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: Bybit against Gate−0.025%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1171.168% of the position

Long on Gate Short on Bybit

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)−0.016%−$2 · spread now −0.025%, 7d avg +0.007%

Together, before fees−0.227%−$23 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: Bybit is 0.032% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1476	0	get 0.0000% / 8h	6h 26m	$142K	$4K	100x
Short	Bybit EURUSDUSDT	1.1473	0	get 0.0000% / 8h	6h 26m	$582K	$280K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.007%: −$3.21
Slippage, 4 orders: −$90.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$119.97
Costs to cover: 1.168%
Break-even: never at this rate

Slippage from Gate: live order book, 35 min ago; Bybit: live order book, 34 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 Gate live order book, 35 min ago	6.10 bp	21.2 bp −$21	184.8 bp −$1,848	doesn't fit	doesn't fit
Sell Bybit live order book, 34 min ago	6.58 bp	14.5 bp −$14	47.1 bp −$471	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
Kraken Futures PF_EURUSD	−0.0211%	1h	1.1468	−0.071%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0198%	4h	1.1469	−0.061%	$6.8M	$140K	100x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1473	−0.025%	$582K	$280K	100x
Gate EURUSD_USDTlong	0.0000%	8h	1.1476	long leg	$142K	$4K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.035%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1466	−0.087%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	0.000%	—	$2.5M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1472	−0.035%	$13K	$257K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1466	−0.087%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−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
Nado EURUSD-PERP	+0.0043%	1h	1.1469	−0.057%	$466K	$156K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1498	+0.193%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1469	−0.061%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.005%	$12K	—	10x	as long as short
Lighter EURUSD	+0.0120%	1h	1.1480	+0.038%	$2.1M	$441K	50x	as long as short
Hibachi EUR/USDT-P	+0.0120%	1h	1.1470	−0.054%	$174K	$8.3M	30x	as long as short
Hotstuff EURUSD-PERP	+0.0232%	1h	1.1477	+0.009%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0245%	1h	1.1477	+0.009%	$23.3M	$1.8M	50x	as long as short