Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against SunX+0.087%53s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2422.415% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.087%, 7d avg −0.036%

Together, before fees−0.113%−$11 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 0.123% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EURUSD-USDT	1.1452	0	get 0.0000% / 1h	50m 20s	—	$2.4M	10x
Short	Gate EURUSD_USDT	1.1462	0	get 0.0000% / 8h	7h 50m	$143K	$3K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.036%: $12.33
Slippage, 4 orders: −$218.53
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$229.2
Costs to cover: 2.415%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Gate: live order book, 40 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, 6 min ago	81.18 bp	98.8 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 40 min ago	8.28 bp	18.8 bp −$19	184.6 bp −$1,846	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
Kraken Futures PF_EURUSD	−0.0131%	1h	1.1445	−0.062%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0114%	4h	1.1449	−0.026%	$6.8M	$136K	100x	as long as short
Lighter EURUSD	0.0000%	1h	1.1453	+0.005%	$2.1M	$537K	50x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1462	+0.087%	$143K	$3K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.166%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1442	−0.087%	$246K	$122K	50x	as long as short
SunX EURUSD-USDTlong	0.0000%	1h	1.1452	long leg	—	$2.4M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1455	+0.026%	$13K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1443	−0.081%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.126%	$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	1.1474	+0.193%	—	$224K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1444	−0.070%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1449	−0.023%	$12K	—	10x	as long as short
Nado EURUSD-PERP	+0.0124%	1h	1.1446	−0.055%	$465K	$158K	40x	as long as short
tradeXYZ xyz:EUR	+0.0308%	1h	1.1451	−0.009%	$23.2M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0336%	1h	1.1455	+0.026%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0352%	1h	1.1450	−0.019%	$168K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.1726%	8h	1.1474	+0.189%	$579K	$309K	100x	as long as short