Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.053%

Price spread now: MEXC against SunX−0.026%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$241as in the Funding arb table

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

costs, in and out, $10k−$2082.077% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.026%, 7d avg −0.001%

Together, before fees−0.297%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.025% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EURUSD-USDT	1.1481	0	get 0.0000% / 1h	8m 06s	—	$2.4M	10x
Short	MEXC EUR_USDT	1.1478	−0.0178	pay 0.0089% / 4h	8m 06s	$6.8M	$135K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$37.38
Price spread: −0.026% → −0.001%: −$2.53
Slippage, 4 orders: −$191.7
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$247.61
Costs to cover: 2.077%
Break-even: never at this rate

Slippage from SunX: live order book, 9 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 SunX live order book, 9 min ago	81.00 bp	98.9 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.44 bp	4.4 bp −$4	5.3 bp −$53	27.0 bp −$2,696	123.2 bp −$61.6K

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	1.1478	−0.026%	$6.8M	$135K	100x
Hibachi EUR/USDT-P	−0.0120%	1h	1.1472	−0.076%	$165K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1473	−0.071%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0007%	1h	1.1478	−0.029%	$467K	$153K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1485	+0.031%	$2.1M	$435K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1480	−0.005%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1476	−0.044%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.052%	$198K	$111K	50x	as long as short
SunX EURUSD-USDTlong	0.0000%	1h	1.1481	long leg	—	$2.4M	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EURUSD-USDT	0.0000%	1h	1.1476	−0.044%	$12K	$263K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1475	−0.055%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.127%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1506	+0.220%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0056%	1h	1.1482	+0.009%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.026%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	+0.003%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0126%	1h	1.1482	+0.009%	$23.3M	$1.8M	50x	as long as short