Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against SunX−0.096%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 SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.096%, 7d avg −0.035%

Together, before fees+0.406%+$41 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.060% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it 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	SunX EURUSD-USDT	1.1476	0	get 0.0000% / 1h	14m 55s	—	$2.5M	10x
Short	Orderly PERP_EURUSD_USDC	1.1465	0	get 0.0000% / 8h	6h 14m	$198K	$111K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee OrderlybpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.035%: −$6.04
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.04
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 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 SunX live order book, 2 min ago	80.60 bp	98.5 bp −$98	doesn't fit	doesn't fit	doesn't fit
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
Kraken Futures PF_EURUSD	−0.0211%	1h	1.1468	−0.071%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0178%	4h	1.1468	−0.070%	$6.8M	$141K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.029%	$582K	$280K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	0.000%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.044%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1465	−0.096%	$198K	$111K	50x
SunX EURUSD-USDTlong	0.0000%	1h	1.1476	long leg	—	$2.5M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1469	−0.061%	$12K	$257K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1464	−0.101%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.049%	$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
Nado EURUSD-PERP	+0.0045%	1h	1.1468	−0.068%	$466K	$155K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1497	+0.184%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1469	−0.061%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.002%	$12K	—	10x	as long as short
Lighter EURUSD	+0.0144%	1h	1.1479	+0.029%	$2.1M	$441K	50x	as long as short
Hibachi EUR/USDT-P	+0.0168%	1h	1.1469	−0.060%	$171K	$8.3M	30x	as long as short
Hotstuff EURUSD-PERP	+0.0248%	1h	1.1477	+0.009%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0251%	1h	1.1476	0.000%	$23.3M	$1.8M	50x	as long as short