Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.087%

Price spread now: Hotstuff against MEXC+0.052%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Hotstuff

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hotstuff is 0.052% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1455	−0.0126	get 0.0063% / 4h	2h 56m	$6.8M	$140K	100x
Short	Hotstuff EURUSD-PERP	1.1461	0.0056	get 0.0007% / 1h	56m 39s	$33K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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 MEXCbpFee HotstuffbpOrdersPrice spread, now +0.052%Rate

Funding earned: $38.22
Price spread: +0.052% → 0.000%: $5.24
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $30.46
Costs to cover: 0.130%
Break-even: 1.4 days

Slippage unknown: MEXC: live order book, 1 min ago; Hotstuff: no order-book sample. 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 MEXC live order book, 1 min ago	0.44 bp	4.4 bp −$4	4.9 bp −$49	32.2 bp −$3,218	136.6 bp −$68.3K
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Kraken Futures PF_EURUSD	−0.0140%	1h	1.1451	−0.032%	$3K	—	50x	as long as short
MEXC EUR_USDTlong	−0.0126%	4h	1.1455	long leg	$6.8M	$140K	100x
Nado EURUSD-PERP	−0.0003%	1h	1.1458	+0.026%	$191K	$301K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1462	+0.058%	$2.1M	$512K	50x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1461	+0.052%	$144K	$3K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1455	0.000%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1461	+0.052%	—	$2.1M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1458	+0.026%	$12K	$274K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1453	−0.014%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.100%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1487	+0.277%	—	$225K	100x	as long as short
Hotstuff EURUSD-PERPshort	+0.0056%	1h	1.1461	+0.052%	$33K	—	50x
Bitget EURUSDUSDT	+0.0070%	8h	1.1470	+0.131%	$263K	$27K	100x	as long as short
tradeXYZ xyz:EUR	+0.0075%	1h	1.1459	+0.035%	$23.1M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1454	−0.013%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1460	+0.047%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0432%	1h	1.1461	+0.056%	$155K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.0554%	8h	1.1470	+0.132%	$606K	$325K	100x	as long as short