Settings8H · net · $10k
Funding arb · Price arb /

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0101%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h +0.011%
Price spread now: Extended against Nado−0.052%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$180.182% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.058%+$6 on $10k
Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.052%, 7d avg −0.024%
Together, before fees+0.068%+ Points / potential airdropNado: Active · Extended: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.028% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.058%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado EURUSD-PERP1.14440.0133pay 0.0017% / 1h42m 55s$465K$159K40x
ShortExtended EUR-USD1.14380.0032get 0.0004% / 1h42m 55s$6.8M$1.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Nado. 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

Funding earned
−$21.12
Price spread: −0.052% → −0.024%
−$2.84
Slippage, 4 orders
−$11.77
Fee Nado: 0.7 bp × 2 orders
−$1.4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$42.13
Costs to cover
0.182%
Break-even
never at this rate
Slippage from Nado: live order book, 55 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 55 min ago0.52 bp3.9 bp −$44.7 bp −$47doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago0.44 bp6.5 bp −$611.4 bp −$114doesn't fitdoesn't fit

EUR on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EUR_USDT−0.0146%4h1.1444+0.001%$6.8M$138K100xas long as short
Kraken Futures PF_EURUSD−0.0131%1h1.1443−0.009%$3K50xas long as short
Lighter EURUSD0.0000%1h1.1447+0.029%$2.1M$537K50xas long as short
Bitget EURUSDUSDT0.0000%8h1.1470+0.229%$263K$25K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1438−0.051%$246K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1451+0.063%$2.3M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1453+0.080%$12K$273K20xas long as short
Extended EUR-USDshort+0.0032%1h1.1438−0.052%$6.8M$1.4M100x
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.197%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1471+0.239%$224K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica EURUSD+0.0100%1h1.1440−0.031%$191K$60K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1444+0.004%$12K10xas long as short
Nado EURUSD-PERPlong+0.0133%1h1.1444long leg$465K$159K40x
Gate EURUSD_USDT+0.0180%8h1.1460+0.141%$143K$3K100xas long as short
tradeXYZ xyz:EUR+0.0301%1h1.1449+0.045%$23.2M$1.7M50xas long as short
Hotstuff EURUSD-PERP+0.0328%1h1.1455+0.097%$33K50xas long as short
Hibachi EUR/USDT-P+0.0384%1h1.1445+0.013%$169K$8.4M30xas long as short
Bybit EURUSDUSDT+0.1815%8h1.1473+0.257%$579K$309K100xas long as short