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+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.043%
Price spread now: tradeXYZ against Lighter−0.033%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$290.292% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.114%+$11 on $10k
Price spread, last 7 days+0.017%+$2 · spread now −0.033%, 7d avg −0.043%
Together, before fees+0.131%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EURUSD1.14820.0152pay 0.0019% / 1h0m 14s$2.1M$444K50x
ShorttradeXYZ xyz:EUR1.14780.0188get 0.0024% / 1h0m 14s$23.3M$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against Lighter. 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
$7.59
Price spread: −0.033% → −0.043%
$0.96
Slippage, 4 orders
−$11.19
Fee Lighter: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$20.64
Costs to cover
0.292%
Break-even
26.0 days
Slippage from Lighter: live order book, 2 min ago; tradeXYZ: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 2 min ago1.39 bp3.5 bp −$311.6 bp −$11668.5 bp −$6,849doesn't fit
Sell tradeXYZ live order book, 9 min ago0.87 bp12.1 bp −$1214.7 bp −$147doesn't fitdoesn't fit

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−0.0176%4h1.1473−0.077%$6.8M$139K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1473−0.080%$584K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1474−0.068%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472−0.085%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1470−0.103%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1477−0.042%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1479−0.024%$13K$260K20xas long as short
Nado EURUSD-PERP+0.0007%1h1.1473−0.080%$467K$153K40xas long as short
Extended EUR-USD+0.0032%1h1.1470−0.103%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.134%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1501+0.169%$264K100xas long as short
Hibachi EUR/USDT-P+0.0056%1h1.1470−0.106%$158K$8.2M30xas long as short
Pacifica EURUSD+0.0100%1h1.1472−0.085%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1478−0.037%$12K10xas long as short
Kraken Futures PF_EURUSD+0.0119%1h1.1468−0.116%$3K50xas long as short
Hotstuff EURUSD-PERP+0.0144%1h1.1477−0.042%$33K50xas long as short
Lighter EURUSDlong+0.0152%1h1.1482long leg$2.1M$444K50x
tradeXYZ xyz:EURshort+0.0188%1h1.1478−0.033%$23.3M$1.8M50x