Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.066%

Price spread now: MEXC against Vest−0.247%7-day average −0.212% · you buy dearer than you sell

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

Long on Vest Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.247%, 7d avg −0.212%

Together, before fees−0.192%+ Points / potential airdropVest: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.035% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.212%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest EUR-USD-PERP	1.1495	0.0046	pay 0.0006% / 1h	12m 49s	—	$264K	100x
Short	MEXC EUR_USDT	1.1467	−0.0176	pay 0.0088% / 4h	2h 12m	$6.8M	$141K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee MEXCbpOrdersPrice spread, now −0.247%Rate

Funding earned: −$46.55
Price spread: −0.247% → −0.212%: −$3.52
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$60.07
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; MEXC: live order book, 5 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	26.1 bp −$2,613	126.8 bp −$63.4K

Vest: 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
Kraken Futures PF_EURUSD	−0.0211%	1h	1.1466	−0.257%	$3K	—	50x	as long as short
MEXC EUR_USDTshort	−0.0176%	4h	1.1467	−0.247%	$6.8M	$141K	100x
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.196%	$582K	$280K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	−0.169%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.212%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.273%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1474	−0.186%	—	$2.5M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1474	−0.186%	$12K	$256K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1464	−0.274%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.217%	$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
Nado EURUSD-PERP	+0.0046%	1h	1.1466	−0.252%	$466K	$155K	40x	as long as short
Vest EUR-USD-PERPlong	+0.0046%	1h	1.1495	long leg	—	$264K	100x
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.247%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	−0.174%	$12K	—	10x	as long as short
Lighter EURUSD	+0.0152%	1h	1.1479	−0.146%	$2.1M	$441K	50x	as long as short
Hibachi EUR/USDT-P	+0.0176%	1h	1.1469	−0.233%	$171K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0252%	1h	1.1474	−0.186%	$23.3M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0256%	1h	1.1475	−0.177%	$33K	—	50x	as long as short