Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bybit−0.093%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2262.264% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.093%, 7d avg +0.025%

Together, before fees+0.325%+$32 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: SunX is 0.118% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1481	0	get 0.0000% / 8h	32m 59s	$580K	$311K	100x
Short	SunX EURUSD-USDT	1.1470	0	get 0.0000% / 1h	32m 59s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.025%: −$11.85
Slippage, 4 orders: −$207.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$238.28
Costs to cover: 2.264%
Break-even: never at this rate

Slippage from Bybit: live order book, 62 min ago; SunX: live order book, 4 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, 62 min ago	4.00 bp	10.4 bp −$10	44.4 bp −$444	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	81.51 bp	100.2 bp −$100	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
MEXC EUR_USDT	−0.0400%	4h	1.1466	−0.128%	$6.8M	$134K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1461	−0.172%	$3K	—	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1481	long leg	$580K	$311K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1475	−0.050%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1473	−0.067%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1463	−0.154%	$247K	$122K	50x	as long as short
SunX EURUSD-USDTshort	0.0000%	1h	1.1470	−0.093%	—	$2.4M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1468	−0.111%	$13K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1462	−0.166%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.125%	$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
Nado EURUSD-PERP	+0.0042%	1h	1.1466	−0.129%	$467K	$159K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1494	+0.120%	—	$241K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1468	−0.111%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1473	−0.071%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0176%	1h	1.1471	−0.084%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0192%	1h	1.1475	−0.048%	$2.1M	$432K	50x	as long as short
Hibachi EUR/USDT-P	+0.0192%	1h	1.1465	−0.139%	$163K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0214%	1h	1.1469	−0.102%	$23.2M	$1.6M	50x	as long as short