Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0162%/8h= +17.8% APRpaid last 24h +0.050%

Price spread now: Nado against MEXC−0.008%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.195%+$20 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.008%, 7d avg −0.103%

Together, before fees+0.180%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Nado is 0.095% dearer against MEXC than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1479	−0.0148	get 0.0074% / 4h	3h 37m	$6.8M	$133K	100x
Short	Nado EURUSD-PERP	1.1478	0.0014	get 0.0002% / 1h	37m 03s	$467K	$153K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now −0.008%Rate

Funding earned: $34.08
Price spread: −0.008% → −0.103%: $9.48
Slippage, 4 orders: −$4.51
Fee MEXC: 4 bp × 2 orders: −$8
Fee Nado: 0.7 bp × 2 orders: −$1.4
Net: $29.65
Costs to cover: 0.139%
Break-even: 0.9 days

Slippage from MEXC: live order book, 1 min ago; Nado: live order book, 16 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 MEXC live order book, 1 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	31.5 bp −$3,148	125.2 bp −$62.6K
Sell Nado live order book, 16 min ago	1.22 bp	2.0 bp −$2	2.7 bp −$27	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
Hibachi EUR/USDT-P	−0.0216%	1h	1.1472	−0.062%	$169K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.045%	$3K	—	50x	as long as short
MEXC EUR_USDTlong	−0.0148%	4h	1.1479	long leg	$6.8M	$133K	100x
Lighter EURUSD	0.0000%	1h	1.1485	+0.055%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1481	+0.013%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1479	0.000%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1478	−0.009%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.035%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	+0.026%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1484	+0.044%	$12K	$264K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERPshort	+0.0014%	1h	1.1478	−0.008%	$467K	$153K	40x
Extended EUR-USD	+0.0032%	1h	1.1475	−0.031%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.110%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1507	+0.243%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.009%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	+0.026%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0144%	1h	1.1482	+0.026%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0186%	1h	1.1482	+0.026%	$23.3M	$1.7M	50x	as long as short