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 −0.055%

Price spread now: SunX against Orderly+0.070%7-day average +0.034% · you sell dearer than you buy

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.070%, 7d avg +0.034%

Together, before fees−0.381%−$38 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: SunX is 0.035% dearer against Orderly than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EURUSD_USDC	1.1464	0	get 0.0000% / 8h	18m 00s	$198K	$111K	50x
Short	SunX EURUSD-USDT	1.1472	0	get 0.0000% / 1h	18m 00s	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.034%: $3.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.46
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	81.07 bp	99.9 bp −$100	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	−0.0132%	4h	1.1466	+0.017%	$6.8M	$153K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.005%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1472	+0.072%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1483	+0.166%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.070%	$250K	$26K	100x	as long as short
Orderly PERP_EURUSD_USDClong	0.0000%	8h	1.1464	long leg	$198K	$111K	50x
SunX EURUSD-USDTshort	0.0000%	1h	1.1472	+0.070%	—	$2.6M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1470	+0.052%	$13K	$258K	20x	as long as short
Nado EURUSD-PERP	+0.0009%	1h	1.1466	+0.015%	$466K	$265K	40x	as long as short
Lighter EURUSD	+0.0016%	1h	1.1476	+0.101%	$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	−0.003%	$6.7M	$1.8M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.056%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1495	+0.273%	—	$287K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	+0.002%	$190K	$146K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	+0.094%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0112%	1h	1.1473	+0.079%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0187%	1h	1.1471	+0.061%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0200%	1h	1.1467	+0.024%	$170K	$8.4M	30x	as long as short