Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Gate against Bybit+0.012%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.012%, 7d avg −0.009%

Together, before fees+0.242%+$24 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: Gate is 0.021% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1477	0	get 0.0000% / 8h	1h 27m	$593K	$529K	100x
Short	Gate EURUSD_USDT	1.1478	0	get 0.0000% / 8h	1h 27m	$142K	$10K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.009%: $2.08
Slippage, 4 orders: −$57.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.08
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from Bybit: live order book, 48 min ago; Gate: live order book, 48 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 Bybit live order book, 48 min ago	4.57 bp	21.2 bp −$21	51.1 bp −$511	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	7.84 bp	23.2 bp −$23	204.8 bp −$2,048	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	−0.0172%	4h	1.1467	−0.084%	$6.8M	$158K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0125%	1h	1.1464	−0.111%	$3K	—	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1477	long leg	$593K	$529K	100x
Gate EURUSD_USDTshort	0.0000%	8h	1.1478	+0.012%	$142K	$10K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.040%	$250K	$70K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1465	−0.101%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1472	−0.040%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1472	−0.040%	$13K	$248K	20x	as long as short
Lighter EURUSD	+0.0016%	1h	1.1477	+0.007%	$2.2M	$846K	50x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1465	−0.104%	$6.7M	$1.8M	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.054%	$9K	$78K	101x	as long as short
Nado EURUSD-PERP	+0.0036%	1h	1.1467	−0.085%	$466K	$286K	40x	as long as short
Vest EUR-USD-PERP	+0.0040%	1h	1.1496	+0.172%	—	$287K	100x	as long as short
Hibachi EUR/USDT-P	+0.0088%	1h	1.1466	−0.088%	$168K	$9.0M	30x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1465	−0.099%	$190K	$187K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	−0.008%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0136%	1h	1.1473	−0.031%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0167%	1h	1.1473	−0.031%	$23.2M	$2.4M	50x	as long as short