Settings8H · net · $10k
Funding arb · Price arb /

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.072%
Price spread now: Hotstuff against Kraken Futures+0.082%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hotstuff is 0.082% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_EURUSD1.14680.0119pay 0.0015% / 1h49m 16s$3K50x
ShortHotstuff EURUSD-PERP1.14770.0272get 0.0034% / 1h49m 16s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Kraken Futures. 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

Funding earned
$32.22
Price spread: +0.082% → 0.000%
$8.2
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$25.42
Costs to cover
0.150%
Break-even
1.5 days
Slippage unknown: Kraken Futures: no order-book sample; Hotstuff: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Hotstuff no order-book sample
Kraken Futures and Hotstuff: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EUR_USDT−0.0136%4h1.1469+0.012%$6.8M$136K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1474+0.054%$582K$280K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476+0.073%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472+0.038%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1465−0.023%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1476+0.073%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1474+0.056%$12K$256K20xas long as short
Nado EURUSD-PERP+0.0010%1h1.1468+0.007%$466K$154K40xas long as short
Extended EUR-USD+0.0032%1h1.1466−0.017%$6.7M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470+0.024%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1498+0.261%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1467−0.005%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1476+0.075%$12K10xas long as short
Kraken Futures PF_EURUSDlong+0.0119%1h1.1468long leg$3K50x
tradeXYZ xyz:EUR+0.0256%1h1.1476+0.073%$23.3M$1.8M50xas long as short
Hotstuff EURUSD-PERPshort+0.0272%1h1.1477+0.082%$33K50x
Lighter EURUSD+0.0304%1h1.1480+0.106%$2.1M$444K50xas long as short
Hibachi EUR/USDT-P+0.0304%1h1.1467−0.001%$173K$8.2M30xas long as short