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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h −0.002%
Price spread now: Hotstuff against Hibachi+0.087%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropHibachi: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hotstuff is 0.087% dearer against Hibachi than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi EUR/USDT-P1.1472−0.0208get 0.0026% / 1h37m 53s$167K$8.3M30x
ShortHotstuff EURUSD-PERP1.14820.0144get 0.0018% / 1h37m 53s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Hibachi. 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
$73.92
Price spread: +0.087% → 0.000%
$8.69
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$68.61
Costs to cover
0.140%
Break-even
0.5 days
Slippage unknown: Hibachi: live order book, 1 min ago; Hotstuff: 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 Hibachi live order book, 1 min ago0.04 bp4.7 bp −$518.2 bp −$182doesn't fitdoesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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
Hibachi EUR/USDT-Plong−0.0208%1h1.1472long leg$167K$8.3M30x
Kraken Futures PF_EURUSD−0.0179%1h1.1474+0.016%$3K50xas long as short
MEXC EUR_USDT−0.0144%4h1.1479+0.061%$6.8M$133K100xas long as short
Lighter EURUSD0.0000%1h1.1485+0.111%$2.1M$415K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1480+0.070%$585K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1479+0.061%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1478+0.052%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1475+0.026%$198K$73K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1482+0.087%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1484+0.104%$12K$264K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0015%1h1.1478+0.054%$467K$153K40xas long as short
Extended EUR-USD+0.0032%1h1.1475+0.025%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.049%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1507+0.303%$265K100xas long as short
Pacifica EURUSD+0.0100%1h1.1478+0.052%$191K$63K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1482+0.089%$12K10xas long as short
Hotstuff EURUSD-PERPshort+0.0144%1h1.1482+0.087%$33K50x
tradeXYZ xyz:EUR+0.0186%1h1.1482+0.087%$23.3M$1.7M50xas long as short