Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Lighter against SunX+0.027%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2082.085% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.027%, 7d avg +0.054%

Together, before fees+0.040%+ Points / potential airdropLighter: Season 3 · farm board+$4 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: Lighter is 0.027% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EURUSD-USDT	1.1442	0	get 0.0000% / 1h	28m 52s	—	$2.3M	10x
Short	Lighter EURUSD	1.1445	0	get 0.0000% / 1h	28m 52s	$2.1M	$549K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.054%: −$2.72
Slippage, 4 orders: −$200.46
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$211.18
Costs to cover: 2.085%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Lighter: live order book, 3 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, 8 min ago	81.26 bp	99.6 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.13 bp	6.3 bp −$6	10.3 bp −$103	42.8 bp −$4,283	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	−0.0324%	4h	1.1440	−0.017%	$6.8M	$141K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0131%	1h	1.1434	−0.074%	$3K	—	50x	as long as short
Lighter EURUSDshort	0.0000%	1h	1.1445	+0.027%	$2.1M	$549K	50x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1437	−0.044%	$246K	$122K	50x	as long as short
SunX EURUSD-USDTlong	0.0000%	1h	1.1442	long leg	—	$2.3M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1445	+0.026%	$12K	$273K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1437	−0.048%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.213%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1469	+0.235%	—	$224K	100x	as long as short
Bitget EURUSDUSDT	+0.0056%	8h	1.1470	+0.245%	$263K	$25K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica EURUSD	+0.0100%	1h	1.1438	−0.035%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1442	0.000%	$12K	—	10x	as long as short
Nado EURUSD-PERP	+0.0105%	1h	1.1440	−0.016%	$465K	$159K	40x	as long as short
Gate EURUSD_USDT	+0.0200%	8h	1.1462	+0.175%	$144K	$3K	100x	as long as short
tradeXYZ xyz:EUR	+0.0247%	1h	1.1440	−0.017%	$23.1M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0296%	1h	1.1444	+0.017%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0448%	1h	1.1441	−0.005%	$167K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.2039%	8h	1.1473	+0.267%	$602K	$321K	100x	as long as short