EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.022%

Price spread now: Pacifica against tradeXYZ−0.052%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on tradeXYZ Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.052%, 7d avg −0.045%

Together, before fees+0.150%+ Points / potential airdroptradeXYZ: Active · Pacifica: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:EUR	1.1473	0.0254	pay 0.0032% / 1h	24m 25s	$23.2M	$1.6M	50x
Short	Pacifica EURUSD	1.1467	0.0100	get 0.0013% / 1h	24m 25s	$191K	$60K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.052%Rate

Funding earned: −$32.35
Price spread: −0.052% → −0.045%: −$0.75
Slippage, 4 orders: −$23.46
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.56
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Pacifica: live order book, 19 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, 5 min ago	0.87 bp	10.2 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell Pacifica live order book, 19 min ago	2.18 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit

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	−0.0228%	1h	1.1465	−0.068%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0218%	4h	1.1467	−0.052%	$6.8M	$135K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1478	+0.039%	$579K	$312K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.026%	$144K	$6K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1476	+0.026%	$261K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1460	−0.113%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1473	0.000%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1472	−0.009%	$12K	$269K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1463	−0.088%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.058%	$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
Vest EUR-USD-PERP	+0.0046%	1h	1.1495	+0.188%	—	$241K	100x	as long as short
Nado EURUSD-PERP	+0.0089%	1h	1.1466	−0.064%	$467K	$154K	40x	as long as short
Pacifica EURUSDshort	+0.0100%	1h	1.1467	−0.052%	$191K	$60K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.024%	$12K	—	10x	as long as short
tradeXYZ xyz:EURlong	+0.0254%	1h	1.1473	long leg	$23.2M	$1.6M	50x
Hotstuff EURUSD-PERP	+0.0272%	1h	1.1474	+0.009%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0320%	1h	1.1465	−0.073%	$170K	$8.3M	30x	as long as short
Lighter EURUSD	+0.0336%	1h	1.1479	+0.053%	$2.2M	$408K	50x	as long as short