Funding you earn now, next payment 03:00 UTC−0.0143%/8h= −15.7% APRnext payment −$0.18 per $10,000 · paid last 24h −0.050%
Price spread now: HTX against tradeXYZ+0.026%49s7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as 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−$820.823% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.026%, 7d avg −0.053%
=Together, before fees−0.126%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.079% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.053%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.100% in total) that is about 5.5 days. The two prices were read 49 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 | tradeXYZ xyz:EUR | 1.1476 | 0.0143 | pay 0.0018% / 1h | 59m 17s | $23.3M | $1.8M | 50x |
| Short | HTX EURUSD-USDT | 1.1479 | 0 | get 0.0000% / 1h | 59m 17s | $13K | $260K | 20x |
tradeXYZ xyz:EUR
HTX EURUSD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.11
- Price spread: +0.026% → −0.053%
- $7.88
- Slippage, 4 orders
- −$52.28
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$104.51
- Costs to cover
- 0.823%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; HTX: live order book, 62 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 tradeXYZ live order book, 10 min ago | 0.87 bp | 11.3 bp −$11 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell HTX live order book, 62 min ago | 5.23 bp | 32.9 bp −$33 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0192% | 4h | 1.1473 | −0.026% | $6.8M | $132K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0062% | 1h | 1.1469 | −0.061% | $3K | — | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1473 | −0.030% | $584K | $223K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1474 | −0.017% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | −0.035% | $253K | $21K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1469 | −0.061% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1476 | 0.000% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDTshort | 0.0000% | 1h | 1.1479 | +0.026% | $13K | $260K | 20x | |
| Nado EURUSD-PERP | +0.0011% | 1h | 1.1473 | −0.026% | $467K | $153K | 40x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1469 | −0.058% | $6.7M | $1.2M | 100x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
Nado EURUSD-PERP
Extended EUR-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective EURUSD/USDC PERP | +0.0039% | 1h | 1.1466 | −0.084% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1501 | +0.221% | — | $264K | 100x | as long as short |
| Hibachi EUR/USDT-P | +0.0048% | 1h | 1.1470 | −0.054% | $158K | $8.2M | 30x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1473 | −0.026% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1478 | +0.014% | $12K | — | 10x | as long as short |
| tradeXYZ xyz:EURlong | +0.0143% | 1h | 1.1476 | long leg | $23.3M | $1.8M | 50x | |
| Hotstuff EURUSD-PERP | +0.0144% | 1h | 1.1477 | +0.009% | $33K | — | 50x | as long as short |
| Lighter EURUSD | +0.0152% | 1h | 1.1482 | +0.054% | $2.1M | $435K | 50x | as long as short |
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Hibachi EUR/USDT-P
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
Lighter EURUSD