Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Bitget+0.052%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.052%, 7d avg +0.072%

Together, before fees+0.044%+$4 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 0.020% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1472	0	get 0.0000% / 8h	2h 30m	$250K	$92K	100x
Short	Gate EURUSD_USDT	1.1478	0	get 0.0000% / 8h	2h 30m	$142K	$10K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.072%: −$2.01
Slippage, 4 orders: −$43.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$72.44
Costs to cover: 0.704%
Break-even: never at this rate

Slippage from Bitget: live order book, 53 min ago; Gate: live order book, 52 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, 53 min ago	0.87 bp	6.9 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Gate live order book, 52 min ago	7.40 bp	21.4 bp −$21	189.6 bp −$1,896	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	−0.062%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0148%	4h	1.1466	−0.052%	$6.8M	$158K	100x	as long as short
Nado EURUSD-PERP	−0.0048%	1h	1.1467	−0.043%	$467K	$369K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1479	+0.065%	$2.2M	$931K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1485	+0.112%	$594K	$531K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1478	+0.052%	$142K	$10K	100x
Bitget EURUSDUSDTlong	0.0000%	8h	1.1472	long leg	$250K	$92K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1466	−0.052%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1473	+0.009%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1470	−0.017%	$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
Hibachi EUR/USDT-P	+0.0024%	1h	1.1467	−0.040%	$166K	$9.2M	30x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1466	−0.050%	$6.7M	$2.6M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.014%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0037%	1h	1.1492	+0.177%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0072%	1h	1.1473	+0.009%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1468	−0.035%	$190K	$189K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1480	+0.073%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0119%	1h	1.1473	+0.009%	$23.2M	$3.0M	50x	as long as short