Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.100%

Price spread now: Orderly against MEXC−0.026%7-day average −0.036% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.674%+$67 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now −0.026%, 7d avg −0.036%

Together, before fees+0.639%+$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1466	−0.0144	get 0.0072% / 4h	17m 06s	$6.8M	$153K	100x
Short	Orderly PERP_EURUSD_USDC	1.1463	0	get 0.0000% / 8h	17m 06s	$198K	$111K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now −0.026%Rate

Funding earned: $30.24
Price spread: −0.026% → −0.036%: $0.99
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $17.23
Costs to cover: 0.140%
Break-even: 3.0 days

Slippage unknown: MEXC: live order book, 1 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	0.44 bp	5.1 bp −$5	5.6 bp −$56	42.2 bp −$4,216	145.9 bp −$73.0K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EUR_USDTlong	−0.0144%	4h	1.1466	long leg	$6.8M	$153K	100x
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.023%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1472	+0.052%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1482	+0.140%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.044%	$250K	$26K	100x	as long as short
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1463	−0.026%	$198K	$111K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1471	+0.044%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1469	+0.026%	$13K	$258K	20x	as long as short
Nado EURUSD-PERP	+0.0010%	1h	1.1466	0.000%	$466K	$265K	40x	as long as short
Lighter EURUSD	+0.0016%	1h	1.1476	+0.084%	$2.1M	$534K	50x	as long as short

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	−0.020%	$6.7M	$1.7M	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	1.1495	+0.256%	—	$287K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	−0.015%	$190K	$146K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	+0.076%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0112%	1h	1.1473	+0.061%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0187%	1h	1.1471	+0.044%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0208%	1h	1.1467	+0.007%	$168K	$8.4M	30x	as long as short