Slippage unknown: Lighter: live order book, 4 min ago; 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 Lighter live order book, 4 min ago0.79 bp3.2 bp −$312.9 bp −$12970.1 bp −$7,015doesn't fit
Sell Hotstuff no order-book sample
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
MEXC EUR_USDT−0.0142%4h1.1456−0.058%$6.8M$140K100xas long as short
Kraken Futures PF_EURUSD−0.0140%1h1.1452−0.093%$3K50xas long as short
Lighter EURUSDlong0.0000%1h1.1463long leg$2.1M$512K50x
Orderly PERP_EURUSD_USDC0.0000%8h1.1455−0.067%$246K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1460−0.024%$2.1M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1461−0.015%$12K$274K20xas long as short
Nado EURUSD-PERP+0.0003%1h1.1460−0.027%$191K$301K40xas long as short
Gate EURUSD_USDT+0.0017%8h1.1463+0.003%$144K$3K100xas long as short
Extended EUR-USD+0.0032%1h1.1455−0.069%$6.8M$1.4M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.032%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1487+0.216%$225K100xas long as short
Bitget EURUSDUSDT+0.0071%8h1.1472+0.081%$263K$27K100xas long as short
tradeXYZ xyz:EUR+0.0078%1h1.1461−0.015%$23.1M$1.9M50xas long as short
Pacifica EURUSD+0.0100%1h1.1455−0.063%$191K$60K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1461−0.015%$12K10xas long as short
Hotstuff EURUSD-PERPshort+0.0168%1h1.1464+0.011%$33K50x
Hibachi EUR/USDT-P+0.0432%1h1.1464+0.014%$155K$8.4M30xas long as short
Bybit EURUSDUSDT+0.0589%8h1.1470+0.063%$606K$325K100xas long as short