Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.022%

Price spread now: Gate against Extended+0.108%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.108%, 7d avg +0.026%

Together, before fees−0.110%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.082% dearer against Extended than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.026%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EUR-USD	1.1465	0.0032	pay 0.0004% / 1h	47m 24s	$6.7M	$1.8M	100x
Short	Gate EURUSD_USDT	1.1477	0	get 0.0000% / 8h	47m 24s	$142K	$4K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.108%Rate

Funding earned: −$6.72
Price spread: +0.108% → +0.026%: $8.23
Slippage, 4 orders: −$32.59
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.08
Costs to cover: 0.526%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Gate: live order book, 23 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 Extended live order book, 2 min ago	0.31 bp	6.4 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	6.10 bp	21.8 bp −$22	183.6 bp −$1,836	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	−0.0156%	4h	1.1466	+0.012%	$6.8M	$151K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.012%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0010%	1h	1.1467	+0.020%	$466K	$278K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1476	+0.095%	$2.1M	$534K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1475	+0.092%	$584K	$505K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1477	+0.108%	$142K	$4K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.056%	$250K	$35K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.005%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	+0.056%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1474	+0.082%	$13K	$254K	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-USDlong	+0.0032%	1h	1.1465	long leg	$6.7M	$1.8M	100x
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.051%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.277%	—	$287K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0056%	1h	1.1473	+0.073%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	+0.021%	$190K	$188K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	+0.088%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0160%	1h	1.1466	+0.017%	$167K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0161%	1h	1.1472	+0.065%	$23.2M	$2.4M	50x	as long as short