Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Lighter against HTX+0.003%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now +0.003%, 7d avg +0.100%

Together, before fees+0.067%+ Points / potential airdropLighter: Season 3 · farm board+$7 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: Lighter is 0.096% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1478	0	get 0.0000% / 1h	57m 16s	$12K	$258K	20x
Short	Lighter EURUSD	1.1478	0	get 0.0000% / 1h	57m 16s	$2.1M	$441K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.100%: −$9.61
Slippage, 4 orders: −$55.73
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$77.33
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from HTX: live order book, 9 min ago; Lighter: 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 HTX live order book, 9 min ago	6.54 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.31 bp	4.4 bp −$4	9.4 bp −$94	46.0 bp −$4,597	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
Kraken Futures PF_EURUSD	−0.0211%	1h	1.1470	−0.070%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0138%	4h	1.1472	−0.052%	$6.8M	$138K	100x	as long as short
Lighter EURUSDshort	0.0000%	1h	1.1478	+0.003%	$2.1M	$441K	50x
Bybit EURUSDUSDT	0.0000%	8h	1.1470	−0.070%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	−0.017%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1473	−0.044%	$251K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.078%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1478	0.000%	—	$2.5M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1478	long leg	$12K	$258K	20x
Nado EURUSD-PERP	+0.0020%	1h	1.1472	−0.053%	$467K	$175K	40x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1469	−0.078%	$6.7M	$1.3M	100x	as long as short
Hibachi EUR/USDT-P	+0.0032%	1h	1.1470	−0.069%	$160K	$8.3M	30x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.066%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1501	+0.198%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1469	−0.077%	$190K	$126K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	−0.007%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0200%	1h	1.1478	0.000%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0204%	1h	1.1478	0.000%	$23.2M	$1.9M	50x	as long as short