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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.037%
Price spread now: Hibachi against Extended+0.045%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.192% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.278%+$28 on $10k
Price spread, last 7 days−0.018%−$2 · spread now +0.045%, 7d avg +0.037%
Together, before fees+0.260%+ Points / potential airdropExtended: Active · Hibachi: Active · farm board+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended EUR-USD1.14630.0032pay 0.0004% / 1h14m 33s$6.7M$1.3M100x
ShortHibachi EUR/USDT-P1.14690.0176get 0.0022% / 1h14m 33s$171K$8.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Extended. 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
$30.24
Price spread: +0.045% → +0.037%
$0.84
Slippage, 4 orders
−$5.19
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$11.89
Costs to cover
0.192%
Break-even
4.2 days
Slippage from Extended: live order book, 4 min ago; Hibachi: live order book, 5 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 Extended live order book, 4 min ago0.04 bp5.4 bp −$58.8 bp −$88doesn't fitdoesn't fit
Sell Hibachi live order book, 5 min ago0.04 bp4.5 bp −$517.3 bp −$173doesn'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
Kraken Futures PF_EURUSD−0.0211%1h1.1468+0.038%$3K50xas long as short
MEXC EUR_USDT−0.0180%4h1.1467+0.031%$6.8M$141K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1472+0.071%$582K$280K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476+0.109%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471+0.066%$253K$21K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1465+0.014%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1476+0.109%$2.5M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1469+0.048%$12K$257K20xas long as short
Extended EUR-USDlong+0.0032%1h1.1463long leg$6.7M$1.3M100x
Injective EURUSD/USDC PERP+0.0033%1h1.1470+0.061%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0045%1h1.1467+0.032%$466K$155K40xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1496+0.281%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1468+0.040%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1476+0.112%$12K10xas long as short
Lighter EURUSD+0.0152%1h1.1478+0.130%$2.1M$441K50xas long as short
Hibachi EUR/USDT-Pshort+0.0176%1h1.1469+0.045%$171K$8.3M30x
tradeXYZ xyz:EUR+0.0252%1h1.1474+0.092%$23.3M$1.8M50xas long as short
Hotstuff EURUSD-PERP+0.0256%1h1.1475+0.101%$33K50xas long as short