Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.053%

Price spread now: MEXC against Gate0.000%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now 0.000%, 7d avg +0.034%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.034% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

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	4h 19m	$144K	$5K	100x
Short	MEXC EUR_USDT	1.1478	−0.0132	pay 0.0066% / 4h	19m 06s	$6.8M	$135K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$27.72
Price spread: 0.000% → +0.034%: −$3.38
Slippage, 4 orders: −$33.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$87.84
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from Gate: live order book, 31 min ago; MEXC: live order book, 4 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, 31 min ago	8.28 bp	26.1 bp −$26	185.8 bp −$1,858	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.44 bp	4.8 bp −$5	5.5 bp −$55	42.6 bp −$4,256	115.7 bp −$57.9K

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_USDTshort	−0.0132%	4h	1.1478	0.000%	$6.8M	$135K	100x
Hibachi EUR/USDT-P	−0.0080%	1h	1.1472	−0.053%	$169K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1472	−0.052%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0008%	1h	1.1478	0.000%	$467K	$153K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1481	+0.024%	$585K	$223K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1478	long leg	$144K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1477	−0.009%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1475	−0.026%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1480	+0.017%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1481	+0.026%	$13K	$263K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter EURUSD	+0.0016%	1h	1.1485	+0.058%	$2.1M	$435K	50x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1475	−0.026%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.101%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1507	+0.250%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0056%	1h	1.1480	+0.017%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	0.000%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	+0.029%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0121%	1h	1.1480	+0.017%	$23.3M	$1.8M	50x	as long as short