Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.064%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.064%, 7d avg +0.075%

Together, before fees−0.110%−$11 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: Bybit is 0.140% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1487	0	get 0.0000% / 8h	2h 17m	$261K	$25K	100x
Short	Bybit EURUSDUSDT	1.1480	0	get 0.0000% / 8h	2h 17m	$579K	$312K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.075%: −$13.98
Slippage, 4 orders: −$24.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.46
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from Bitget: live order book, 22 min ago; Bybit: live order book, 22 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 Bitget live order book, 22 min ago	1.31 bp	7.5 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit
Sell Bybit live order book, 22 min ago	3.35 bp	11.3 bp −$11	34.4 bp −$344	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
MEXC EUR_USDT	−0.0218%	4h	1.1477	−0.087%	$6.8M	$134K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0132%	1h	1.1472	−0.128%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0072%	1h	1.1476	−0.100%	$196K	$8.3M	30x	as long as short
Lighter EURUSD	0.0000%	1h	1.1484	−0.023%	$2.2M	$432K	50x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1480	−0.064%	$579K	$312K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1477	−0.087%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1487	long leg	$261K	$25K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1472	−0.131%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1480	−0.061%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1485	−0.017%	$13K	$263K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1472	−0.128%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.179%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1504	+0.150%	—	$265K	100x	as long as short
Nado EURUSD-PERP	+0.0048%	1h	1.1475	−0.107%	$467K	$153K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.078%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1483	−0.039%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0112%	1h	1.1480	−0.061%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0123%	1h	1.1480	−0.061%	$23.3M	$1.6M	50x	as long as short