Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against HTX−0.105%54s7-day average +0.001% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.105%, 7d avg +0.001%

Together, before fees+0.358%+$36 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: Orderly is 0.105% cheaper against HTX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1460	0	get 0.0000% / 1h	54m 22s	$12K	$274K	20x
Short	Orderly PERP_EURUSD_USDC	1.1448	0	get 0.0000% / 8h	6h 54m	$246K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → +0.001%: −$10.52
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 37 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 37 min ago	5.24 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EUR_USDT	−0.0140%	4h	1.1450	−0.087%	$6.8M	$140K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0140%	1h	1.1447	−0.113%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0006%	1h	1.1452	−0.071%	$191K	$301K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1456	−0.031%	$2.1M	$512K	50x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1459	−0.009%	$144K	$3K	100x	as long as short
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1448	−0.105%	$246K	$122K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1456	−0.035%	—	$2.0M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1460	long leg	$12K	$274K	20x
Extended EUR-USD	+0.0032%	1h	1.1448	−0.105%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.056%	$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	1.1481	+0.179%	—	$225K	100x	as long as short
Bitget EURUSDUSDT	+0.0071%	8h	1.1470	+0.087%	$263K	$27K	100x	as long as short
tradeXYZ xyz:EUR	+0.0083%	1h	1.1454	−0.052%	$23.1M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1448	−0.102%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1457	−0.031%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0136%	1h	1.1454	−0.052%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0448%	1h	1.1459	−0.006%	$159K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.0461%	8h	1.1467	+0.063%	$606K	$325K	100x	as long as short