Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.021%
Price spread now: tradeXYZ against Hotstuff−0.035%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · tradeXYZ: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.035% cheaper against Hotstuff than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff EURUSD-PERP | 1.1447 | 0.0328 | pay 0.0041% / 1h | 33m 46s | $33K | — | 50x |
| Short | tradeXYZ xyz:EUR | 1.1443 | 0.0278 | get 0.0035% / 1h | 33m 46s | $23.2M | $1.8M | 50x |
Hotstuff EURUSD-PERP
tradeXYZ xyz:EURFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.48
- Price spread: −0.035% → 0.000%
- −$3.49
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$36.97
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; tradeXYZ: live order book, 4 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 4 min ago | 1.75 bp | 11.4 bp −$11 | 13.3 bp −$133 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0400% | 4h | 1.1439 | −0.070% | $6.8M | $141K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0131% | 1h | 1.1435 | −0.108% | $3K | — | 50x | as long as short |
| Lighter EURUSD | 0.0000% | 1h | 1.1446 | −0.012% | $2.1M | $542K | 50x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1438 | −0.079% | $246K | $122K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1442 | −0.044% | — | $2.3M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1450 | +0.026% | $13K | $273K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1436 | −0.098% | $6.8M | $1.4M | 100x | as long as short |
| Bitget EURUSDUSDT | +0.0033% | 8h | 1.1470 | +0.201% | $263K | $25K | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.169% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1469 | +0.189% | — | $224K | 100x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Lighter EURUSD
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Bitget EURUSDUSDT
Injective EURUSD/USDC PERP
Vest EUR-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica EURUSD | +0.0100% | 1h | 1.1437 | −0.086% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1442 | −0.044% | $12K | — | 10x | as long as short |
| Nado EURUSD-PERP | +0.0115% | 1h | 1.1439 | −0.067% | $465K | $159K | 40x | as long as short |
| Gate EURUSD_USDT | +0.0200% | 8h | 1.1461 | +0.122% | $143K | $3K | 100x | as long as short |
| tradeXYZ xyz:EURshort | +0.0278% | 1h | 1.1443 | −0.035% | $23.2M | $1.8M | 50x | |
| Hotstuff EURUSD-PERPlong | +0.0328% | 1h | 1.1447 | long leg | $33K | — | 50x | |
| Hibachi EUR/USDT-P | +0.0424% | 1h | 1.1442 | −0.043% | $167K | $8.4M | 30x | as long as short |
| Bybit EURUSDUSDT | +0.1996% | 8h | 1.1472 | +0.222% | $587K | $314K | 100x | as long as short |
Pacifica EURUSD
Aevo EURUSD-PERP
Nado EURUSD-PERP
Gate EURUSD_USDT
Hibachi EUR/USDT-P
Bybit EURUSDUSDT