EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.020%

Price spread now: Extended against Pacifica−0.049%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.049%, 7d avg −0.026%

Together, before fees−0.142%+ Points / potential airdropPacifica: Active · Extended: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.023% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica EURUSD	1.1469	0.0100	pay 0.0013% / 1h	42m 17s	$191K	$60K	50x
Short	Extended EUR-USD	1.1463	0.0032	get 0.0004% / 1h	42m 17s	$6.8M	$1.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Pacifica. 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 PacificabpFee ExtendedbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$14.28
Price spread: −0.049% → −0.026%: −$2.32
Slippage, 4 orders: −$27.25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$56.84
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; Extended: live order book, 2 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 Pacifica live order book, 1 min ago	2.18 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.09 bp	7.4 bp −$7	10.3 bp −$103	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
Kraken Futures PF_EURUSD	−0.0228%	1h	1.1467	−0.021%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0194%	4h	1.1469	0.000%	$6.8M	$134K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1486	+0.146%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	+0.078%	$144K	$6K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1477	+0.070%	$261K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.044%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1475	+0.052%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1475	+0.052%	$12K	$266K	20x	as long as short
Extended EUR-USDshort	+0.0032%	1h	1.1463	−0.049%	$6.8M	$1.2M	100x
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.023%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.232%	—	$241K	100x	as long as short
Pacifica EURUSDlong	+0.0100%	1h	1.1469	long leg	$191K	$60K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.069%	$12K	—	10x	as long as short
Nado EURUSD-PERP	+0.0107%	1h	1.1466	−0.023%	$467K	$154K	40x	as long as short
tradeXYZ xyz:EUR	+0.0227%	1h	1.1473	+0.035%	$23.2M	$1.6M	50x	as long as short
Hibachi EUR/USDT-P	+0.0240%	1h	1.1467	−0.021%	$181K	$8.3M	30x	as long as short
Lighter EURUSD	+0.0256%	1h	1.1479	+0.086%	$2.2M	$407K	50x	as long as short
Hotstuff EURUSD-PERP	+0.0256%	1h	1.1473	+0.035%	$33K	—	50x	as long as short