Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Bybit+0.013%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.013%, 7d avg −0.014%

Together, before fees+0.253%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1481	0	get 0.0000% / 8h	3h 39m	$585K	$223K	100x
Short	HTX EURUSD-USDT	1.1482	0	get 0.0000% / 1h	39m 12s	$12K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.014%: $2.7
Slippage, 4 orders: −$66.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$86.58
Costs to cover: 0.893%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; HTX: live order book, 13 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 Bybit live order book, 6 min ago	3.92 bp	19.0 bp −$19	41.7 bp −$417	doesn't fit	doesn't fit
Sell HTX live order book, 13 min ago	6.97 bp	31.3 bp −$31	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
Hibachi EUR/USDT-P	−0.0208%	1h	1.1472	−0.078%	$165K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1473	−0.062%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0142%	4h	1.1477	−0.030%	$6.8M	$132K	100x	as long as short
Lighter EURUSD	0.0000%	1h	1.1485	+0.042%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1481	long leg	$585K	$223K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1479	−0.013%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1478	−0.022%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.048%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1481	+0.004%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTshort	0.0000%	1h	1.1482	+0.013%	$12K	$264K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0016%	1h	1.1478	−0.021%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1475	−0.048%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.123%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1507	+0.228%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.022%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	+0.013%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0144%	1h	1.1482	+0.013%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0187%	1h	1.1482	+0.013%	$23.3M	$1.7M	50x	as long as short