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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0131%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.005%
Price spread now: HTX against Kraken Futures+0.134%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.134% dearer against Kraken Futures than usual: you sell high and buy low: +$13 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_EURUSD1.1435−0.0131get 0.0016% / 1h34m 02s$3K50x
ShortHTX EURUSD-USDT1.14500get 0.0000% / 1h34m 02s$13K$273K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$27.52
Price spread: +0.134% → 0.000%
$13.39
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$18.92
Costs to cover
0.220%
Break-even
2.2 days
Slippage unknown: Kraken Futures: no order-book sample; HTX: live order book, 63 min ago. 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 HTX live order book, 63 min ago6.54 bp30.8 bp −$31doesn't fitdoesn't fitdoesn't fit
Kraken Futures: 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−0.0400%4h1.1440+0.046%$6.8M$141K100xas long as short
Kraken Futures PF_EURUSDlong−0.0131%1h1.1435long leg$3K50x
Lighter EURUSD0.0000%1h1.1446+0.095%$2.1M$542K50xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1438+0.029%$246K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1442+0.064%$2.3M10xas long as short
HTX EURUSD-USDTshort0.0000%1h1.1450+0.134%$13K$273K20x
Extended EUR-USD+0.0032%1h1.1436+0.010%$6.8M$1.4M100xas long as short
Bitget EURUSDUSDT+0.0033%8h1.1469+0.300%$263K$25K100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.277%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1469+0.297%$224K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica EURUSD+0.0100%1h1.1437+0.022%$191K$60K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1442+0.064%$12K10xas long as short
Nado EURUSD-PERP+0.0115%1h1.1439+0.041%$465K$159K40xas long as short
Gate EURUSD_USDT+0.0200%8h1.1461+0.230%$143K$3K100xas long as short
tradeXYZ xyz:EUR+0.0280%1h1.1443+0.073%$23.2M$1.8M50xas long as short
Hotstuff EURUSD-PERP+0.0328%1h1.1447+0.108%$33K50xas long as short
Hibachi EUR/USDT-P+0.0424%1h1.1442+0.065%$167K$8.4M30xas long as short
Bybit EURUSDUSDT+0.1996%8h1.1473+0.332%$587K$314K100xas long as short