Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.052%

Price spread now: Orderly against MEXC−0.009%7-day average −0.035% · you buy dearer than you sell

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.671%+$67 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.009%, 7d avg −0.035%

Together, before fees+0.627%+$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Orderly is 0.027% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1479	−0.0224	get 0.0112% / 4h	3h 04m	$6.8M	$135K	100x
Short	Orderly PERP_EURUSD_USDC	1.1478	0	get 0.0000% / 8h	3h 04m	$198K	$73K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.009%Rate

Funding earned: $47.04
Price spread: −0.009% → −0.035%: $2.67
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $35.71
Costs to cover: 0.140%
Break-even: 1.7 days

Slippage unknown: MEXC: live order book, 3 min ago; Orderly: 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, 3 min ago	0.44 bp	5.3 bp −$5	5.3 bp −$53	23.4 bp −$2,337	102.3 bp −$51.1K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Hibachi EUR/USDT-P	−0.0240%	1h	1.1476	−0.024%	$170K	$8.3M	30x	as long as short
MEXC EUR_USDTlong	−0.0224%	4h	1.1479	long leg	$6.8M	$135K	100x
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.045%	$3K	—	50x	as long as short
Lighter EURUSD	0.0000%	1h	1.1487	+0.071%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1482	+0.026%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1480	+0.009%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1480	+0.009%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1478	−0.009%	$198K	$73K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1481	+0.017%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1484	+0.044%	$12K	$263K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0006%	1h	1.1480	+0.012%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1477	−0.014%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.110%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1509	+0.264%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1480	+0.009%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1484	+0.047%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0159%	1h	1.1481	+0.017%	$23.3M	$1.6M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0160%	1h	1.1482	+0.026%	$33K	—	50x	as long as short