Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Extended against Bitget−0.083%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.083%, 7d avg +0.039%

Together, before fees+0.166%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.122% cheaper against Bitget than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.039%). If the spread goes back, that is −$12 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1471	0	get 0.0000% / 8h	56m 07s	$263K	$25K	100x
Short	Extended EUR-USD	1.1462	0.0032	get 0.0004% / 1h	56m 07s	$6.8M	$1.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.083%Rate

Funding earned: $6.72
Price spread: −0.083% → +0.039%: −$12.22
Slippage, 4 orders: −$9.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.83
Costs to cover: 0.263%
Break-even: 40.2 days

Slippage from Bitget: live order book, 39 min ago; Extended: live order book, 3 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 Bitget live order book, 39 min ago	0.44 bp	6.4 bp −$6	6.4 bp −$64	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.92 bp	8.0 bp −$8	10.8 bp −$108	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	−0.0322%	4h	1.1465	−0.052%	$6.8M	$133K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1465	−0.054%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1482	+0.095%	$580K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1475	+0.035%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1471	long leg	$263K	$25K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1460	−0.096%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1472	+0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1473	+0.017%	$13K	$272K	20x	as long as short
Extended EUR-USDshort	+0.0032%	1h	1.1462	−0.083%	$6.8M	$1.2M	100x
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.040%	$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
Nado EURUSD-PERP	+0.0035%	1h	1.1466	−0.046%	$467K	$154K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1495	+0.205%	—	$241K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.035%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.046%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0192%	1h	1.1474	+0.026%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0256%	1h	1.1464	−0.061%	$163K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0258%	1h	1.1471	0.000%	$23.2M	$1.6M	50x	as long as short
Lighter EURUSD	+0.0360%	1h	1.1478	+0.064%	$2.2M	$383K	50x	as long as short