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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.055%
Price spread now: tradeXYZ against Nado+0.051%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$290.294% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.060%+$6 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.051%, 7d avg +0.046%
Together, before fees+0.018%+ Points / potential airdropNado: Active · tradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado EURUSD-PERP1.14750.0059pay 0.0007% / 1h8m 22s$467K$153K40x
ShorttradeXYZ xyz:EUR1.14810.0138get 0.0017% / 1h8m 22s$23.3M$1.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
$16.52
Price spread: +0.051% → +0.046%
$0.47
Slippage, 4 orders
−$9.96
Fee Nado: 0.7 bp × 2 orders
−$1.4
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$12.37
Costs to cover
0.294%
Break-even
12.2 days
Slippage from Nado: live order book, 40 min ago; tradeXYZ: live order book, 11 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, 40 min ago1.18 bp2.9 bp −$33.8 bp −$38doesn't fitdoesn't fit
Sell tradeXYZ live order book, 11 min ago1.74 bp13.3 bp −$1316.3 bp −$163doesn'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−0.0158%4h1.1477+0.016%$6.8M$135K100xas long as short
Kraken Futures PF_EURUSD−0.0132%1h1.1472−0.025%$3K50xas long as short
Lighter EURUSD0.0000%1h1.1485+0.084%$2.2M$432K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1489+0.121%$579K$312K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1477+0.016%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1476+0.007%$261K$25K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1472−0.028%$198K$73K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1480+0.042%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1479+0.033%$12K$263K20xas long as short
Extended EUR-USD+0.0032%1h1.1472−0.025%$6.8M$1.2M100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi EUR/USDT-P+0.0032%1h1.1475+0.002%$195K$8.3M30xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.076%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1504+0.253%$264K100xas long as short
Nado EURUSD-PERPlong+0.0059%1h1.1475long leg$467K$153K40x
Pacifica EURUSD+0.0100%1h1.1477+0.016%$191K$63K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1482+0.062%$12K10xas long as short
Hotstuff EURUSD-PERP+0.0120%1h1.1481+0.051%$33K50xas long as short
tradeXYZ xyz:EURshort+0.0138%1h1.1481+0.051%$23.3M$1.6M50x