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−0.0080%/8h= −8.8% APRnext payment $0.10 per $10,000 · paid last 24h −0.022%
Price spread now: Extended against Hotstuff−0.055%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.055% cheaper against Hotstuff than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff EURUSD-PERP1.14830.0112pay 0.0014% / 1h7m 36s$33K50x
ShortExtended EUR-USD1.14770.0032get 0.0004% / 1h7m 36s$6.7M$1.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hotstuff. 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
−$16.8
Price spread: −0.055% → 0.000%
−$5.53
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$32.33
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 1 min ago. 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 Hotstuff no order-book sample
Sell Extended live order book, 1 min ago0.04 bp2.6 bp −$38.0 bp −$80doesn't fitdoesn't fit
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
Hibachi EUR/USDT-P−0.0248%1h1.1476−0.061%$168K$8.3M30xas long as short
MEXC EUR_USDT−0.0194%4h1.1480−0.026%$6.8M$135K100xas long as short
Kraken Futures PF_EURUSD−0.0179%1h1.1474−0.079%$3K50xas long as short
Lighter EURUSD0.0000%1h1.1486+0.025%$2.1M$415K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1482−0.010%$585K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1480−0.026%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1479−0.035%$253K$21K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1477−0.052%$198K$73K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1482−0.009%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1481−0.017%$12K$263K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0007%1h1.1480−0.026%$467K$153K40xas long as short
Extended EUR-USDshort+0.0032%1h1.1477−0.055%$6.7M$1.2M100x
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.145%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1509+0.224%$265K100xas long as short
Pacifica EURUSD+0.0100%1h1.1480−0.026%$191K$63K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1484+0.005%$12K10xas long as short
Hotstuff EURUSD-PERPlong+0.0112%1h1.1483long leg$33K50x
tradeXYZ xyz:EUR+0.0163%1h1.14830.000%$23.3M$1.6M50xas long as short