EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Hibachi+0.028%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on Hibachi Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.028%, 7d avg 0.000%

Together, before fees−0.177%+ Points / potential airdropHibachi: Active · Pacifica: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.028% dearer against Hibachi than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of 0.000%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi EUR/USDT-P	1.1465	0.0192	pay 0.0024% / 1h	32m 27s	$163K	$8.3M	30x
Short	Pacifica EURUSD	1.1468	0.0100	get 0.0013% / 1h	32m 27s	$191K	$60K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee HibachibpFee PacificabpOrdersPrice spread, now +0.028%Rate

Funding earned: −$19.32
Price spread: +0.028% → 0.000%: $2.76
Slippage, 4 orders: −$18.49
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$52.05
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Hibachi: live order book, 2 min ago; Pacifica: live order book, 5 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 Hibachi live order book, 2 min ago	0.04 bp	4.5 bp −$5	18.1 bp −$181	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	2.62 bp	14.4 bp −$14	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	+0.011%	$6.8M	$134K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1461	−0.034%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1481	+0.142%	$580K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1475	+0.089%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.063%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1463	−0.016%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1470	+0.045%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1468	+0.028%	$13K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1462	−0.029%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.014%	$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	+0.0043%	1h	1.1465	−0.001%	$467K	$159K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1493	+0.250%	—	$241K	100x	as long as short
Pacifica EURUSDshort	+0.0100%	1h	1.1468	+0.028%	$191K	$60K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1473	+0.068%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0176%	1h	1.1471	+0.054%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0192%	1h	1.1475	+0.089%	$2.1M	$432K	50x	as long as short
Hibachi EUR/USDT-Plong	+0.0192%	1h	1.1465	long leg	$163K	$8.3M	30x
tradeXYZ xyz:EUR	+0.0213%	1h	1.1468	+0.028%	$23.2M	$1.6M	50x	as long as short