Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h −0.007%

Price spread now: Kraken Futures against Gate−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.076% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1473	0	get 0.0000% / 8h	5h 51m	$144K	$3K	100x
Short	Kraken Futures PF_EURUSD	1.1464	−0.0111	pay 0.0014% / 1h	51m 20s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$23.22
Price spread: −0.076% → 0.000%: −$7.61
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$55.84
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 55 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 55 min ago	3.49 bp	22.0 bp −$22	167.3 bp −$1,673	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EUR on 18 exchanges

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
Hotstuff EURUSD-PERP	−0.0800%	1h	1.1471	−0.017%	$33K	—	50x	as long as short
MEXC EUR_USDT	−0.0200%	4h	1.1471	−0.017%	$6.8M	$141K	100x	as long as short
Kraken Futures PF_EURUSDshort	−0.0111%	1h	1.1464	−0.076%	$3K	—	50x
Nado EURUSD-PERP	−0.0041%	1h	1.1473	+0.002%	$191K	$298K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1477	+0.032%	$2.1M	$507K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1486	+0.112%	$625K	$350K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1473	long leg	$144K	$3K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.017%	$263K	$27K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1468	−0.044%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1473	0.000%	—	$1.7M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EURUSD-USDT	0.0000%	1h	1.1477	+0.035%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1469	−0.037%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.058%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1501	+0.244%	—	$202K	100x	as long as short
tradeXYZ xyz:EUR	+0.0059%	1h	1.1473	0.000%	$23.2M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1469	−0.032%	$196K	$64K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1473	−0.001%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0328%	1h	1.1472	−0.010%	$157K	$8.1M	30x	as long as short