Settings8H · net · $10k
Funding arb · Price arb /

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.050%
Price spread now: Bybit against tradeXYZ−0.021%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$540.540% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.354%−$35 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.021%, 7d avg −0.036%
Together, before fees−0.337%+ Points / potential airdroptradeXYZ: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:EUR1.14750.0208pay 0.0026% / 1h21m 23s$23.3M$1.8M50x
ShortBybit EURUSDUSDT1.14730get 0.0000% / 8h5h 21m$584K$281K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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

Funding earned
−$43.69
Price spread: −0.021% → −0.036%
$1.54
Slippage, 4 orders
−$24.97
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$96.12
Costs to cover
0.540%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Bybit: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 7 min ago0.87 bp11.7 bp −$1218.3 bp −$183doesn't fitdoesn't fit
Sell Bybit live order book, 34 min ago4.36 bp13.8 bp −$1447.7 bp −$477doesn't fitdoesn't fit

EUR on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EUR_USDT−0.0156%4h1.1472−0.026%$6.8M$137K100xas long as short
Nado EURUSD-PERP−0.0001%1h1.1472−0.022%$467K$154K40xas long as short
Bybit EURUSDUSDTshort0.0000%8h1.1473−0.021%$584K$281K100x
Gate EURUSD_USDT0.0000%8h1.1473−0.017%$144K$5K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472−0.026%$253K$20K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1469−0.052%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.14750.000%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.14750.000%$13K$259K20xas long as short
Extended EUR-USD+0.0032%1h1.1469−0.051%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.075%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest EUR-USD-PERP+0.0046%1h1.1501+0.226%$264K100xas long as short
Pacifica EURUSD+0.0100%1h1.1472−0.026%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1477+0.019%$12K10xas long as short
Kraken Futures PF_EURUSD+0.0119%1h1.1467−0.066%$3K50xas long as short
Hotstuff EURUSD-PERP+0.0176%1h1.1477+0.017%$33K50xas long as short
Hibachi EUR/USDT-P+0.0176%1h1.1470−0.047%$163K$8.2M30xas long as short
Lighter EURUSD+0.0184%1h1.1482+0.057%$2.1M$444K50xas long as short
tradeXYZ xyz:EURlong+0.0208%1h1.1475long leg$23.3M$1.8M50x