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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.017%
Price spread now: Pacifica against Vest−0.273%49s7-day average −0.251% · 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 3 days (all we have)+0.095%+$9 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.273%, 7d avg −0.251%
Together, before fees+0.086%+ Points / potential airdropVest: Active · Pacifica: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.022% cheaper against Vest than usual: you would sell low and buy high (spread −0.273% now, against its 7-day average of −0.251%). If the spread goes back, that is −$2 on $10k: about 32 hours of funding at the current rate (+$2 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest EUR-USD-PERP1.14990.0046pay 0.0006% / 1h44m 45s$264K100x
ShortPacifica EURUSD1.14670.0100get 0.0013% / 1h44m 45s$190K$100K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$11.41
Price spread: −0.273% → −0.251%
−$2.21
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$0.8
Costs to cover
0.100%
Break-even
7.5 days
Slippage unknown: Vest: no order-book sample; Pacifica: live order book, 23 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 Pacifica live order book, 23 min ago2.62 bp14.3 bp −$14doesn't fitdoesn'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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_EURUSD−0.0211%1h1.1469−0.259%$3K50xas long as short
MEXC EUR_USDT−0.0180%4h1.1470−0.250%$6.8M$139K100xas long as short
Lighter EURUSD0.0000%1h1.1478−0.180%$2.1M$441K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1470−0.250%$584K$279K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476−0.197%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1473−0.223%$253K$21K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1467−0.276%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1477−0.189%$2.5M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1478−0.180%$12K$257K20xas long as short
Extended EUR-USD+0.0032%1h1.1467−0.276%$6.7M$1.3M100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective EURUSD/USDC PERP+0.0033%1h1.1470−0.246%$9K$78K101xas long as short
Nado EURUSD-PERP+0.0037%1h1.1470−0.251%$466K$164K40xas long as short
Vest EUR-USD-PERPlong+0.0046%1h1.1499long leg$264K100x
Hibachi EUR/USDT-P+0.0048%1h1.1470−0.253%$171K$8.3M30xas long as short
Pacifica EURUSDshort+0.0100%1h1.1467−0.273%$190K$100K50x
Aevo EURUSD-PERP+0.0104%1h1.1476−0.193%$12K10xas long as short
tradeXYZ xyz:EUR+0.0221%1h1.1477−0.189%$23.2M$1.9M50xas long as short
Hotstuff EURUSD-PERP+0.0240%1h1.1477−0.189%$33K50xas long as short