Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.031%

Price spread now: Hotstuff against Bitget0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1472	0	get 0.0000% / 8h	0m 05s	$251K	$20K	100x
Short	Hotstuff EURUSD-PERP	1.1472	0.0112	get 0.0014% / 1h	0m 05s	$33K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now 0.000%Rate

Funding earned: $23.52
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $6.52
Costs to cover: 0.170%
Break-even: 5.1 days

Slippage unknown: Bitget: live order book, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.

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, 5 min ago	0.44 bp	6.4 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0192%	4h	1.1466	−0.052%	$6.8M	$155K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1464	−0.071%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1472	0.000%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1479	+0.061%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1472	long leg	$251K	$20K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.070%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1472	0.000%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1469	−0.026%	$12K	$259K	20x	as long as short
Nado EURUSD-PERP	+0.0008%	1h	1.1466	−0.054%	$466K	$265K	40x	as long as short
Lighter EURUSD	+0.0016%	1h	1.1473	+0.008%	$2.1M	$540K	50x	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	1.1464	−0.073%	$6.7M	$1.7M	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	+0.0046%	1h	1.1495	+0.204%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.044%	$190K	$128K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1471	−0.004%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERPshort	+0.0112%	1h	1.1472	0.000%	$33K	—	50x
tradeXYZ xyz:EUR	+0.0188%	1h	1.1472	0.000%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0224%	1h	1.1467	−0.045%	$166K	$8.3M	30x	as long as short