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: Orderly against Bitget−0.078%7-day average +0.068% · you buy dearer than you sell

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.078%, 7d avg +0.068%

Together, before fees+0.455%+$45 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: Orderly is 0.146% cheaper against Bitget than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1472	0	get 0.0000% / 8h	39m 51s	$263K	$25K	100x
Short	Orderly PERP_EURUSD_USDC	1.1463	0	get 0.0000% / 8h	39m 51s	$247K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → +0.068%: −$14.6
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$32.6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 55 min ago; Orderly: 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, 55 min ago	0.44 bp	6.4 bp −$6	6.4 bp −$64	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0382%	4h	1.1467	−0.044%	$6.8M	$133K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1461	−0.099%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1482	+0.085%	$580K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.035%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1472	long leg	$263K	$25K	100x
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1463	−0.078%	$247K	$122K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1469	−0.026%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1470	−0.017%	$13K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1464	−0.071%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.049%	$9K	$78K	101x	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	+0.0046%	1h	1.1495	+0.200%	—	$241K	100x	as long as short
Nado EURUSD-PERP	+0.0048%	1h	1.1466	−0.053%	$467K	$159K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1468	−0.035%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1472	−0.003%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0200%	1h	1.1473	+0.009%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0224%	1h	1.1465	−0.063%	$163K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0235%	1h	1.1468	−0.035%	$23.2M	$1.6M	50x	as long as short
Lighter EURUSD	+0.0256%	1h	1.1476	+0.031%	$2.1M	$432K	50x	as long as short