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

EUL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit−0.063%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2302.305% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.063%, 7d avg +0.041%
Together, before fees+0.020%+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.104% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit EULUSDT1.43620.0100pay 0.0050% / 4h3h 44m$1.6M$1.4M25x
ShortGate EUL_USDT1.43530.0100get 0.0050% / 4h3h 44m$314K$700K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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
$0
Price spread: −0.063% → +0.041%
−$10.36
Slippage, 4 orders
−$204.46
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$240.82
Costs to cover
2.305%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 27 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 Bybit live order book, 2 min ago0.70 bp43.9 bp −$442259.6 bp −$22.6Kdoesn't fitdoesn't fit
Sell Gate live order book, 27 min ago7.71 bp95.7 bp −$96doesn't fitdoesn'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
BloFin EUL-USDT+0.0077%4h1.4366+0.028%$304K$7K25xas long as short
Aster EULUSDT+0.0100%4h1.4358−0.028%$36K$9K5xas long as short
Binance EULUSDT+0.0100%4h1.4356−0.043%$3.3M$4.7M25xas long as short
Bybit EULUSDTlong+0.0100%4h1.4362long leg$1.6M$1.4M25x
Gate EUL_USDTshort+0.0100%4h1.4353−0.063%$314K$700K25x
MEXC EUL_USDT+0.0100%4h1.4351−0.077%$504K$124K20xas long as short
Bitget EULUSDT+0.0100%4h1.4360−0.014%$2.2M$273K25xas long as short
BingX EUL-USDT+0.0100%4h1.43620.000%$6.5Mas long as short
Variational Omni EUL+0.0100%4h1.4339−0.158%$12K$1Kas long as short
HTX EUL-USDT+0.0100%4h1.4405+0.299%$131K$43K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EULUSDC+0.0108%4h1.4345−0.118%$17K$271K10xas long as short
KuCoin EULUSDTM+0.0654%4h1.4376+0.097%$310K$56K25xas long as short