Funding you earn now, next payment 08:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.033%
Price spread now: Hotstuff against Orderly+0.113%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hotstuff is 0.113% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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 | Orderly PERP_EURUSD_USDC | 1.1460 | 0 | get 0.0000% / 8h | 51m 33s | $198K | $73K | 50x |
| Short | Hotstuff EURUSD-PERP | 1.1473 | 0.0216 | get 0.0027% / 1h | 51m 33s | $33K | — | 50x |
Orderly PERP_EURUSD_USDC
Hotstuff EURUSD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.36
- Price spread: +0.113% → 0.000%
- $11.34
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $45.7
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Orderly and 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0292% | 4h | 1.1466 | +0.052% | $6.8M | $133K | 100x | as long as short |
| Kraken Futures PF_EURUSD | −0.0020% | 1h | 1.1463 | +0.028% | $3K | — | 50x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1481 | +0.186% | $580K | $311K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1476 | +0.140% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | +0.105% | $263K | $25K | 100x | as long as short |
| Orderly PERP_EURUSD_USDClong | 0.0000% | 8h | 1.1460 | long leg | $198K | $73K | 50x | |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1471 | +0.096% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1472 | +0.105% | $13K | $272K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1462 | +0.016% | $6.8M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | +0.056% | $9K | $78K | 101x | as long as short |
MEXC EUR_USDT
Kraken Futures PF_EURUSD
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1494 | +0.294% | — | $241K | 100x | as long as short |
| Nado EURUSD-PERP | +0.0046% | 1h | 1.1465 | +0.042% | $467K | $159K | 40x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1467 | +0.061% | $191K | $60K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1475 | +0.134% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERPshort | +0.0216% | 1h | 1.1473 | +0.113% | $33K | — | 50x | |
| Hibachi EUR/USDT-P | +0.0248% | 1h | 1.1464 | +0.037% | $167K | $8.3M | 30x | as long as short |
| tradeXYZ xyz:EUR | +0.0264% | 1h | 1.1471 | +0.096% | $23.2M | $1.6M | 50x | as long as short |
| Lighter EURUSD | +0.0392% | 1h | 1.1479 | +0.164% | $2.2M | $384K | 50x | as long as short |
Vest EUR-USD-PERP
Nado EURUSD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hibachi EUR/USDT-P
tradeXYZ xyz:EUR
Lighter EURUSD