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+0.0241%/8h= +26.4% APRnext payment +$0.30 per $10,000 · paid last 24h −0.024%
Price spread now: Injective against Hibachi−0.045%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 7 days−0.309%−$31 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Injective is 0.045% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.309%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi EUR/USDT-P1.1472−0.0208get 0.0026% / 1h38m 38s$165K$8.3M30x
ShortInjective EURUSD/USDC PERP1.14660.0033get 0.0004% / 1h38m 38s$9K$78K101x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$50.68
Price spread: −0.045% → 0.000%
−$4.48
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$37.18
Costs to cover
0.090%
Break-even
1.9 days
Slippage unknown: Hibachi: live order book, 1 min ago; Injective: 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, 1 min ago0.04 bp4.7 bp −$518.2 bp −$182doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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-Plong−0.0208%1h1.1472long leg$165K$8.3M30x
Kraken Futures PF_EURUSD−0.0179%1h1.1473+0.016%$3K50xas long as short
MEXC EUR_USDT−0.0144%4h1.1478+0.056%$6.8M$133K100xas long as short
Lighter EURUSD0.0000%1h1.1485+0.120%$2.1M$415K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1480+0.076%$585K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1479+0.065%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1477+0.048%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1475+0.030%$198K$73K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1481+0.082%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1482+0.091%$12K$264K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0016%1h1.1478+0.058%$467K$153K40xas long as short
Extended EUR-USD+0.0032%1h1.1475+0.030%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERPshort+0.0033%1h1.1466−0.045%$9K$78K101x
Vest EUR-USD-PERP+0.0046%1h1.1507+0.307%$265K100xas long as short
Pacifica EURUSD+0.0100%1h1.1478+0.056%$191K$63K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1482+0.091%$12K10xas long as short
Hotstuff EURUSD-PERP+0.0144%1h1.1482+0.091%$33K50xas long as short
tradeXYZ xyz:EUR+0.0186%1h1.1482+0.091%$23.3M$1.7M50xas long as short