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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h +0.050%
Price spread now: HTX against Kraken Futures+0.086%7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.086% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_EURUSD1.1466−0.0211get 0.0026% / 1h13m 21s$3K50x
ShortHTX EURUSD-USDT1.14760get 0.0000% / 1h13m 21s$12K$256K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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
$44.27
Price spread: +0.086% → 0.000%
$8.56
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$30.84
Costs to cover
0.220%
Break-even
2.1 days
Slippage unknown: Kraken Futures: no order-book sample; HTX: live order book, 53 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 Kraken Futures no order-book sample
Sell HTX live order book, 53 min ago6.54 bp32.4 bp −$32doesn't fitdoesn't fitdoesn't fit
Kraken Futures: 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
Kraken Futures PF_EURUSDlong−0.0211%1h1.1466long leg$3K50x
MEXC EUR_USDT−0.0176%4h1.1467+0.007%$6.8M$141K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1473+0.058%$582K$280K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476+0.086%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1471+0.042%$253K$21K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1464−0.019%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1474+0.068%$2.5M10xas long as short
HTX EURUSD-USDTshort0.0000%1h1.1476+0.086%$12K$256K20x
Extended EUR-USD+0.0032%1h1.1464−0.023%$6.7M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470+0.037%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0046%1h1.1466+0.002%$466K$155K40xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1495+0.255%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1467+0.007%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1475+0.081%$12K10xas long as short
Lighter EURUSD+0.0152%1h1.1478+0.105%$2.1M$441K50xas long as short
Hibachi EUR/USDT-P+0.0176%1h1.1469+0.021%$171K$8.3M30xas long as short
tradeXYZ xyz:EUR+0.0252%1h1.1474+0.068%$23.3M$1.8M50xas long as short
Hotstuff EURUSD-PERP+0.0256%1h1.1475+0.077%$33K50xas long as short