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

EUL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget+0.028%95s7-day average −0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1071.073% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.028%, 7d avg −0.110%
Together, before fees+0.052%+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.138% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.110%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EULUSDT1.41800.0100pay 0.0050% / 4h2h 15m$2.2M$254K25x
ShortBloFin EUL-USDT1.41840.0139get 0.0069% / 4h2h 15m$302K$7K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$8.09
Price spread: +0.028% → −0.110%
$13.84
Slippage, 4 orders
−$83.25
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$85.33
Costs to cover
1.073%
Break-even
80.8 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 1 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 Bitget live order book, 1 min ago7.05 bp45.0 bp −$45224.5 bp −$2,245doesn't fitdoesn't fit
Sell BloFin live order book, 1 min ago0.71 bp12.1 bp −$1252.8 bp −$528doesn't fitdoesn't fit

EUL on 12 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
Aster EULUSDT+0.0100%4h1.4171−0.060%$36K$9K5xas long as short
Binance EULUSDT+0.0100%4h1.4164−0.113%$3.2M$4.6M25xas long as short
Bybit EULUSDT+0.0100%4h1.4166−0.099%$1.6M$1.4M25xas long as short
Gate EUL_USDT+0.0100%4h1.4175−0.035%$309K$716K25xas long as short
MEXC EUL_USDT+0.0100%4h1.4163−0.120%$504K$129K20xas long as short
Bitget EULUSDTlong+0.0100%4h1.4180long leg$2.2M$254K25x
BingX EUL-USDT+0.0100%4h1.4167−0.092%$6.5Mas long as short
Variational Omni EUL+0.0100%4h1.4183+0.023%$12K$1Kas long as short
edgeX EULUSDC+0.0102%4h1.4180−0.001%$25K$264K10xas long as short
BloFin EUL-USDTshort+0.0139%4h1.4184+0.028%$302K$7K25x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX EUL-USDT+0.0471%4h1.4242+0.437%$130K$43K10xas long as short
KuCoin EULUSDTM+0.0578%4h1.4200+0.141%$308K$59K25xas long as short