Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.052%

Price spread now: tradeXYZ against Gate+0.017%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.017%, 7d avg +0.042%

Together, before fees+0.075%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.025% cheaper against Gate than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.042%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1481	0	get 0.0000% / 8h	2h 44m	$144K	$5K	100x
Short	tradeXYZ xyz:EUR	1.1483	0.0103	get 0.0013% / 1h	44m 56s	$23.3M	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.017%Rate

Funding earned: $21.67
Price spread: +0.017% → +0.042%: −$2.47
Slippage, 4 orders: −$32.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$46.5
Costs to cover: 0.657%
Break-even: 22.0 days

Slippage from Gate: live order book, 61 min ago; tradeXYZ: 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, 61 min ago	9.14 bp	21.9 bp −$22	172.4 bp −$1,724	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	1.31 bp	11.2 bp −$11	12.8 bp −$128	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	−0.0336%	4h	1.1480	−0.009%	$6.8M	$133K	100x	as long as short
Hibachi EUR/USDT-P	−0.0224%	1h	1.1476	−0.044%	$163K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0132%	1h	1.1475	−0.053%	$3K	—	50x	as long as short
Lighter EURUSD	0.0000%	1h	1.1487	+0.054%	$2.1M	$412K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1482	+0.009%	$585K	$223K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1481	long leg	$144K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1479	−0.017%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1477	−0.035%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1483	+0.017%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1482	+0.009%	$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
Nado EURUSD-PERP	+0.0011%	1h	1.1480	−0.009%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1477	−0.035%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.127%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1509	+0.243%	—	$265K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0088%	1h	1.1483	+0.017%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1477	−0.031%	$191K	$63K	50x	as long as short
tradeXYZ xyz:EURshort	+0.0103%	1h	1.1483	+0.017%	$23.3M	$1.6M	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1484	+0.029%	$12K	—	10x	as long as short