Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against HTX+0.073%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.073%, 7d avg +0.014%

Together, before fees−0.341%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.059% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1480	0	get 0.0000% / 1h	5m 16s	$12K	$263K	20x
Short	Bybit EURUSDUSDT	1.1488	0	get 0.0000% / 8h	2h 05m	$579K	$312K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.014%: $5.94
Slippage, 4 orders: −$65.95
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$83.02
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from HTX: live order book, 42 min ago; Bybit: live order book, 35 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 HTX live order book, 42 min ago	6.53 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 35 min ago	3.35 bp	11.3 bp −$11	34.4 bp −$344	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	−0.0150%	4h	1.1477	−0.026%	$6.8M	$135K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0132%	1h	1.1472	−0.069%	$3K	—	50x	as long as short
Lighter EURUSD	0.0000%	1h	1.1484	+0.035%	$2.2M	$432K	50x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1488	+0.073%	$579K	$312K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1477	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1476	−0.035%	$261K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1471	−0.078%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1481	+0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1480	long leg	$12K	$263K	20x
Extended EUR-USD	+0.0032%	1h	1.1471	−0.077%	$6.8M	$1.2M	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.118%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1504	+0.208%	—	$264K	100x	as long as short
Hibachi EUR/USDT-P	+0.0048%	1h	1.1475	−0.040%	$191K	$8.3M	30x	as long as short
Nado EURUSD-PERP	+0.0060%	1h	1.1476	−0.039%	$468K	$153K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1479	−0.009%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	+0.019%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0128%	1h	1.1481	+0.009%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0141%	1h	1.1481	+0.009%	$23.3M	$1.6M	50x	as long as short