Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX+0.148%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$327as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$3313.314% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.148%, 7d avg −0.043%

Together, before fees−0.110%−$11 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 0.191% dearer against SunX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EURUSD-USDT	1.1477	0	get 0.0000% / 1h	39m 43s	—	$2.4M	10x
Short	HTX EURUSD-USDT	1.1494	0	get 0.0000% / 1h	39m 43s	$12K	$261K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → −0.043%: $19.08
Slippage, 4 orders: −$311.41
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$312.33
Costs to cover: 3.314%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; HTX: live order book, 17 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 SunX live order book, 7 min ago	81.03 bp	98.8 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 17 min ago	28.33 bp	70.6 bp −$71	doesn't fit	doesn't fit	doesn't fit

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	−0.0180%	4h	1.1474	−0.026%	$6.8M	$134K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1468	−0.075%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0024%	1h	1.1470	−0.058%	$163K	$8.2M	30x	as long as short
Nado EURUSD-PERP	−0.0001%	1h	1.1474	−0.029%	$467K	$153K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.038%	$584K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1474	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1473	−0.035%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1471	−0.052%	$198K	$111K	50x	as long as short
SunX EURUSD-USDTlong	0.0000%	1h	1.1477	long leg	—	$2.4M	10x
HTX EURUSD-USDTshort	0.0000%	1h	1.1494	+0.148%	$12K	$261K	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	1.1471	−0.055%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.092%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1503	+0.224%	—	$264K	100x	as long as short
Lighter EURUSD	+0.0064%	1h	1.1482	+0.045%	$2.1M	$435K	50x	as long as short
Hotstuff EURUSD-PERP	+0.0064%	1h	1.1477	0.000%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1474	−0.026%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1479	+0.013%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0138%	1h	1.1477	0.000%	$23.3M	$1.8M	50x	as long as short