Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%

Price spread now: HTX against Gate−0.052%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1021.021% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.052%, 7d avg −0.003%

Together, before fees+0.109%+$11 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: HTX is 0.049% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1478	0	get 0.0000% / 8h	1h 49m	$142K	$10K	100x
Short	HTX EURUSD-USDT	1.1472	0	get 0.0000% / 1h	49m 33s	$12K	$245K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.003%: −$4.93
Slippage, 4 orders: −$75.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$107.07
Costs to cover: 1.021%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; HTX: live order book, 32 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, 26 min ago	7.84 bp	23.0 bp −$23	169.4 bp −$1,694	doesn't fit	doesn't fit
Sell HTX live order book, 32 min ago	6.97 bp	30.1 bp −$30	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	−0.0204%	4h	1.1466	−0.105%	$6.8M	$154K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0125%	1h	1.1463	−0.132%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1484	+0.051%	$593K	$529K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1478	long leg	$142K	$10K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.052%	$250K	$70K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1463	−0.131%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	−0.061%	—	$2.6M	10x	as long as short
HTX EURUSD-USDTshort	0.0000%	1h	1.1472	−0.052%	$12K	$245K	20x
Hibachi EUR/USDT-P	+0.0024%	1h	1.1466	−0.104%	$164K	$9.3M	30x	as long as short
Vest EUR-USD-PERP	+0.0028%	1h	1.1494	+0.136%	—	$264K	100x	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	1.1463	−0.129%	$6.7M	$1.9M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.066%	$9K	$78K	101x	as long as short
Lighter EURUSD	+0.0056%	1h	1.1477	−0.008%	$2.2M	$846K	50x	as long as short
Nado EURUSD-PERP	+0.0070%	1h	1.1465	−0.114%	$466K	$315K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1466	−0.105%	$190K	$187K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	−0.016%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0175%	1h	1.1470	−0.070%	$23.2M	$2.5M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0216%	1h	1.1472	−0.052%	$33K	—	50x	as long as short