Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Orderly+0.044%7-day average −0.076% · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.044%, 7d avg −0.076%

Together, before fees−0.423%−$42 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 0.120% dearer against Orderly than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EURUSD_USDC	1.1466	0	get 0.0000% / 8h	6h 18m	$198K	$111K	50x
Short	Bitget EURUSDUSDT	1.1471	0	get 0.0000% / 8h	6h 18m	$253K	$21K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.076%: $12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 41 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 41 min ago	1.74 bp	7.7 bp −$8	8.7 bp −$87	doesn't fit	doesn't fit

Orderly: 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
Kraken Futures PF_EURUSD	−0.0211%	1h	1.1468	+0.016%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0164%	4h	1.1469	+0.026%	$6.8M	$141K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	+0.062%	$582K	$280K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.087%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1471	+0.044%	$253K	$21K	100x
Orderly PERP_EURUSD_USDClong	0.0000%	8h	1.1466	long leg	$198K	$111K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1476	+0.087%	—	$2.5M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1474	+0.070%	$12K	$257K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1466	−0.001%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.038%	$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
Nado EURUSD-PERP	+0.0045%	1h	1.1469	+0.024%	$466K	$155K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1498	+0.277%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1469	+0.026%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.089%	$12K	—	10x	as long as short
Lighter EURUSD	+0.0136%	1h	1.1480	+0.122%	$2.1M	$441K	50x	as long as short
Hibachi EUR/USDT-P	+0.0144%	1h	1.1469	+0.031%	$170K	$8.3M	30x	as long as short
Hotstuff EURUSD-PERP	+0.0240%	1h	1.1477	+0.096%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0248%	1h	1.1477	+0.096%	$23.3M	$1.8M	50x	as long as short