Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against SunX−0.035%7-day average −0.035% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.035%, 7d avg −0.035%

Together, before fees+0.345%+$35 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EURUSD-USDT	1.1473	0	get 0.0000% / 1h	21m 27s	—	$2.6M	10x
Short	Orderly PERP_EURUSD_USDC	1.1469	0	get 0.0000% / 8h	7h 21m	$198K	$111K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.035%: $0
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 5 min ago	80.62 bp	98.5 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EUR_USDT	−0.0152%	4h	1.1471	−0.017%	$6.8M	$152K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0052%	1h	1.1466	−0.065%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0008%	1h	1.1471	−0.016%	$466K	$177K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1475	+0.018%	$2.1M	$421K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1470	−0.026%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1474	+0.009%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.017%	$251K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1469	−0.035%	$198K	$111K	50x
SunX EURUSD-USDTlong	0.0000%	1h	1.1473	long leg	—	$2.6M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1475	+0.017%	$13K	$257K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1469	−0.038%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.023%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1500	+0.234%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1469	−0.031%	$190K	$126K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1473	−0.004%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0105%	1h	1.1474	+0.009%	$23.2M	$1.9M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0128%	1h	1.1473	0.000%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0128%	1h	1.1469	−0.037%	$160K	$8.3M	30x	as long as short