Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.045%

Price spread now: Gate against MEXC+0.096%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.332%+$33 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.096%, 7d avg −0.038%

Together, before fees+0.277%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.134% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread 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	MEXC EUR_USDT	1.1466	−0.0126	get 0.0063% / 4h	22m 08s	$6.8M	$153K	100x
Short	Gate EURUSD_USDT	1.1477	0	get 0.0000% / 8h	22m 08s	$142K	$4K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now +0.096%Rate

Funding earned: $26.46
Price spread: +0.096% → −0.038%: $13.42
Slippage, 4 orders: −$27.59
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.71
Costs to cover: 0.506%
Break-even: 9.8 days

Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 48 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 MEXC live order book, 1 min ago	0.44 bp	4.4 bp −$4	4.8 bp −$48	41.7 bp −$4,173	120.3 bp −$60.2K
Sell Gate live order book, 48 min ago	6.10 bp	21.8 bp −$22	183.6 bp −$1,836	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_USDTlong	−0.0126%	4h	1.1466	long leg	$6.8M	$153K	100x
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.023%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1472	+0.054%	$584K	$279K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1477	+0.096%	$142K	$4K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.052%	$250K	$26K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1463	−0.026%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	+0.044%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1473	+0.061%	$13K	$257K	20x	as long as short
Nado EURUSD-PERP	+0.0008%	1h	1.1465	−0.005%	$466K	$265K	40x	as long as short
Lighter EURUSD	+0.0016%	1h	1.1476	+0.083%	$2.1M	$534K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1464	−0.020%	$6.7M	$1.8M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.038%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1495	+0.255%	—	$287K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	−0.016%	$190K	$147K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	+0.077%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0112%	1h	1.1473	+0.061%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0186%	1h	1.1472	+0.052%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0192%	1h	1.1467	+0.007%	$170K	$8.4M	30x	as long as short