Settings8H · net · $10k
Funding arb · Price arb /

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0312%/8h= −34.2% APRnext payment $0.39 per $10,000 · paid last 24h +0.003%
Price spread now: Hibachi against Aevo−0.091%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hibachi is 0.091% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo EURUSD-PERP1.14820.0104pay 0.0013% / 1h38m 49s$12K10x
ShortHibachi EUR/USDT-P1.1472−0.0208pay 0.0026% / 1h38m 49s$165K$8.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Aevo. 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
−$65.52
Price spread: −0.091% → 0.000%
−$9.13
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$99.65
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Hibachi: live order book, just now. 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 Aevo no order-book sample
Sell Hibachi live order book, just now0.04 bp4.5 bp −$521.4 bp −$214doesn't fitdoesn't fit
Aevo: 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
Hibachi EUR/USDT-Pshort−0.0208%1h1.1472−0.091%$165K$8.3M30x
Kraken Futures PF_EURUSD−0.0179%1h1.1473−0.075%$3K50xas long as short
MEXC EUR_USDT−0.0142%4h1.1478−0.035%$6.8M$133K100xas long as short
Lighter EURUSD0.0000%1h1.1485+0.029%$2.1M$415K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1480−0.016%$585K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1479−0.026%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1477−0.044%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1475−0.061%$198K$73K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1481−0.009%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.14820.000%$12K$264K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0016%1h1.1478−0.034%$467K$153K40xas long as short
Extended EUR-USD+0.0032%1h1.1475−0.061%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.136%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1507+0.215%$265K100xas long as short
Pacifica EURUSD+0.0100%1h1.1478−0.035%$191K$63K50xas long as short
Aevo EURUSD-PERPlong+0.0104%1h1.1482long leg$12K10x
Hotstuff EURUSD-PERP+0.0144%1h1.14820.000%$33K50xas long as short
tradeXYZ xyz:EUR+0.0186%1h1.14820.000%$23.3M$1.7M50xas long as short