Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0476%/8h= +52.1% APRpaid last 24h +0.090%

Price spread now: Hibachi against MEXC+0.016%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs+$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on MEXC Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.726%+$73 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.016%, 7d avg −0.044%

Together, before fees+0.690%+ Points / potential airdropHibachi: Active · farm board+$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hibachi is 0.060% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1467	−0.0156	get 0.0078% / 4h	1h 45m	$6.8M	$142K	100x
Short	Hibachi EUR/USDT-P	1.1469	0.0320	get 0.0040% / 1h	45m 04s	$157K	$8.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee HibachibpOrdersPrice spread, now +0.016%Rate

Funding earned: $99.96
Price spread: +0.016% → −0.044%: $6
Slippage, 4 orders: −$2.34
Fee MEXC: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $86.61
Costs to cover: 0.193%
Break-even: 0.9 days

Slippage from MEXC: live order book, 6 min ago; Hibachi: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 6 min ago	0.87 bp	4.9 bp −$5	4.9 bp −$49	28.0 bp −$2,804	136.3 bp −$68.2K
Sell Hibachi live order book, 2 min ago	0.04 bp	5.0 bp −$5	19.8 bp −$198	doesn't fit	doesn't fit

EUR on 18 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff EURUSD-PERP	−0.0800%	1h	1.1469	+0.017%	$33K	—	50x	as long as short
MEXC EUR_USDTlong	−0.0156%	4h	1.1467	long leg	$6.8M	$142K	100x
Kraken Futures PF_EURUSD	−0.0111%	1h	1.1461	−0.053%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0025%	1h	1.1466	−0.007%	$191K	$295K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1472	+0.046%	$2.1M	$507K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1484	+0.153%	$625K	$351K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1473	+0.052%	$144K	$3K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.044%	$263K	$27K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.026%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1469	+0.017%	—	$1.7M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EURUSD-USDT	0.0000%	1h	1.1470	+0.026%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1464	−0.027%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.005%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.251%	—	$190K	100x	as long as short
tradeXYZ xyz:EUR	+0.0064%	1h	1.1470	+0.026%	$23.2M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1463	−0.031%	$196K	$64K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1469	+0.017%	$12K	—	10x	as long as short
Hibachi EUR/USDT-Pshort	+0.0320%	1h	1.1469	+0.016%	$157K	$8.1M	30x