Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Bitget−0.183%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.183%, 7d avg +0.064%

Together, before fees+0.453%+ Points / potential airdropPacifica: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.247% cheaper against Bitget than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of +0.064%). If the spread goes back, that is −$25 on $10k: about 8.2 days of funding at the current rate (+$3 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	0m 01s	$263K	$25K	100x
Short	Pacifica EURUSD	1.1450	0.0100	get 0.0013% / 1h	0m 01s	$191K	$60K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.183%Rate

Funding earned: $21
Price spread: −0.183% → +0.064%: −$24.72
Slippage, 4 orders: −$19.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.14
Costs to cover: 0.394%
Break-even: 21.4 days

Slippage from Bitget: live order book, 30 min ago; Pacifica: live order book, 38 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, 30 min ago	0.44 bp	6.7 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Pacifica live order book, 38 min ago	2.62 bp	14.4 bp −$14	doesn't fit	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
MEXC EUR_USDT	−0.0188%	4h	1.1453	−0.157%	$6.8M	$140K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1450	−0.185%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1472	+0.008%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1459	−0.105%	$143K	$5K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1471	long leg	$263K	$25K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1449	−0.192%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1458	−0.113%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1461	−0.087%	$13K	$273K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1447	−0.207%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.040%	$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	1.1481	+0.086%	—	$224K	100x	as long as short
Nado EURUSD-PERP	+0.0056%	1h	1.1452	−0.170%	$466K	$158K	40x	as long as short
Lighter EURUSD	+0.0056%	1h	1.1456	−0.132%	$2.1M	$538K	50x	as long as short
Pacifica EURUSDshort	+0.0100%	1h	1.1450	−0.183%	$191K	$60K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1454	−0.145%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0229%	1h	1.1457	−0.122%	$23.2M	$1.7M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0240%	1h	1.1460	−0.096%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0280%	1h	1.1457	−0.120%	$169K	$8.4M	30x	as long as short