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: Gate against Orderly+0.026%7-day average −0.002% · you sell dearer than you buy

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

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.339%−$34 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.026%, 7d avg −0.002%

Together, before fees−0.339%−$34 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 0.028% dearer against Orderly than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EURUSD_USDC	1.1471	0	get 0.0000% / 8h	4h 42m	$198K	$111K	50x
Short	Gate EURUSD_USDT	1.1474	0	get 0.0000% / 8h	4h 42m	$144K	$5K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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 OrderlybpFee GatebpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.002%: $2.81
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$18.19
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 9 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 Gate live order book, 9 min ago	8.28 bp	21.4 bp −$21	190.0 bp −$1,900	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
MEXC EUR_USDT	−0.0164%	4h	1.1474	+0.026%	$6.8M	$133K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1468	−0.023%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0016%	1h	1.1470	−0.005%	$164K	$8.2M	30x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	+0.014%	$584K	$223K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1474	+0.026%	$144K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1473	+0.017%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDClong	0.0000%	8h	1.1471	long leg	$198K	$111K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1477	+0.052%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1485	+0.122%	$12K	$260K	20x	as long as short
Nado EURUSD-PERP	+0.0001%	1h	1.1474	+0.029%	$467K	$153K	40x	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	1.1471	0.000%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.040%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1503	+0.278%	—	$264K	100x	as long as short
Lighter EURUSD	+0.0064%	1h	1.1482	+0.098%	$2.1M	$435K	50x	as long as short
Hotstuff EURUSD-PERP	+0.0064%	1h	1.1477	+0.052%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1474	+0.026%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1478	+0.065%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0139%	1h	1.1477	+0.052%	$23.3M	$1.8M	50x	as long as short