Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.049%

Price spread now: Extended against Bitget−0.054%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.054%, 7d avg +0.048%

Together, before fees+0.138%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.102% cheaper against Bitget than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.048%). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1471	0	get 0.0000% / 8h	2h 21m	$250K	$92K	100x
Short	Extended EUR-USD	1.1465	0.0032	get 0.0004% / 1h	21m 50s	$6.7M	$2.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.054%Rate

Funding earned: $6.72
Price spread: −0.054% → +0.048%: −$10.21
Slippage, 4 orders: −$8.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.3
Costs to cover: 0.258%
Break-even: 37.5 days

Slippage from Bitget: live order book, 61 min ago; Extended: live order book, 2 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, 61 min ago	0.87 bp	6.9 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.35 bp	5.1 bp −$5	9.3 bp −$93	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	−0.0180%	1h	1.1465	−0.057%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0144%	4h	1.1466	−0.044%	$6.8M	$159K	100x	as long as short
Nado EURUSD-PERP	−0.0034%	1h	1.1466	−0.043%	$466K	$362K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1479	+0.067%	$2.2M	$932K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1483	+0.104%	$593K	$531K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	+0.061%	$142K	$10K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1471	long leg	$250K	$92K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1466	−0.044%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1472	+0.009%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1470	−0.009%	$13K	$242K	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-USDshort	+0.0032%	1h	1.1465	−0.054%	$6.7M	$2.4M	100x
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.005%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0034%	1h	1.1492	+0.185%	—	$264K	100x	as long as short
Hibachi EUR/USDT-P	+0.0048%	1h	1.1467	−0.037%	$173K	$9.2M	30x	as long as short
Hotstuff EURUSD-PERP	+0.0088%	1h	1.1473	+0.017%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1468	−0.026%	$190K	$190K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1478	+0.065%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0137%	1h	1.1472	+0.009%	$23.2M	$2.9M	50x	as long as short