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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.023%
Price spread now: Hotstuff against Extended+0.055%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hotstuff is 0.055% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended EUR-USD1.14390.0032pay 0.0004% / 1h21m 03s$6.8M$1.4M100x
ShortHotstuff EURUSD-PERP1.14450.0256get 0.0032% / 1h21m 03s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Extended. 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
$47.04
Price spread: +0.055% → 0.000%
$5.51
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$42.55
Costs to cover
0.100%
Break-even
0.7 days
Slippage unknown: Extended: live order book, 3 min ago; Hotstuff: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago0.04 bp4.1 bp −$46.2 bp −$62doesn't fitdoesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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
Kraken Futures PF_EURUSD−0.0131%1h1.1434−0.042%$3K50xas long as short
MEXC EUR_USDT−0.0024%4h1.1441+0.020%$6.8M$142K100xas long as short
Lighter EURUSD0.0000%1h1.1447+0.073%$2.1M$554K50xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1439+0.003%$246K$122K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1442+0.029%$2.2M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1452+0.116%$12K$274K20xas long as short
Extended EUR-USDlong+0.0032%1h1.1439long leg$6.8M$1.4M100x
Injective EURUSD/USDC PERP+0.0033%1h1.1466+0.242%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1470+0.278%$224K100xas long as short
Nado EURUSD-PERP+0.0077%1h1.1442+0.025%$193K$296K40xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget EURUSDUSDT+0.0086%8h1.1470+0.274%$263K$27K100xas long as short
Pacifica EURUSD+0.0100%1h1.1439+0.006%$191K$60K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1444+0.048%$12K10xas long as short
Gate EURUSD_USDT+0.0200%8h1.1462+0.204%$144K$3K100xas long as short
tradeXYZ xyz:EUR+0.0215%1h1.1443+0.038%$23.1M$1.9M50xas long as short
Hotstuff EURUSD-PERPshort+0.0256%1h1.1445+0.055%$33K50x
Hibachi EUR/USDT-P+0.0464%1h1.1443+0.034%$158K$8.4M30xas long as short
Bybit EURUSDUSDT+0.1903%8h1.1473+0.297%$606K$324K100xas long as short