Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Nado against Gate−0.014%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.014%, 7d avg −0.079%

Together, before fees+0.052%+ Points / potential airdropNado: Active · farm board+$5 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: Nado is 0.065% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1474	0	get 0.0000% / 8h	5h 08m	$144K	$5K	100x
Short	Nado EURUSD-PERP	1.1472	0.0004	get 0.0000% / 1h	8m 59s	$467K	$153K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.014%Rate

Funding earned: $0.76
Price spread: −0.014% → −0.079%: $6.52
Slippage, 4 orders: −$28.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 0.7 bp × 2 orders: −$1.4
Net: −$37.84
Costs to cover: 0.451%
Break-even: 354.1 days

Slippage from Gate: live order book, 46 min ago; Nado: live order book, 54 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, 46 min ago	6.53 bp	19.5 bp −$20	176.4 bp −$1,764	doesn't fit	doesn't fit
Sell Nado live order book, 54 min ago	1.88 bp	2.7 bp −$3	3.5 bp −$35	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	−0.0194%	4h	1.1473	−0.009%	$6.8M	$138K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.012%	$584K	$223K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1474	long leg	$144K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.017%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.044%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1477	+0.026%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1477	+0.026%	$13K	$260K	20x	as long as short
Nado EURUSD-PERPshort	+0.0004%	1h	1.1472	−0.014%	$467K	$153K	40x
Extended EUR-USD	+0.0032%	1h	1.1470	−0.039%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.066%	$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
Vest EUR-USD-PERP	+0.0046%	1h	1.1501	+0.238%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1472	−0.017%	$190K	$61K	50x	as long as short
Hibachi EUR/USDT-P	+0.0104%	1h	1.1470	−0.039%	$158K	$8.2M	30x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.028%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1468	−0.048%	$3K	—	50x	as long as short
Hotstuff EURUSD-PERP	+0.0152%	1h	1.1476	+0.017%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0160%	1h	1.1482	+0.065%	$2.1M	$444K	50x	as long as short
tradeXYZ xyz:EUR	+0.0192%	1h	1.1477	+0.026%	$23.3M	$1.8M	50x	as long as short