Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.045%

Price spread now: Kraken Futures against Bitget−0.066%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.066% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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 01m	$250K	$91K	100x
Short	Kraken Futures PF_EURUSD	1.1464	−0.0180	pay 0.0023% / 1h	1m 10s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$37.85
Price spread: −0.066% → 0.000%: −$6.62
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$66.48
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 14 min ago; Kraken Futures: 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, 14 min ago	0.44 bp	6.7 bp −$7	8.4 bp −$84	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Kraken Futures PF_EURUSDshort	−0.0180%	1h	1.1464	−0.066%	$3K	—	50x
MEXC EUR_USDT	−0.0150%	4h	1.1469	−0.026%	$6.8M	$160K	100x	as long as short
Nado EURUSD-PERP	−0.0007%	1h	1.1468	−0.036%	$466K	$337K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1481	+0.076%	$2.2M	$932K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1485	+0.115%	$594K	$530K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	+0.052%	$142K	$10K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1472	long leg	$250K	$91K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.026%	$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	1.1472	0.000%	$13K	$246K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0025%	1h	1.1492	+0.177%	—	$264K	100x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1467	−0.044%	$6.7M	$2.1M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.014%	$9K	$78K	101x	as long as short
Hibachi EUR/USDT-P	+0.0056%	1h	1.1467	−0.048%	$163K	$9.3M	30x	as long as short
Hotstuff EURUSD-PERP	+0.0096%	1h	1.1473	+0.009%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1470	−0.017%	$190K	$187K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	+0.076%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0146%	1h	1.1473	+0.009%	$23.2M	$2.7M	50x	as long as short