Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.052%

Price spread now: Gate against tradeXYZ+0.113%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$770.771% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.113%, 7d avg −0.042%

Together, before fees−0.206%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.155% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of −0.042%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:EUR	1.1477	0.0114	pay 0.0014% / 1h	23m 53s	$23.3M	$1.6M	50x
Short	Gate EURUSD_USDT	1.1490	0	get 0.0000% / 8h	2h 23m	$144K	$5K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now +0.113%Rate

Funding earned: −$23.9
Price spread: +0.113% → −0.042%: $15.54
Slippage, 4 orders: −$44.07
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.43
Costs to cover: 0.771%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Gate: live order book, 17 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 tradeXYZ live order book, 5 min ago	0.87 bp	12.7 bp −$13	19.0 bp −$190	doesn't fit	doesn't fit
Sell Gate live order book, 17 min ago	9.14 bp	33.0 bp −$33	210.4 bp −$2,104	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	−0.0188%	4h	1.1478	+0.009%	$6.8M	$134K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0132%	1h	1.1470	−0.058%	$3K	—	50x	as long as short
Hibachi EUR/USDT-P	−0.0120%	1h	1.1476	−0.011%	$187K	$8.3M	30x	as long as short
Lighter EURUSD	0.0000%	1h	1.1485	+0.067%	$2.2M	$431K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1492	+0.133%	$580K	$311K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1490	+0.113%	$144K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1482	+0.044%	$261K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1474	−0.026%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1478	+0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1484	+0.061%	$12K	$263K	20x	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	1.1473	−0.032%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.092%	$9K	$78K	101x	as long as short
Nado EURUSD-PERP	+0.0037%	1h	1.1477	−0.001%	$467K	$153K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1505	+0.248%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1480	+0.026%	$191K	$63K	50x	as long as short
Hotstuff EURUSD-PERP	+0.0104%	1h	1.1479	+0.017%	$33K	—	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1483	+0.055%	$12K	—	10x	as long as short
tradeXYZ xyz:EURlong	+0.0114%	1h	1.1477	long leg	$23.3M	$1.6M	50x