Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0366%/8h= +40.1% APRpaid last 24h +0.103%

Price spread now: tradeXYZ against MEXC+0.035%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.475%+$47 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.035%, 7d avg −0.003%

Together, before fees+0.443%+ Points / potential airdroptradeXYZ: Active · farm board+$44 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 tradeXYZ is 0.037% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1473	−0.0152	get 0.0076% / 4h	1h 24m	$6.8M	$137K	100x
Short	tradeXYZ xyz:EUR	1.1477	0.0214	get 0.0027% / 1h	24m 21s	$23.3M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.035%Rate

Funding earned: $76.94
Price spread: +0.035% → −0.003%: $3.75
Slippage, 4 orders: −$5.95
Fee MEXC: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $48.74
Costs to cover: 0.320%
Break-even: 2.6 days

Slippage from MEXC: live order book, 3 min ago; tradeXYZ: live order book, 4 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, 3 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	35.2 bp −$3,523	149.8 bp −$74.9K
Sell tradeXYZ live order book, 4 min ago	0.87 bp	11.4 bp −$11	14.4 bp −$144	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	1.1473	long leg	$6.8M	$137K	100x
Nado EURUSD-PERP	−0.0003%	1h	1.1473	−0.002%	$467K	$154K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.003%	$584K	$281K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1473	0.000%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1474	+0.009%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1471	−0.017%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1475	+0.017%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1474	+0.009%	$12K	$259K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1471	−0.021%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.058%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1502	+0.257%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1472	−0.009%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.038%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1467	−0.049%	$3K	—	50x	as long as short
Hotstuff EURUSD-PERP	+0.0192%	1h	1.1478	+0.044%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0200%	1h	1.1482	+0.077%	$2.1M	$444K	50x	as long as short
Hibachi EUR/USDT-P	+0.0200%	1h	1.1469	−0.031%	$161K	$8.2M	30x	as long as short
tradeXYZ xyz:EURshort	+0.0214%	1h	1.1477	+0.035%	$23.3M	$1.8M	50x