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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.050%
Price spread now: tradeXYZ against Bybit+0.047%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$540.543% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.354%+$35 on $10k
Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.047%, 7d avg +0.036%
Together, before fees+0.311%+ Points / potential airdroptradeXYZ: Active · farm board+$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EURUSDUSDT1.14730get 0.0000% / 8h5h 00m$584K$223K100x
ShorttradeXYZ xyz:EUR1.14780.0188get 0.0024% / 1h0m 08s$23.3M$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$39.51
Price spread: +0.047% → +0.036%
$1.07
Slippage, 4 orders
−$25.31
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$13.73
Costs to cover
0.543%
Break-even
9.4 days
Slippage from Bybit: live order book, 55 min ago; tradeXYZ: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 55 min ago4.36 bp17.0 bp −$1745.3 bp −$453doesn't fitdoesn't fit
Sell tradeXYZ live order book, 9 min ago0.87 bp12.1 bp −$1214.7 bp −$147doesn't fitdoesn't fit

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
MEXC EUR_USDT−0.0176%4h1.1473+0.003%$6.8M$139K100xas long as short
Bybit EURUSDUSDTlong0.0000%8h1.1473long leg$584K$223K100x
Gate EURUSD_USDT0.0000%8h1.1474+0.012%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472−0.005%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1470−0.023%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1477+0.038%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1479+0.056%$13K$260K20xas long as short
Nado EURUSD-PERP+0.0007%1h1.14730.000%$467K$153K40xas long as short
Extended EUR-USD+0.0032%1h1.1470−0.023%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.054%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1501+0.250%$264K100xas long as short
Hibachi EUR/USDT-P+0.0056%1h1.1470−0.026%$158K$8.2M30xas long as short
Pacifica EURUSD+0.0100%1h1.1472−0.005%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1478+0.043%$12K10xas long as short
Kraken Futures PF_EURUSD+0.0119%1h1.1468−0.036%$3K50xas long as short
Hotstuff EURUSD-PERP+0.0144%1h1.1477+0.038%$33K50xas long as short
Lighter EURUSD+0.0152%1h1.1482+0.080%$2.1M$444K50xas long as short
tradeXYZ xyz:EURshort+0.0188%1h1.1478+0.047%$23.3M$1.8M50x