Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0330%/8h= −36.1% APRpaid last 24h −0.105%

Price spread now: MEXC against tradeXYZ−0.026%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.478%−$48 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.026%, 7d avg +0.002%

Together, before fees−0.456%+ Points / potential airdroptradeXYZ: Active · farm board−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC is 0.028% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:EUR	1.1482	0.0186	pay 0.0023% / 1h	37m 55s	$23.3M	$1.7M	50x
Short	MEXC EUR_USDT	1.1479	−0.0144	pay 0.0072% / 4h	3h 37m	$6.8M	$133K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against tradeXYZ. 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 tradeXYZbpFee MEXCbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$69.33
Price spread: −0.026% → +0.002%: −$2.83
Slippage, 4 orders: −$6.83
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$104.99
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; MEXC: 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, 11 min ago	0.87 bp	11.7 bp −$12	16.8 bp −$168	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.87 bp	4.9 bp −$5	5.1 bp −$51	29.7 bp −$2,975	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
Hibachi EUR/USDT-P	−0.0208%	1h	1.1472	−0.087%	$167K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.071%	$3K	—	50x	as long as short
MEXC EUR_USDTshort	−0.0144%	4h	1.1479	−0.026%	$6.8M	$133K	100x
Lighter EURUSD	0.0000%	1h	1.1485	+0.024%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1480	−0.017%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1479	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1478	−0.035%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.061%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	0.000%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1484	+0.017%	$12K	$264K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0015%	1h	1.1478	−0.033%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1475	−0.061%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.136%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1507	+0.216%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.035%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	+0.002%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0144%	1h	1.1482	0.000%	$33K	—	50x	as long as short
tradeXYZ xyz:EURlong	+0.0186%	1h	1.1482	long leg	$23.3M	$1.7M	50x