Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against HTX−0.026%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.026%, 7d avg −0.068%

Together, before fees−0.068%−$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: Bitget is 0.042% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1475	0	get 0.0000% / 1h	34m 57s	$12K	$257K	20x
Short	Bitget EURUSDUSDT	1.1472	0	get 0.0000% / 8h	5h 34m	$253K	$20K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.068%: $4.15
Slippage, 4 orders: −$50.74
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.59
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from HTX: live order book, 27 min ago; Bitget: live order book, 20 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 HTX live order book, 27 min ago	5.23 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 20 min ago	1.74 bp	7.7 bp −$8	10.2 bp −$102	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	−0.0130%	4h	1.1472	−0.026%	$6.8M	$137K	100x	as long as short
Nado EURUSD-PERP	−0.0002%	1h	1.1472	−0.028%	$467K	$154K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	−0.021%	$584K	$281K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1472	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1472	−0.026%	$253K	$20K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.052%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	+0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1475	long leg	$12K	$257K	20x
Extended EUR-USD	+0.0032%	1h	1.1469	−0.049%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.075%	$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	+0.222%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1470	−0.044%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.013%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1468	−0.062%	$3K	—	50x	as long as short
Hotstuff EURUSD-PERP	+0.0240%	1h	1.1479	+0.035%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0245%	1h	1.1477	+0.017%	$23.3M	$1.8M	50x	as long as short
Lighter EURUSD	+0.0248%	1h	1.1481	+0.051%	$2.1M	$444K	50x	as long as short
Hibachi EUR/USDT-P	+0.0272%	1h	1.1468	−0.064%	$169K	$8.2M	30x	as long as short