Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.001%

Price spread now: Gate against Nado+0.013%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.013%, 7d avg +0.079%

Together, before fees−0.051%+ Points / potential airdropNado: Active · farm board−$5 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: Gate is 0.066% cheaper against Nado than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado EURUSD-PERP	1.1473	0.0003	pay 0.0000% / 1h	10m 18s	$467K	$153K	40x
Short	Gate EURUSD_USDT	1.1474	0	get 0.0000% / 8h	5h 10m	$144K	$5K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Nado. 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 NadobpFee GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$0.67
Price spread: +0.013% → +0.079%: −$6.64
Slippage, 4 orders: −$28.72
Fee Nado: 0.7 bp × 2 orders: −$1.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.43
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Nado: live order book, 53 min ago; Gate: live order book, 45 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 Nado live order book, 53 min ago	1.88 bp	2.6 bp −$3	3.2 bp −$32	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	6.53 bp	20.3 bp −$20	189.0 bp −$1,890	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	−0.0198%	4h	1.1472	−0.005%	$6.8M	$138K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	+0.001%	$584K	$235K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1474	+0.013%	$144K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.005%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1469	−0.031%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1477	+0.039%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1476	+0.030%	$12K	$260K	20x	as long as short
Nado EURUSD-PERPlong	+0.0003%	1h	1.1473	long leg	$467K	$153K	40x
Extended EUR-USD	+0.0032%	1h	1.1469	−0.027%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.053%	$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	+0.251%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1472	−0.005%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.042%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0112%	1h	1.1470	−0.025%	$158K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1468	−0.037%	$3K	—	50x	as long as short
Hotstuff EURUSD-PERP	+0.0152%	1h	1.1477	+0.039%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0160%	1h	1.1482	+0.080%	$2.1M	$444K	50x	as long as short
tradeXYZ xyz:EUR	+0.0192%	1h	1.1476	+0.030%	$23.3M	$1.8M	50x	as long as short