Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Bybit+0.073%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$970.973% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.073%, 7d avg −0.015%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.088% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1471	0	get 0.0000% / 8h	6h 59m	$584K	$279K	100x
Short	HTX EURUSD-USDT	1.1479	0	get 0.0000% / 1h	59m 07s	$13K	$258K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee HTXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.015%: $8.85
Slippage, 4 orders: −$74.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$88.47
Costs to cover: 0.973%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; HTX: live order book, 8 min ago.

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 Bybit live order book, 1 min ago	6.58 bp	23.3 bp −$23	48.2 bp −$482	doesn't fit	doesn't fit
Sell HTX live order book, 8 min ago	6.54 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_EURUSD	−0.0211%	1h	1.1471	+0.002%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0134%	4h	1.1473	+0.021%	$6.8M	$138K	100x	as long as short
Nado EURUSD-PERP	−0.0005%	1h	1.1473	+0.024%	$467K	$175K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1479	+0.071%	$2.1M	$441K	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1471	long leg	$584K	$279K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.047%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1473	+0.021%	$251K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1470	−0.005%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1479	+0.073%	—	$2.5M	10x	as long as short
HTX EURUSD-USDTshort	0.0000%	1h	1.1479	+0.073%	$13K	$258K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1470	−0.004%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.002%	$9K	$78K	101x	as long as short
Hibachi EUR/USDT-P	+0.0040%	1h	1.1470	−0.004%	$160K	$8.3M	30x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1502	+0.270%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1471	+0.007%	$190K	$126K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1478	+0.066%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0176%	1h	1.1480	+0.082%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0186%	1h	1.1479	+0.073%	$23.2M	$1.9M	50x	as long as short