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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h −0.077%
Price spread now: Hotstuff against Pacifica+0.065%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hotstuff is 0.065% dearer against Pacifica than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica EURUSD1.14660.0100pay 0.0013% / 1h34m 23s$190K$187K50x
ShortHotstuff EURUSD-PERP1.14730.0152get 0.0019% / 1h34m 23s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Pacifica. 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
$10.92
Price spread: +0.065% → 0.000%
$6.52
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$4.44
Costs to cover
0.130%
Break-even
4.2 days
Slippage unknown: Pacifica: live order book, 48 min ago; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 48 min ago3.49 bp13.1 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EUR_USDT−0.0170%4h1.1466+0.004%$6.8M$155K100xas long as short
Kraken Futures PF_EURUSD−0.0125%1h1.1464−0.015%$3K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1484+0.162%$593K$529K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1478+0.109%$142K$10K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472+0.057%$250K$70K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1465−0.005%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1472+0.057%$2.6M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1473+0.065%$13K$247K20xas long as short
Lighter EURUSD+0.0024%1h1.1477+0.104%$2.2M$846K50xas long as short
Extended EUR-USD+0.0032%1h1.1465−0.006%$6.7M$1.9M100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective EURUSD/USDC PERP+0.0033%1h1.1470+0.043%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0037%1h1.1496+0.268%$287K100xas long as short
Nado EURUSD-PERP+0.0041%1h1.1467+0.010%$466K$286K40xas long as short
Hibachi EUR/USDT-P+0.0072%1h1.1467+0.009%$171K$9.3M30xas long as short
Pacifica EURUSDlong+0.0100%1h1.1466long leg$190K$187K50x
Aevo EURUSD-PERP+0.0104%1h1.1476+0.091%$12K10xas long as short
Hotstuff EURUSD-PERPshort+0.0152%1h1.1473+0.065%$33K50x
tradeXYZ xyz:EUR+0.0167%1h1.1472+0.057%$23.2M$2.4M50xas long as short