Funding you earn now, next payment 03:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.007%
Price spread now: Hibachi against tradeXYZ−0.050%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days+0.237%+$24 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.050%, 7d avg −0.027%
=Together, before fees+0.237%+ Points / potential airdroptradeXYZ: Active · Hibachi: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hibachi is 0.023% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.237%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:EUR | 1.1476 | 0.0213 | pay 0.0027% / 1h | 23m 31s | $23.3M | $1.8M | 50x |
| Short | Hibachi EUR/USDT-P | 1.1470 | 0.0184 | get 0.0023% / 1h | 23m 31s | $162K | $8.3M | 30x |
tradeXYZ xyz:EUR
Hibachi EUR/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi 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
- −$6.02
- Price spread: −0.050% → −0.027%
- −$2.31
- Slippage, 4 orders
- −$5.17
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$40.51
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Hibachi: live order book, 1 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 | 0.87 bp | 11.7 bp −$12 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Hibachi live order book, 1 min ago | 0.04 bp | 4.5 bp −$5 | 15.2 bp −$152 | 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 | −0.0162% | 4h | 1.1473 | −0.026% | $6.8M | $137K | 100x | as long as short |
| Nado EURUSD-PERP | −0.0003% | 1h | 1.1473 | −0.027% | $467K | $154K | 40x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.030% | $584K | $281K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1473 | −0.026% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.026% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1471 | −0.044% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1476 | 0.000% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1476 | 0.000% | $12K | $259K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1470 | −0.054% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.084% | $9K | $78K | 101x | as long as short |
MEXC EUR_USDT
Nado EURUSD-PERP
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1502 | +0.222% | — | $264K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1472 | −0.035% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1477 | +0.012% | $12K | — | 10x | as long as short |
| Kraken Futures PF_EURUSD | +0.0119% | 1h | 1.1467 | −0.075% | $3K | — | 50x | as long as short |
| Hotstuff EURUSD-PERP | +0.0184% | 1h | 1.1477 | +0.009% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-Pshort | +0.0184% | 1h | 1.1470 | −0.050% | $162K | $8.3M | 30x | |
| Lighter EURUSD | +0.0192% | 1h | 1.1482 | +0.051% | $2.1M | $444K | 50x | as long as short |
| tradeXYZ xyz:EURlong | +0.0213% | 1h | 1.1476 | long leg | $23.3M | $1.8M | 50x |
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Kraken Futures PF_EURUSD
Hotstuff EURUSD-PERP
Lighter EURUSD