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

NZD

RWAall NZD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRnext payment $0.06 per $10,000 · paid last 24h −0.061%
Price spread now: Hibachi against Vest−0.209%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Hibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hibachi is 0.209% cheaper against Vest than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest NZD-USD-PERP0.57500.0046pay 0.0006% / 1h39m 15s100x
ShortHibachi NZD/USDT-P0.57380get 0.0000% / 1h39m 15s$5K$2.6M20x

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

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

Funding earned
−$9.59
Price spread: −0.209% → 0.000%
−$20.92
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$41.52
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Hibachi: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Hibachi live order book, 5 min ago0.17 bp30.9 bp −$3159.1 bp −$591doesn'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.

NZD on 2 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
Hibachi NZD/USDT-Pshort0.0000%1h0.5738−0.209%$5K$2.6M20x
Vest NZD-USD-PERPlong+0.0046%1h0.5750long leg100x