Settings8H · net · $10k
Funding arb · Price arb /

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0202%/8h= +22.2% APRnext payment +$0.25 per $10,000 · paid last 24h +0.023%
Price spread now: Hibachi against Vest−0.266%7-day average −0.267% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.044%+$4 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.266%, 7d avg −0.267%
Together, before fees+0.083%+ Points / potential airdropVest: Active · Hibachi: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.267%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.044% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest EUR-USD-PERP1.14980.0046pay 0.0006% / 1h56m 26s$190K100x
ShortHibachi EUR/USDT-P1.14670.0248get 0.0031% / 1h56m 26s$216K$8.5M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Vest. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$42.49
Price spread: −0.266% → −0.267%
$0.15
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$31.64
Costs to cover
0.110%
Break-even
1.8 days
Slippage unknown: Vest: no order-book sample; Hibachi: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Hibachi live order book, 1 min ago0.04 bp4.5 bp −$521.4 bp −$214doesn't fitdoesn't fit
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EUR on 18 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EURUSD-PERP−0.0800%1h1.1470−0.243%$33K50xas long as short
MEXC EUR_USDT−0.0144%4h1.1468−0.260%$6.8M$144K100xas long as short
Kraken Futures PF_EURUSD−0.0112%1h1.1462−0.308%$3K50xas long as short
Nado EURUSD-PERP−0.0021%1h1.1470−0.239%$191K$293K40xas long as short
Lighter EURUSD0.0000%1h1.1475−0.199%$2.1M$501K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1486−0.107%$625K$351K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1473−0.217%$144K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1477−0.182%$261K$26K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1465−0.287%$247K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1471−0.234%$1.6M10xas long as short
Show all 18 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EURUSD-USDT0.0000%1h1.1472−0.226%$12K$271K20xas long as short
Extended EUR-USD+0.0032%1h1.1466−0.280%$6.8M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.274%$9K$78K101xas long as short
Vest EUR-USD-PERPlong+0.0046%1h1.1498long leg$190K100x
tradeXYZ xyz:EUR+0.0076%1h1.1471−0.234%$22.9M$1.7M50xas long as short
Pacifica EURUSD+0.0100%1h1.1466−0.274%$196K$64K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1472−0.230%$12K10xas long as short
Hibachi EUR/USDT-Pshort+0.0248%1h1.1467−0.266%$216K$8.5M30x