Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0824%/8h= −90.2% APRpaid last 24h −0.085%

Price spread now: MEXC against Hibachi−0.018%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Hibachi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.716%−$72 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.018%, 7d avg +0.045%

Together, before fees−0.668%+ Points / potential airdropHibachi: Active · farm board−$67 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and MEXC is 0.063% cheaper against Hibachi than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi EUR/USDT-P	1.1442	0.0424	pay 0.0053% / 1h	34m 03s	$167K	$8.4M	30x
Short	MEXC EUR_USDT	1.1440	−0.0400	pay 0.0200% / 4h	3h 34m	$6.8M	$141K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee HibachibpFee MEXCbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$173.04
Price spread: −0.018% → +0.045%: −$6.35
Slippage, 4 orders: −$2.91
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$199.3
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Hibachi: live order book, 5 min ago; MEXC: live order book, 4 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 Hibachi live order book, 5 min ago	0.04 bp	4.6 bp −$5	23.1 bp −$231	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.44 bp	4.4 bp −$4	4.8 bp −$48	42.3 bp −$4,230	153.5 bp −$76.7K

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
MEXC EUR_USDTshort	−0.0400%	4h	1.1440	−0.018%	$6.8M	$141K	100x
Kraken Futures PF_EURUSD	−0.0131%	1h	1.1435	−0.065%	$3K	—	50x	as long as short
Lighter EURUSD	0.0000%	1h	1.1446	+0.031%	$2.1M	$542K	50x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1438	−0.036%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1442	−0.001%	—	$2.3M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1450	+0.069%	$13K	$273K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1436	−0.055%	$6.8M	$1.4M	100x	as long as short
Bitget EURUSDUSDT	+0.0033%	8h	1.1469	+0.235%	$263K	$25K	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.212%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1469	+0.232%	—	$224K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica EURUSD	+0.0100%	1h	1.1437	−0.043%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1442	−0.001%	$12K	—	10x	as long as short
Nado EURUSD-PERP	+0.0115%	1h	1.1439	−0.024%	$465K	$159K	40x	as long as short
Gate EURUSD_USDT	+0.0200%	8h	1.1461	+0.165%	$143K	$3K	100x	as long as short
tradeXYZ xyz:EUR	+0.0280%	1h	1.1443	+0.008%	$23.2M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0328%	1h	1.1447	+0.043%	$33K	—	50x	as long as short
Hibachi EUR/USDT-Plong	+0.0424%	1h	1.1442	long leg	$167K	$8.4M	30x
Bybit EURUSDUSDT	+0.1996%	8h	1.1473	+0.267%	$587K	$314K	100x	as long as short