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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0800%/8h= +87.6% APRnext payment +$1.00 per $10,000 · paid last 24h −0.006%
Price spread now: SunX against Hotstuff−0.052%496s7-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 · farm boardneeds both histories
Funding pays, the price is against you. SunX is 0.052% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$24 a day). The two prices were read 496 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff EURUSD-PERP1.1470−0.0800get 0.0100% / 1h43m 11s$33K50x
ShortSunX EURUSD-USDT1.14640get 0.0000% / 1h43m 11s$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$168
Price spread: −0.052% → 0.000%
−$5.23
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
$149.77
Costs to cover
0.130%
Break-even
0.8 days
Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago81.09 bp99.9 bp −$100doesn't fitdoesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff EURUSD-PERPlong−0.0800%1h1.1470long leg$33K50x
MEXC EUR_USDT−0.0176%4h1.1464−0.052%$6.8M$145K100xas long as short
Kraken Futures PF_EURUSD−0.0112%1h1.1456−0.123%$3K50xas long as short
Nado EURUSD-PERP−0.0014%1h1.1465−0.039%$191K$293K40xas long as short
Lighter EURUSD0.0000%1h1.1471+0.007%$2.1M$501K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1480+0.089%$625K$351K100xas long as short
Gate EURUSD_USDT0.0000%8h1.14700.000%$144K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471+0.009%$260K$27K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1462−0.070%$247K$122K50xas long as short
SunX EURUSD-USDTshort0.0000%1h1.1464−0.052%$1.6M10x
Show all 18 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EURUSD-USDT0.0000%1h1.1469−0.009%$12K$270K20xas long as short
Extended EUR-USD+0.0032%1h1.1462−0.071%$6.8M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.031%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1494+0.208%$190K100xas long as short
tradeXYZ xyz:EUR+0.0067%1h1.1465−0.044%$22.9M$1.7M50xas long as short
Pacifica EURUSD+0.0100%1h1.1462−0.067%$196K$64K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1467−0.029%$12K10xas long as short
Hibachi EUR/USDT-P+0.0224%1h1.1464−0.055%$179K$8.6M30xas long as short