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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.007%
Price spread now: Hotstuff against Hibachi+0.080%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 airdropHibachi: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hotstuff is 0.080% dearer against Hibachi than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi EUR/USDT-P1.1472−0.0112get 0.0014% / 1h9m 30s$165K$8.2M30x
ShortHotstuff EURUSD-PERP1.14810.0056get 0.0007% / 1h9m 30s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Hibachi. 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
$35.28
Price spread: +0.080% → 0.000%
$8.02
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$29.3
Costs to cover
0.140%
Break-even
1.2 days
Slippage unknown: Hibachi: live order book, 5 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 Hibachi live order book, 5 min ago0.04 bp4.5 bp −$518.6 bp −$186doesn'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
MEXC EUR_USDT−0.0176%4h1.1477+0.045%$6.8M$135K100xas long as short
Hibachi EUR/USDT-Plong−0.0112%1h1.1472long leg$165K$8.2M30x
Kraken Futures PF_EURUSD−0.0062%1h1.1473+0.010%$3K50xas long as short
Nado EURUSD-PERP−0.0007%1h1.1477+0.046%$467K$153K40xas long as short
Bybit EURUSDUSDT0.0000%8h1.1480+0.072%$585K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1478+0.054%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1477+0.045%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1474+0.019%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1481+0.080%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1481+0.080%$12K$263K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EURUSD+0.0008%1h1.1485+0.112%$2.1M$435K50xas long as short
Extended EUR-USD+0.0032%1h1.1474+0.023%$6.7M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0039%1h1.1466−0.047%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1506+0.299%$264K100xas long as short
Hotstuff EURUSD-PERPshort+0.0056%1h1.1481+0.080%$33K50x
Pacifica EURUSD+0.0100%1h1.1478+0.054%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1481+0.082%$12K10xas long as short
tradeXYZ xyz:EUR+0.0126%1h1.1482+0.089%$23.3M$1.8M50xas long as short