Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.082%

Price spread now: MEXC against Pacifica+0.026%45s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.360% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.584%−$58 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.026%, 7d avg +0.035%

Together, before fees−0.585%+ Points / potential airdropPacifica: Active · farm board−$59 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica EURUSD	1.1456	0.0100	pay 0.0013% / 1h	7m 55s	$191K	$60K	50x
Short	MEXC EUR_USDT	1.1459	−0.0178	pay 0.0089% / 4h	7m 55s	$6.8M	$139K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$58.38
Price spread: +0.026% → +0.035%: −$0.88
Slippage, 4 orders: −$19.98
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$95.24
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Pacifica: live order book, 30 min ago; MEXC: live order book, 5 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, 30 min ago	2.62 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.87 bp	4.9 bp −$5	4.9 bp −$49	18.0 bp −$1,799	131.5 bp −$65.8K

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
MEXC EUR_USDTshort	−0.0178%	4h	1.1459	+0.026%	$6.8M	$139K	100x
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1455	−0.005%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1474	+0.159%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1466	+0.087%	$143K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.131%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1455	−0.009%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1463	+0.061%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1464	+0.070%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1453	−0.025%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.091%	$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	1.1487	+0.268%	—	$224K	100x	as long as short
Nado EURUSD-PERP	+0.0048%	1h	1.1457	+0.010%	$466K	$158K	40x	as long as short
Lighter EURUSD	+0.0080%	1h	1.1462	+0.057%	$2.1M	$480K	50x	as long as short
Pacifica EURUSDlong	+0.0100%	1h	1.1456	long leg	$191K	$60K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1461	+0.039%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0224%	1h	1.1459	+0.022%	$165K	$8.4M	30x	as long as short
tradeXYZ xyz:EUR	+0.0225%	1h	1.1464	+0.070%	$23.2M	$1.7M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0232%	1h	1.1465	+0.079%	$33K	—	50x	as long as short