Funding arb · Price arb /

EUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against SunX−0.009%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$2122.116% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now −0.009%, 7d avg −0.114%

Together, before fees−0.037%−$4 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 0.105% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EURUSD-USDT	1.1472	0	get 0.0000% / 1h	58m 36s	—	$2.6M	10x
Short	Bitget EURUSDUSDT	1.1471	0	get 0.0000% / 8h	7h 58m	$251K	$20K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.114%: $10.52
Slippage, 4 orders: −$191.62
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$201.09
Costs to cover: 2.116%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Bitget: live order book, 6 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 SunX live order book, 8 min ago	81.07 bp	98.9 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	0.44 bp	6.4 bp −$6	9.4 bp −$94	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	−0.0194%	4h	1.1466	−0.052%	$6.8M	$150K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0052%	1h	1.1464	−0.068%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1472	−0.003%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1479	+0.061%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1471	−0.009%	$251K	$20K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.070%	$198K	$111K	50x	as long as short
SunX EURUSD-USDTlong	0.0000%	1h	1.1472	long leg	—	$2.6M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1474	+0.017%	$12K	$259K	20x	as long as short
Nado EURUSD-PERP	+0.0015%	1h	1.1466	−0.053%	$466K	$265K	40x	as long as short
Lighter EURUSD	+0.0016%	1h	1.1473	+0.008%	$2.1M	$400K	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	−0.068%	$6.7M	$1.7M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.014%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.206%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0072%	1h	1.1472	0.000%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1465	−0.065%	$190K	$128K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1471	−0.004%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0189%	1h	1.1472	0.000%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0232%	1h	1.1466	−0.049%	$167K	$8.3M	30x	as long as short