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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0167%/8h= +18.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.034%
Price spread now: Hibachi against Injective+0.026%53s7-day average · you sell dearer than you buy
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 7 days+0.313%+$31 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hibachi is 0.026% dearer against Injective than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective EURUSD/USDC PERP1.14660.0033pay 0.0004% / 1h24m 07s$9K$78K101x
ShortHibachi EUR/USDT-P1.14690.0200get 0.0025% / 1h24m 07s$161K$8.2M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Injective. 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
$35
Price spread: +0.026% → 0.000%
$2.62
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$28.6
Costs to cover
0.090%
Break-even
1.3 days
Slippage unknown: Injective: no order-book sample; Hibachi: live order book, 5 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 Injective no order-book sample
Sell Hibachi live order book, 5 min ago0.04 bp4.6 bp −$515.6 bp −$156doesn't fitdoesn't fit
Injective: 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
MEXC EUR_USDT−0.0152%4h1.1473+0.058%$6.8M$137K100xas long as short
Nado EURUSD-PERP−0.0003%1h1.1473+0.055%$467K$154K40xas long as short
Bybit EURUSDUSDT0.0000%8h1.1473+0.054%$584K$281K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1473+0.058%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472+0.049%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1471+0.040%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1476+0.084%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1476+0.084%$12K$259K20xas long as short
Extended EUR-USD+0.0032%1h1.1471+0.039%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERPlong+0.0033%1h1.1466long leg$9K$78K101x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1502+0.314%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1472+0.049%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1477+0.096%$12K10xas long as short
Kraken Futures PF_EURUSD+0.0119%1h1.1467+0.009%$3K50xas long as short
Lighter EURUSD+0.0192%1h1.1482+0.134%$2.1M$444K50xas long as short
Hotstuff EURUSD-PERP+0.0192%1h1.1478+0.101%$33K50xas long as short
Hibachi EUR/USDT-Pshort+0.0200%1h1.1469+0.026%$161K$8.2M30x
tradeXYZ xyz:EUR+0.0213%1h1.1477+0.092%$23.3M$1.8M50xas long as short