Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.047%

Price spread now: MEXC against Nado+0.001%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$150.147% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.177%−$18 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.001%, 7d avg +0.120%

Together, before fees−0.154%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.119% cheaper against Nado than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.120%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado EURUSD-PERP	1.1466	0.0010	pay 0.0001% / 1h	15m 08s	$466K	$265K	40x
Short	MEXC EUR_USDT	1.1466	−0.0158	pay 0.0079% / 4h	15m 08s	$6.8M	$153K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee NadobpFee MEXCbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$35.21
Price spread: +0.001% → +0.120%: −$11.89
Slippage, 4 orders: −$5.31
Fee Nado: 0.7 bp × 2 orders: −$1.4
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$61.81
Costs to cover: 0.147%
Break-even: never at this rate

Slippage from Nado: live order book, 63 min ago; MEXC: live order book, 3 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 Nado live order book, 63 min ago	1.57 bp	2.6 bp −$3	3.3 bp −$33	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.44 bp	4.4 bp −$4	4.9 bp −$49	22.7 bp −$2,271	121.5 bp −$60.7K

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_USDTshort	−0.0158%	4h	1.1466	+0.001%	$6.8M	$153K	100x
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.022%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1472	+0.054%	$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	1.1472	+0.053%	$250K	$26K	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-USDT	0.0000%	1h	1.1473	+0.062%	$12K	$258K	20x	as long as short
Nado EURUSD-PERPlong	+0.0010%	1h	1.1466	long leg	$466K	$265K	40x
Lighter EURUSD	+0.0024%	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	−0.018%	$6.7M	$1.7M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.039%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1495	+0.257%	—	$287K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	−0.014%	$190K	$146K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	+0.075%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0112%	1h	1.1473	+0.062%	$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	+0.008%	$166K	$8.4M	30x	as long as short