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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0235%/8h= −25.7% APRnext payment $0.29 per $10,000 · paid last 24h −0.036%
Price spread now: Kraken Futures against Aevo−0.083%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.083% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo EURUSD-PERP1.14440.0104pay 0.0013% / 1h20m 00s$12K10x
ShortKraken Futures PF_EURUSD1.1435−0.0131pay 0.0016% / 1h20m 00s$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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
−$49.36
Price spread: −0.083% → 0.000%
−$8.33
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$83.7
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Kraken Futures: no order-book sample. 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 Aevo no order-book sample
Sell Kraken Futures no order-book sample
Aevo and Kraken Futures: 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_EURUSDshort−0.0131%1h1.1435−0.083%$3K50x
MEXC EUR_USDT−0.0030%4h1.1441−0.030%$6.8M$142K100xas long as short
Lighter EURUSD0.0000%1h1.1448+0.028%$2.1M$554K50xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1439−0.047%$246K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1442−0.021%$2.2M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1448+0.031%$12K$274K20xas long as short
Extended EUR-USD+0.0032%1h1.1440−0.037%$6.8M$1.4M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.192%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1471+0.232%$224K100xas long as short
Nado EURUSD-PERP+0.0074%1h1.1442−0.023%$193K$296K40xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget EURUSDUSDT+0.0089%8h1.1470+0.224%$263K$27K100xas long as short
Pacifica EURUSD+0.0100%1h1.1439−0.044%$191K$60K50xas long as short
Aevo EURUSD-PERPlong+0.0104%1h1.1444long leg$12K10x
Gate EURUSD_USDT+0.0200%8h1.1462+0.154%$144K$3K100xas long as short
tradeXYZ xyz:EUR+0.0211%1h1.1443−0.012%$23.1M$1.9M50xas long as short
Hotstuff EURUSD-PERP+0.0240%1h1.1445+0.005%$33K50xas long as short
Hibachi EUR/USDT-P+0.0464%1h1.1443−0.016%$158K$8.4M30xas long as short
Bybit EURUSDUSDT+0.1882%8h1.1473+0.247%$606K$324K100xas long as short