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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.047%
Price spread now: tradeXYZ against SunX+0.009%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2202.201% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.139%+$14 on $10k
Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.009%, 7d avg +0.010%
Together, before fees+0.132%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX EURUSD-USDT1.14730get 0.0000% / 1h21m 41s$2.6M10x
ShorttradeXYZ xyz:EUR1.14740.0105get 0.0013% / 1h21m 41s$23.2M$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$22.04
Price spread: +0.009% → +0.010%
−$0.12
Slippage, 4 orders
−$194.07
Fee SunX: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$198.15
Costs to cover
2.201%
Break-even
69.9 days
Slippage from SunX: live order book, 5 min ago; tradeXYZ: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago80.62 bp98.5 bp −$98doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 7 min ago0.87 bp9.9 bp −$1011.7 bp −$117doesn't fitdoesn't fit

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−0.0152%4h1.1471−0.017%$6.8M$152K100xas long as short
Kraken Futures PF_EURUSD−0.0052%1h1.1465−0.071%$3K50xas long as short
Nado EURUSD-PERP−0.0009%1h1.1471−0.016%$466K$177K40xas long as short
Lighter EURUSD0.0000%1h1.1475+0.018%$2.1M$421K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1470−0.026%$584K$279K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1474+0.009%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472−0.009%$251K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1468−0.044%$198K$111K50xas long as short
SunX EURUSD-USDTlong0.0000%1h1.1473long leg$2.6M10x
HTX EURUSD-USDT0.0000%1h1.1475+0.017%$13K$257K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EUR-USD+0.0032%1h1.1469−0.039%$6.7M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470−0.023%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1500+0.235%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1469−0.031%$190K$126K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1472−0.006%$12K10xas long as short
tradeXYZ xyz:EURshort+0.0105%1h1.1474+0.009%$23.2M$1.9M50x
Hotstuff EURUSD-PERP+0.0128%1h1.1474+0.009%$33K50xas long as short
Hibachi EUR/USDT-P+0.0136%1h1.1469−0.036%$160K$8.3M30xas long as short