Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Gate−0.052%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$2362.365% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.052%, 7d avg +0.038%

Together, before fees+0.075%+$7 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: SunX is 0.090% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1477	0	get 0.0000% / 8h	1h 02m	$144K	$6K	100x
Short	SunX EURUSD-USDT	1.1471	0	get 0.0000% / 1h	2m 32s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → +0.038%: −$8.98
Slippage, 4 orders: −$213.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$245.43
Costs to cover: 2.365%
Break-even: never at this rate

Slippage from Gate: live order book, 33 min ago; SunX: 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, 33 min ago	7.84 bp	21.3 bp −$21	165.9 bp −$1,659	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	80.63 bp	99.5 bp −$99	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	−0.0266%	4h	1.1467	−0.087%	$6.8M	$136K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0228%	1h	1.1463	−0.122%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1484	+0.064%	$580K	$312K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1477	long leg	$144K	$6K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1476	−0.009%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1460	−0.148%	$198K	$73K	50x	as long as short
SunX EURUSD-USDTshort	0.0000%	1h	1.1471	−0.052%	—	$2.4M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1468	−0.078%	$13K	$271K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1463	−0.118%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.092%	$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	1.1495	+0.158%	—	$241K	100x	as long as short
Nado EURUSD-PERP	+0.0067%	1h	1.1466	−0.099%	$467K	$154K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.087%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	−0.013%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0254%	1h	1.1472	−0.044%	$23.2M	$1.6M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0272%	1h	1.1472	−0.044%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0288%	1h	1.1464	−0.117%	$166K	$8.3M	30x	as long as short
Lighter EURUSD	+0.0376%	1h	1.1479	+0.019%	$2.2M	$408K	50x	as long as short