Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.005%

Price spread now: Bitget against Kraken Futures+0.336%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.336% dearer against Kraken Futures than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EURUSD	1.1432	−0.0131	get 0.0016% / 1h	25m 47s	$3K	—	50x
Short	Bitget EURUSDUSDT	1.1470	0.0073	get 0.0073% / 8h	7h 25m	$263K	$27K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.336%Rate

Funding earned: $42.86
Price spread: +0.336% → 0.000%: $33.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $54.47
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 64 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bitget live order book, 64 min ago	0.44 bp	6.4 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit

Kraken Futures: 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	−0.0136%	4h	1.1438	+0.056%	$6.8M	$141K	100x	as long as short
Kraken Futures PF_EURUSDlong	−0.0131%	1h	1.1432	long leg	$3K	—	50x
Lighter EURUSD	0.0000%	1h	1.1443	+0.098%	$2.1M	$552K	50x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1435	+0.030%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1441	+0.082%	—	$2.3M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1447	+0.135%	$13K	$273K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1434	+0.025%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.305%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1467	+0.310%	—	$224K	100x	as long as short
Bitget EURUSDUSDTshort	+0.0073%	8h	1.1470	+0.336%	$263K	$27K	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0095%	1h	1.1440	+0.070%	$465K	$159K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1434	+0.024%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1441	+0.079%	$12K	—	10x	as long as short
Gate EURUSD_USDT	+0.0200%	8h	1.1461	+0.257%	$144K	$3K	100x	as long as short
tradeXYZ xyz:EUR	+0.0233%	1h	1.1440	+0.074%	$23.1M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0264%	1h	1.1442	+0.091%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0448%	1h	1.1441	+0.081%	$168K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.1987%	8h	1.1472	+0.353%	$602K	$322K	100x	as long as short