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

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0186%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h +0.015%
Price spread now: Hotstuff against Vest−0.181%55s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Hotstuff: Active · farm boardneeds both histories
Funding pays, the price is against you. Hotstuff is 0.181% cheaper against Vest than usual: you would sell low and buy high (spread −0.181% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 3.2 days of funding at the current rate (+$6 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest EUR-USD-PERP1.14980.0046pay 0.0006% / 1h35m 31s$264K100x
ShortHotstuff EURUSD-PERP1.14770.0232get 0.0029% / 1h35m 31s$33K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Vest. 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
$39.13
Price spread: −0.181% → 0.000%
−$18.06
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$14.07
Costs to cover
0.070%
Break-even
4.5 days
Slippage unknown: Vest: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Hotstuff no order-book sample
Vest 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_EURUSD−0.0211%1h1.1468−0.257%$3K50xas long as short
MEXC EUR_USDT−0.0168%4h1.1469−0.250%$6.8M$139K100xas long as short
Bybit EURUSDUSDT0.0000%8h1.1473−0.213%$582K$280K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1476−0.189%$142K$4K100xas long as short
Bitget EURUSDUSDT0.0000%8h1.1472−0.224%$253K$21K100xas long as short
Orderly PERP_EURUSD_USDC0.0000%8h1.1467−0.268%$198K$111K50xas long as short
SunX EURUSD-USDT0.0000%1h1.1477−0.181%$2.5M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1476−0.189%$12K$257K20xas long as short
Extended EUR-USD+0.0032%1h1.1466−0.273%$6.7M$1.3M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1470−0.238%$9K$78K101xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0040%1h1.1469−0.249%$466K$156K40xas long as short
Vest EUR-USD-PERPlong+0.0046%1h1.1498long leg$264K100x
Lighter EURUSD+0.0072%1h1.1480−0.159%$2.1M$441K50xas long as short
Hibachi EUR/USDT-P+0.0072%1h1.1468−0.255%$173K$8.3M30xas long as short
Pacifica EURUSD+0.0100%1h1.1467−0.270%$190K$61K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.1476−0.186%$12K10xas long as short
Hotstuff EURUSD-PERPshort+0.0232%1h1.1477−0.181%$33K50x
tradeXYZ xyz:EUR+0.0233%1h1.1477−0.181%$23.3M$1.9M50xas long as short