Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.053%

Price spread now: HTX against MEXC−0.061%50s7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1421.416% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$37 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.061%, 7d avg −0.042%

Together, before fees+0.423%+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 50 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	MEXC EUR_USDT	1.1475	−0.0164	get 0.0082% / 4h	33m 27s	$6.8M	$134K	100x
Short	HTX EURUSD-USDT	1.1468	0	get 0.0000% / 1h	33m 27s	$12K	$261K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.061%Rate

Funding earned: $34.44
Price spread: −0.061% → −0.042%: −$1.9
Slippage, 4 orders: −$121.61
Fee MEXC: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$109.07
Costs to cover: 1.416%
Break-even: 29.2 days

Slippage from MEXC: live order book, 4 min ago; HTX: live order book, 23 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 MEXC live order book, 4 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	32.9 bp −$3,288	144.0 bp −$72.0K
Sell HTX live order book, 23 min ago	28.33 bp	70.6 bp −$71	doesn't fit	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_USDTlong	−0.0164%	4h	1.1475	long leg	$6.8M	$134K	100x
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1468	−0.059%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0032%	1h	1.1471	−0.037%	$163K	$8.2M	30x	as long as short
Nado EURUSD-PERP	−0.0004%	1h	1.1474	−0.005%	$467K	$153K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.021%	$584K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1474	−0.009%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1474	−0.009%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1471	−0.035%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	+0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTshort	0.0000%	1h	1.1468	−0.061%	$12K	$261K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1472	−0.030%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.075%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1503	+0.246%	—	$264K	100x	as long as short
Lighter EURUSD	+0.0056%	1h	1.1483	+0.068%	$2.1M	$435K	50x	as long as short
Hotstuff EURUSD-PERP	+0.0088%	1h	1.1477	+0.017%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1474	−0.009%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1479	+0.033%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0129%	1h	1.1477	+0.017%	$23.3M	$1.8M	50x	as long as short