Funding you earn now, next payment 02:00 UTC−0.0205%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h −0.038%
Price spread now: Extended against tradeXYZ−0.088%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.088%, 7d avg −0.068%
=Together, before fees−0.024%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.068%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:EUR | 1.1477 | 0.0237 | pay 0.0030% / 1h | 33m 52s | $23.3M | $1.9M | 50x |
| Short | Extended EUR-USD | 1.1467 | 0.0032 | get 0.0004% / 1h | 33m 52s | $6.7M | $1.3M | 100x |
tradeXYZ xyz:EUR
Extended EUR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.03
- Price spread: −0.088% → −0.068%
- −$2.08
- Slippage, 4 orders
- −$9.95
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$78.06
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Extended: live order book, 5 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 tradeXYZ live order book, 4 min ago | 0.44 bp | 9.8 bp −$10 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.04 bp | 4.9 bp −$5 | 10.3 bp −$103 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_EURUSD | −0.0211% | 1h | 1.1469 | −0.071% | $3K | — | 50x | as long as short |
| MEXC EUR_USDT | −0.0174% | 4h | 1.1469 | −0.070% | $6.8M | $139K | 100x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1474 | −0.029% | $582K | $280K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | −0.009% | $142K | $4K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1471 | −0.052% | $253K | $21K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1466 | −0.096% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1477 | 0.000% | — | $2.5M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1476 | −0.009% | $13K | $257K | 20x | as long as short |
| Extended EUR-USDshort | +0.0032% | 1h | 1.1467 | −0.088% | $6.7M | $1.3M | 100x | |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1470 | −0.058% | $9K | $78K | 101x | as long as short |
Kraken Futures PF_EURUSD
MEXC EUR_USDT
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado EURUSD-PERP | +0.0041% | 1h | 1.1469 | −0.069% | $466K | $156K | 40x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1498 | +0.183% | — | $264K | 100x | as long as short |
| Lighter EURUSD | +0.0080% | 1h | 1.1480 | +0.022% | $2.1M | $441K | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0080% | 1h | 1.1470 | −0.065% | $173K | $8.3M | 30x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1466 | −0.092% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1477 | −0.001% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0232% | 1h | 1.1477 | 0.000% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EURlong | +0.0237% | 1h | 1.1477 | long leg | $23.3M | $1.9M | 50x |
Nado EURUSD-PERP
Vest EUR-USD-PERP
Lighter EURUSD
Hibachi EUR/USDT-P
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP