Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.023%

Price spread now: HTX against Orderly+0.078%7-day average −0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.078%, 7d avg −0.010%

Together, before fees−0.336%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.088% dearer against Orderly than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EURUSD_USDC	1.1465	0	get 0.0000% / 8h	39m 19s	$198K	$111K	50x
Short	HTX EURUSD-USDT	1.1474	0	get 0.0000% / 1h	39m 19s	$13K	$255K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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 OrderlybpFee HTXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → −0.010%: $8.83
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$9.17
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 37 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell HTX live order book, 37 min ago	5.23 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_USDT	−0.0128%	4h	1.1466	+0.009%	$6.8M	$152K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.015%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0004%	1h	1.1467	+0.013%	$466K	$265K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1476	+0.092%	$2.1M	$534K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1478	+0.110%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1477	+0.105%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.052%	$250K	$27K	100x	as long as short
Orderly PERP_EURUSD_USDClong	0.0000%	8h	1.1465	long leg	$198K	$111K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1471	+0.052%	—	$2.6M	10x	as long as short
HTX EURUSD-USDTshort	0.0000%	1h	1.1474	+0.078%	$13K	$255K	20x

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	−0.005%	$6.7M	$1.8M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.047%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.271%	—	$287K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0080%	1h	1.1473	+0.070%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1465	+0.002%	$190K	$147K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1474	+0.083%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0168%	1h	1.1467	+0.014%	$167K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0171%	1h	1.1473	+0.070%	$23.2M	$2.4M	50x	as long as short