Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.052%

Price spread now: tradeXYZ against Bitget−0.035%7-day average +0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.035%, 7d avg +0.111%

Together, before fees+0.208%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.146% cheaper against Bitget than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.111%). If the spread goes back, that is −$15 on $10k: about 4.3 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	1.1482	0	get 0.0000% / 8h	2h 26m	$261K	$25K	100x
Short	tradeXYZ xyz:EUR	1.1478	0.0113	get 0.0014% / 1h	26m 08s	$23.3M	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.035%Rate

Funding earned: $23.77
Price spread: −0.035% → +0.111%: −$14.59
Slippage, 4 orders: −$7.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.53
Costs to cover: 0.377%
Break-even: 15.4 days

Slippage from Bitget: live order book, 14 min ago; tradeXYZ: live order book, 3 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, 14 min ago	1.31 bp	7.5 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.87 bp	9.9 bp −$10	11.8 bp −$118	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	−0.0146%	4h	1.1479	−0.026%	$6.8M	$134K	100x	as long as short
Hibachi EUR/USDT-P	−0.0136%	1h	1.1475	−0.062%	$183K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0132%	1h	1.1470	−0.105%	$3K	—	50x	as long as short
Lighter EURUSD	0.0000%	1h	1.1485	+0.026%	$2.2M	$431K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1490	+0.070%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1488	+0.052%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1482	long leg	$261K	$25K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1474	−0.070%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1478	−0.035%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1485	+0.026%	$13K	$264K	20x	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	1.1474	−0.071%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.136%	$9K	$78K	101x	as long as short
Nado EURUSD-PERP	+0.0034%	1h	1.1477	−0.043%	$467K	$153K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1506	+0.208%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1480	−0.017%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1483	+0.011%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0112%	1h	1.1480	−0.017%	$33K	—	50x	as long as short
tradeXYZ xyz:EURshort	+0.0113%	1h	1.1478	−0.035%	$23.3M	$1.6M	50x