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+0.0119%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h −0.041%
Price spread now: Kraken Futures against SunX−0.066%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Kraken Futures is 0.066% cheaper against SunX than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 45 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX EURUSD-USDT1.14750get 0.0000% / 1h25m 10s$2.4M10x
ShortKraken Futures PF_EURUSD1.14670.0119get 0.0015% / 1h25m 10s$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$24.9
Price spread: −0.066% → 0.000%
−$6.62
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$0.28
Costs to cover
0.180%
Break-even
6.9 days
Slippage unknown: SunX: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 2 min ago81.04 bp98.8 bp −$99doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0146%4h1.1473−0.017%$6.8M$137K100xas long as short
Nado EURUSD-PERP−0.0003%1h1.1473−0.017%$467K$154K40xas long as short
Bybit EURUSDUSDT0.0000%8h1.1473−0.021%$584K$281K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1473−0.017%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1473−0.017%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1470−0.044%$198K$111K50xas long as short
SunX EURUSD-USDTlong0.0000%1h1.1475long leg$2.4M10x
HTX EURUSD-USDT0.0000%1h1.1474−0.009%$12K$259K20xas long as short
Extended EUR-USD+0.0032%1h1.1470−0.044%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.075%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1502+0.233%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1472−0.026%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1477+0.021%$12K10xas long as short
Kraken Futures PF_EURUSDshort+0.0119%1h1.1467−0.066%$3K50x
Hotstuff EURUSD-PERP+0.0192%1h1.1477+0.017%$33K50xas long as short
Lighter EURUSD+0.0200%1h1.1482+0.059%$2.1M$444K50xas long as short
Hibachi EUR/USDT-P+0.0200%1h1.1469−0.049%$161K$8.2M30xas long as short
tradeXYZ xyz:EUR+0.0216%1h1.1476+0.009%$23.3M$1.8M50xas long as short