Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0382%/8h= +41.8% APRpaid last 24h +0.084%

Price spread now: Pacifica against MEXC−0.012%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.585%+$58 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.012%, 7d avg −0.035%

Together, before fees+0.577%+ Points / potential airdropPacifica: Active · farm board+$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Pacifica is 0.023% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1471	−0.0282	get 0.0141% / 4h	1h 56m	$6.8M	$141K	100x
Short	Pacifica EURUSD	1.1470	0.0100	get 0.0013% / 1h	56m 30s	$196K	$64K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.012%Rate

Funding earned: $80.22
Price spread: −0.012% → −0.035%: $2.3
Slippage, 4 orders: −$21.52
Fee MEXC: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $45
Costs to cover: 0.375%
Break-even: 3.1 days

Slippage from MEXC: live order book, 4 min ago; Pacifica: live order book, 54 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, 4 min ago	0.44 bp	6.0 bp −$6	6.2 bp −$62	30.5 bp −$3,053	125.8 bp −$62.9K
Sell Pacifica live order book, 54 min ago	3.06 bp	15.1 bp −$15	doesn't fit	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	1.1471	0.000%	$33K	—	50x	as long as short
MEXC EUR_USDTlong	−0.0282%	4h	1.1471	long leg	$6.8M	$141K	100x
Kraken Futures PF_EURUSD	−0.0111%	1h	1.1464	−0.057%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0055%	1h	1.1473	+0.016%	$191K	$298K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1477	+0.054%	$2.1M	$507K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1484	+0.112%	$624K	$350K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1472	+0.009%	$144K	$3K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.009%	$263K	$27K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1468	−0.026%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1473	+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	1.1473	+0.017%	$12K	$271K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1469	−0.017%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.040%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1502	+0.266%	—	$202K	100x	as long as short
tradeXYZ xyz:EUR	+0.0069%	1h	1.1473	+0.017%	$23.2M	$1.9M	50x	as long as short
Pacifica EURUSDshort	+0.0100%	1h	1.1470	−0.012%	$196K	$64K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1473	+0.016%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0392%	1h	1.1470	−0.009%	$157K	$8.2M	30x	as long as short