Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.077%

Price spread now: HTX against MEXC+0.061%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.061%, 7d avg −0.046%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.107% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1466	−0.0152	get 0.0076% / 4h	36m 06s	$6.8M	$152K	100x
Short	HTX EURUSD-USDT	1.1473	0	get 0.0000% / 1h	36m 06s	$13K	$256K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $31.92
Price spread: +0.061% → −0.046%: $10.69
Slippage, 4 orders: −$46.24
Fee MEXC: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.63
Costs to cover: 0.662%
Break-even: 12.2 days

Slippage from MEXC: live order book, 2 min ago; HTX: live order book, 41 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, 2 min ago	0.44 bp	4.4 bp −$4	4.9 bp −$49	44.5 bp −$4,448	170.3 bp −$85.1K
Sell HTX live order book, 41 min ago	5.23 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit

EUR on 18 venues

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
MEXC EUR_USDTlong	−0.0152%	4h	1.1466	long leg	$6.8M	$152K	100x
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.023%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0002%	1h	1.1466	+0.001%	$466K	$265K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1475	+0.081%	$2.1M	$534K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1478	+0.108%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1477	+0.096%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.044%	$250K	$27K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.017%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	+0.044%	—	$2.6M	10x	as long as short
HTX EURUSD-USDTshort	0.0000%	1h	1.1473	+0.061%	$13K	$256K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1464	−0.018%	$6.7M	$1.8M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.038%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.260%	—	$287K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0080%	1h	1.1472	+0.052%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	+0.009%	$190K	$147K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	+0.075%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0168%	1h	1.1467	+0.006%	$165K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0175%	1h	1.1472	+0.052%	$23.2M	$2.4M	50x	as long as short