Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against SunX+0.115%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2252.246% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.115%, 7d avg −0.027%

Together, before fees−0.340%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.142% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EURUSD-USDT	1.1472	0	get 0.0000% / 1h	26m 38s	—	$2.4M	10x
Short	Bybit EURUSDUSDT	1.1485	0	get 0.0000% / 8h	1h 26m	$579K	$312K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → −0.027%: $14.19
Slippage, 4 orders: −$205.63
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$210.44
Costs to cover: 2.246%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Bybit: live order book, 8 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 SunX live order book, 10 min ago	80.63 bp	98.4 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	4.00 bp	16.5 bp −$17	38.0 bp −$380	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	1.1465	−0.064%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0214%	4h	1.1467	−0.044%	$6.8M	$135K	100x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1485	+0.115%	$579K	$312K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.035%	$144K	$6K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1476	+0.035%	$261K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1462	−0.087%	$198K	$73K	50x	as long as short
SunX EURUSD-USDTlong	0.0000%	1h	1.1472	long leg	—	$2.4M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1469	−0.026%	$13K	$269K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1463	−0.079%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.049%	$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	1.1494	+0.194%	—	$241K	100x	as long as short
Nado EURUSD-PERP	+0.0093%	1h	1.1465	−0.061%	$467K	$154K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.044%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.033%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0253%	1h	1.1473	+0.009%	$23.2M	$1.6M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0272%	1h	1.1474	+0.017%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0328%	1h	1.1464	−0.066%	$174K	$8.3M	30x	as long as short
Lighter EURUSD	+0.0336%	1h	1.1479	+0.062%	$2.2M	$408K	50x	as long as short