EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.044%

Price spread now: Nado against Hibachi+0.025%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Hibachi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.025%, 7d avg +0.001%

Together, before fees−0.097%+ Points / potential airdropHibachi: Active · Nado: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.024% dearer against Hibachi than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of +0.001%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 3 days (−0.066% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi EUR/USDT-P	1.1470	0.0176	pay 0.0022% / 1h	21m 34s	$163K	$8.2M	30x
Short	Nado EURUSD-PERP	1.1472	−0.0001	pay 0.0000% / 1h	21m 34s	$467K	$154K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Hibachi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpOrdersPrice spread, now +0.025%Rate

Funding earned: −$37.17
Price spread: +0.025% → +0.001%: $2.41
Slippage, 4 orders: −$4
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Nado: 0.7 bp × 2 orders: −$1.4
Net: −$49.15
Costs to cover: 0.144%
Break-even: never at this rate

Slippage from Hibachi: live order book, 3 min ago; Nado: live order book, 41 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, 3 min ago	0.04 bp	4.5 bp −$5	18.3 bp −$183	doesn't fit	doesn't fit
Sell Nado live order book, 41 min ago	1.88 bp	2.7 bp −$3	3.5 bp −$35	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
MEXC EUR_USDT	−0.0156%	4h	1.1473	+0.030%	$6.8M	$137K	100x	as long as short
Nado EURUSD-PERPshort	−0.0001%	1h	1.1472	+0.025%	$467K	$154K	40x
Bybit EURUSDUSDT	0.0000%	8h	1.1473	+0.026%	$584K	$281K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1473	+0.030%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.021%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.005%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	+0.056%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1475	+0.047%	$13K	$259K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1470	0.000%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.028%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1501	+0.273%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1472	+0.021%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.067%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1467	−0.020%	$3K	—	50x	as long as short
Hotstuff EURUSD-PERP	+0.0176%	1h	1.1477	+0.065%	$33K	—	50x	as long as short
Hibachi EUR/USDT-Plong	+0.0176%	1h	1.1470	long leg	$163K	$8.2M	30x
Lighter EURUSD	+0.0184%	1h	1.1482	+0.104%	$2.1M	$444K	50x	as long as short
tradeXYZ xyz:EUR	+0.0209%	1h	1.1475	+0.047%	$23.3M	$1.8M	50x	as long as short