Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.053%

Price spread now: MEXC against HTX−0.052%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$37 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.052%, 7d avg +0.043%

Together, before fees−0.283%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.095% cheaper against HTX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1474	0	get 0.0000% / 1h	50m 10s	$13K	$256K	20x
Short	MEXC EUR_USDT	1.1468	−0.0148	pay 0.0074% / 4h	1h 50m	$6.8M	$136K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$31.08
Price spread: −0.052% → +0.043%: −$9.54
Slippage, 4 orders: −$48.6
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$109.22
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from HTX: live order book, 12 min ago; MEXC: live order book, 3 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, 12 min ago	5.23 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.87 bp	4.9 bp −$5	4.9 bp −$49	19.1 bp −$1,915	109.4 bp −$54.7K

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_USDTshort	−0.0148%	4h	1.1468	−0.052%	$6.8M	$136K	100x
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.012%	$582K	$280K	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	1.1472	−0.017%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1465	−0.078%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1475	+0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1474	long leg	$13K	$256K	20x
Nado EURUSD-PERP	+0.0013%	1h	1.1468	−0.050%	$466K	$154K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1465	−0.076%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.031%	$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
Vest EUR-USD-PERP	+0.0046%	1h	1.1497	+0.202%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.061%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.015%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1467	−0.065%	$3K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0256%	1h	1.1475	+0.009%	$23.3M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0272%	1h	1.1477	+0.026%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0296%	1h	1.1467	−0.058%	$173K	$8.2M	30x	as long as short
Lighter EURUSD	+0.0304%	1h	1.1479	+0.045%	$2.1M	$444K	50x	as long as short