Funding arb · Price arb /

EUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: Gate against Injective+0.066%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.066% dearer against Injective than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective EURUSD/USDC PERP	1.1470	0.0033	pay 0.0004% / 1h	29m 00s	$9K	$78K	101x
Short	Gate EURUSD_USDT	1.1478	0	get 0.0000% / 8h	1h 29m	$142K	$10K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: −$7
Price spread: +0.066% → 0.000%: $6.63
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.39
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: live order book, 47 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 47 min ago	7.84 bp	23.2 bp −$23	204.8 bp −$2,048	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0180%	4h	1.1467	−0.030%	$6.8M	$157K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0125%	1h	1.1464	−0.057%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1477	+0.054%	$593K	$529K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1478	+0.066%	$142K	$10K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.005%	$250K	$70K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1465	−0.047%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1472	+0.014%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1469	−0.012%	$13K	$248K	20x	as long as short
Lighter EURUSD	+0.0016%	1h	1.1477	+0.061%	$2.2M	$846K	50x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1465	−0.050%	$6.7M	$1.8M	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective EURUSD/USDC PERPlong	+0.0033%	1h	1.1470	long leg	$9K	$78K	101x
Nado EURUSD-PERP	+0.0037%	1h	1.1467	−0.031%	$466K	$286K	40x	as long as short
Vest EUR-USD-PERP	+0.0039%	1h	1.1496	+0.226%	—	$287K	100x	as long as short
Hibachi EUR/USDT-P	+0.0088%	1h	1.1467	−0.034%	$171K	$9.2M	30x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1465	−0.043%	$190K	$187K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.047%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0136%	1h	1.1473	+0.023%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0167%	1h	1.1473	+0.023%	$23.2M	$2.4M	50x	as long as short