Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0186%/8h= −20.3% APRpaid last 24h −0.068%

Price spread now: MEXC against Vest−0.267%7-day average −0.215% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.240%−$24 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.267%, 7d avg −0.215%

Together, before fees−0.185%+ Points / potential airdropVest: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.053% cheaper against Vest than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.215%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest EUR-USD-PERP	1.1487	0.0046	pay 0.0006% / 1h	57m 28s	—	$225K	100x
Short	MEXC EUR_USDT	1.1456	−0.0140	pay 0.0070% / 4h	2h 57m	$6.8M	$140K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee VestbpFee MEXCbpOrdersPrice spread, now −0.267%Rate

Funding earned: −$38.99
Price spread: −0.267% → −0.215%: −$5.26
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$54.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.87 bp	4.9 bp −$5	5.4 bp −$54	38.1 bp −$3,806	146.8 bp −$73.4K

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 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_USDTshort	−0.0140%	4h	1.1456	−0.267%	$6.8M	$140K	100x
Kraken Futures PF_EURUSD	−0.0140%	1h	1.1452	−0.301%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0003%	1h	1.1458	−0.251%	$191K	$301K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1463	−0.209%	$2.1M	$512K	50x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1463	−0.206%	$144K	$3K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1455	−0.276%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1460	−0.232%	—	$2.1M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1461	−0.224%	$12K	$274K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1454	−0.283%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.177%	$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-PERPlong	+0.0046%	1h	1.1487	long leg	—	$225K	100x
Hotstuff EURUSD-PERP	+0.0056%	1h	1.1460	−0.232%	$33K	—	50x	as long as short
Bitget EURUSDUSDT	+0.0070%	8h	1.1469	−0.154%	$263K	$27K	100x	as long as short
tradeXYZ xyz:EUR	+0.0076%	1h	1.1461	−0.224%	$23.1M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1455	−0.274%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1461	−0.224%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0432%	1h	1.1461	−0.220%	$155K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.0554%	8h	1.1470	−0.145%	$606K	$325K	100x	as long as short