Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bitget against Pacifica0.000%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now 0.000%, 7d avg −0.067%

Together, before fees−0.276%+ Points / potential airdropPacifica: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.067% dearer against Pacifica than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.067%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica EURUSD	1.1480	0.0100	pay 0.0013% / 1h	9m 36s	$191K	$63K	50x
Short	Bitget EURUSDUSDT	1.1480	0	get 0.0000% / 8h	3h 09m	$253K	$21K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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 PacificabpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → −0.067%: $6.7
Slippage, 4 orders: −$22.76
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$57.06
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from Pacifica: live order book, 43 min ago; Bitget: live order book, 35 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 Pacifica live order book, 43 min ago	3.92 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 35 min ago	1.31 bp	8.1 bp −$8	9.0 bp −$90	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
Hibachi EUR/USDT-P	−0.0248%	1h	1.1474	−0.055%	$167K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.053%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0172%	4h	1.1480	0.000%	$6.8M	$134K	100x	as long as short
Lighter EURUSD	0.0000%	1h	1.1486	+0.055%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1482	+0.022%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1480	0.000%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1480	0.000%	$253K	$21K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1477	−0.026%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	+0.017%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1484	+0.035%	$13K	$263K	20x	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	+0.0007%	1h	1.1480	+0.001%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1477	−0.024%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.118%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1509	+0.251%	—	$265K	100x	as long as short
Pacifica EURUSDlong	+0.0100%	1h	1.1480	long leg	$191K	$63K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1483	+0.030%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0120%	1h	1.1482	+0.017%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0165%	1h	1.1481	+0.009%	$23.3M	$1.6M	50x	as long as short