Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.087%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2542.540% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.087%, 7d avg +0.039%

Together, before fees+0.045%+$4 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: SunX is 0.126% cheaper against HTX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1452	0	get 0.0000% / 1h	20m 36s	$12K	$274K	20x
Short	SunX EURUSD-USDT	1.1442	0	get 0.0000% / 1h	20m 36s	—	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → +0.039%: −$12.63
Slippage, 4 orders: −$233.95
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$266.59
Costs to cover: 2.540%
Break-even: never at this rate

Slippage from HTX: live order book, 11 min ago; SunX: live order book, 6 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, 11 min ago	5.24 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	80.85 bp	100.2 bp −$100	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
Kraken Futures PF_EURUSD	−0.0131%	1h	1.1434	−0.158%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0030%	4h	1.1441	−0.096%	$6.8M	$142K	100x	as long as short
Lighter EURUSD	0.0000%	1h	1.1447	−0.045%	$2.1M	$554K	50x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1439	−0.114%	$246K	$122K	50x	as long as short
SunX EURUSD-USDTshort	0.0000%	1h	1.1442	−0.087%	—	$2.2M	10x
HTX EURUSD-USDTlong	0.0000%	1h	1.1452	long leg	$12K	$274K	20x
Extended EUR-USD	+0.0032%	1h	1.1439	−0.114%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.126%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1470	+0.161%	—	$224K	100x	as long as short
Nado EURUSD-PERP	+0.0077%	1h	1.1442	−0.092%	$193K	$296K	40x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget EURUSDUSDT	+0.0089%	8h	1.1470	+0.157%	$263K	$27K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1439	−0.110%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1444	−0.068%	$12K	—	10x	as long as short
Gate EURUSD_USDT	+0.0200%	8h	1.1462	+0.087%	$144K	$3K	100x	as long as short
tradeXYZ xyz:EUR	+0.0214%	1h	1.1443	−0.079%	$23.1M	$1.9M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0256%	1h	1.1445	−0.061%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0464%	1h	1.1443	−0.082%	$158K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.1903%	8h	1.1473	+0.181%	$606K	$324K	100x	as long as short