Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.103%

Price spread now: MEXC against tradeXYZ−0.044%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.475%−$47 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.044%, 7d avg +0.003%

Together, before fees−0.434%+ Points / potential airdroptradeXYZ: Active · farm board−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC is 0.046% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:EUR	1.1477	0.0144	pay 0.0018% / 1h	59m 06s	$23.3M	$1.8M	50x
Short	MEXC EUR_USDT	1.1472	−0.0192	pay 0.0096% / 4h	59m 06s	$6.8M	$132K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee tradeXYZbpFee MEXCbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$70.51
Price spread: −0.044% → +0.003%: −$4.62
Slippage, 4 orders: −$6.3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$107.43
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; MEXC: live order book, 4 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 tradeXYZ live order book, 10 min ago	0.87 bp	11.3 bp −$11	17.6 bp −$176	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	23.1 bp −$2,308	124.7 bp −$62.4K

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_USDTshort	−0.0192%	4h	1.1472	−0.044%	$6.8M	$132K	100x
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1469	−0.069%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.038%	$584K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1474	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.044%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.070%	$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-USDT	0.0000%	1h	1.1473	−0.035%	$13K	$260K	20x	as long as short
Nado EURUSD-PERP	+0.0011%	1h	1.1473	−0.034%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1469	−0.067%	$6.7M	$1.2M	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.092%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1501	+0.212%	—	$264K	100x	as long as short
Hibachi EUR/USDT-P	+0.0048%	1h	1.1470	−0.063%	$158K	$8.2M	30x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1473	−0.035%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1478	+0.005%	$12K	—	10x	as long as short
Lighter EURUSD	+0.0120%	1h	1.1482	+0.042%	$2.1M	$435K	50x	as long as short
tradeXYZ xyz:EURlong	+0.0144%	1h	1.1477	long leg	$23.3M	$1.8M	50x
Hotstuff EURUSD-PERP	+0.0144%	1h	1.1477	0.000%	$33K	—	50x	as long as short