Funding you earn now, next payment 08:00 UTC−0.0254%/8h= −27.9% APRnext payment −$0.32 per $10,000 · paid last 24h −0.052%
Price spread now: SunX against tradeXYZ+0.009%52s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2212.208% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.009%, 7d avg −0.010%
=Together, before fees−0.159%+ Points / potential airdroptradeXYZ: Active · farm board−$16 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: −$8 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 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 | 1.1472 | 0.0254 | pay 0.0032% / 1h | 57m 26s | $23.2M | $1.6M | 50x |
| Short | SunX EURUSD-USDT | 1.1473 | 0 | get 0.0000% / 1h | 57m 26s | — | $2.4M | 10x |
tradeXYZ xyz:EUR
SunX EURUSD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$53.41
- Price spread: +0.009% → −0.010%
- $1.83
- Slippage, 4 orders
- −$194.82
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$272.4
- Costs to cover
- 2.208%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 12 min ago; SunX: live order book, 9 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, 12 min ago | 1.74 bp | 11.1 bp −$11 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 80.63 bp | 99.5 bp −$99 | 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 | −0.0326% | 4h | 1.1467 | −0.044% | $6.8M | $132K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0020% | 1h | 1.1465 | −0.061% | $3K | — | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1482 | +0.089% | $580K | $311K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | +0.035% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | 0.000% | $263K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1460 | −0.105% | $198K | $73K | 50x | as long as short |
| SunX EURUSD-USDTshort | 0.0000% | 1h | 1.1473 | +0.009% | — | $2.4M | 10x | |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1471 | −0.009% | $13K | $272K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1463 | −0.082% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.049% | $9K | $78K | 101x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado EURUSD-PERP | +0.0036% | 1h | 1.1466 | −0.050% | $467K | $154K | 40x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1495 | +0.198% | — | $241K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1467 | −0.044% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1476 | +0.037% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0192% | 1h | 1.1474 | +0.017% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EURlong | +0.0254% | 1h | 1.1472 | long leg | $23.2M | $1.6M | 50x | |
| Hibachi EUR/USDT-P | +0.0264% | 1h | 1.1465 | −0.062% | $163K | $8.3M | 30x | as long as short |
| Lighter EURUSD | +0.0344% | 1h | 1.1479 | +0.061% | $2.2M | $383K | 50x | as long as short |
Nado EURUSD-PERP
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
Hibachi EUR/USDT-P
Lighter EURUSD