EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.020%

Price spread now: Pacifica against tradeXYZ−0.044%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on tradeXYZ Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.044%, 7d avg −0.045%

Together, before fees+0.166%+ Points / potential airdroptradeXYZ: Active · Pacifica: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.109%, 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	1.1477	0.0189	pay 0.0024% / 1h	1m 44s	$23.3M	$1.8M	50x
Short	Pacifica EURUSD	1.1472	0.0100	get 0.0013% / 1h	1m 44s	$190K	$61K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.044%Rate

Funding earned: −$18.61
Price spread: −0.044% → −0.045%: $0.19
Slippage, 4 orders: −$24.59
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$69
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Pacifica: live order book, 61 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, 7 min ago	0.87 bp	11.3 bp −$11	17.6 bp −$176	doesn't fit	doesn't fit
Sell Pacifica live order book, 61 min ago	3.05 bp	13.9 bp −$14	doesn't fit	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	−0.0164%	4h	1.1473	−0.035%	$6.8M	$138K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.038%	$584K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1474	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.044%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.070%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	−0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1475	−0.017%	$12K	$260K	20x	as long as short
Nado EURUSD-PERP	+0.0006%	1h	1.1473	−0.038%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1469	−0.066%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.092%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1501	+0.212%	—	$264K	100x	as long as short
Hibachi EUR/USDT-P	+0.0072%	1h	1.1470	−0.064%	$158K	$8.2M	30x	as long as short
Pacifica EURUSDshort	+0.0100%	1h	1.1472	−0.044%	$190K	$61K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.003%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1468	−0.074%	$3K	—	50x	as long as short
Hotstuff EURUSD-PERP	+0.0144%	1h	1.1477	0.000%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0152%	1h	1.1482	+0.040%	$2.1M	$444K	50x	as long as short
tradeXYZ xyz:EURlong	+0.0189%	1h	1.1477	long leg	$23.3M	$1.8M	50x