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+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.015%
Price spread now: Injective against Kraken Futures+0.276%63s7-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 +$5 a day on $10k at the current rate, and Injective is 0.276% dearer against Kraken Futures than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_EURUSD1.1435−0.0131get 0.0016% / 1h19m 36s$3K50x
ShortInjective EURUSD/USDC PERP1.14660.0033get 0.0004% / 1h19m 36s$9K$78K101x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$34.52
Price spread: +0.276% → 0.000%
$27.56
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$52.06
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Kraken Futures: no order-book sample; Injective: 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 Injective no order-book sample
Kraken Futures and Injective: 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
Kraken Futures PF_EURUSDlong−0.0131%1h1.1435long leg$3K50x
MEXC EUR_USDT−0.0044%4h1.1443+0.071%$6.8M$142K100xas long as short
Lighter EURUSD0.0000%1h1.1450+0.134%$2.1M$554K50xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1439+0.036%$246K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1442+0.062%$2.2M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1448+0.115%$12K$274K20xas long as short
Extended EUR-USD+0.0032%1h1.1442+0.059%$6.8M$1.4M100xas long as short
Injective EURUSD/USDC PERPshort+0.0033%1h1.1466+0.276%$9K$78K101x
Vest EUR-USD-PERP+0.0046%1h1.1471+0.315%$224K100xas long as short
Nado EURUSD-PERP+0.0071%1h1.1443+0.073%$193K$296K40xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget EURUSDUSDT+0.0091%8h1.1470+0.307%$263K$27K100xas long as short
Pacifica EURUSD+0.0100%1h1.1442+0.064%$191K$60K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1444+0.083%$12K10xas long as short
Gate EURUSD_USDT+0.0200%8h1.1462+0.237%$144K$3K100xas long as short
tradeXYZ xyz:EUR+0.0209%1h1.1445+0.088%$23.1M$1.9M50xas long as short
Hotstuff EURUSD-PERP+0.0240%1h1.1445+0.088%$33K50xas long as short
Hibachi EUR/USDT-P+0.0464%1h1.1443+0.067%$158K$8.4M30xas long as short
Bybit EURUSDUSDT+0.1860%8h1.1473+0.331%$606K$324K100xas long as short