Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.033%

Price spread now: Hotstuff against Bitget−0.078%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.078% cheaper against Bitget than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 31 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1472	0	get 0.0000% / 8h	25m 56s	$263K	$26K	100x
Short	Hotstuff EURUSD-PERP	1.1463	0.0200	get 0.0025% / 1h	25m 56s	$33K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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 BitgetbpFee HotstuffbpOrdersPrice spread, now −0.078%Rate

Funding earned: $42
Price spread: −0.078% → 0.000%: −$7.85
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $17.15
Costs to cover: 0.170%
Break-even: 4.1 days

Slippage unknown: Bitget: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.

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, 4 min ago	0.44 bp	6.7 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0314%	4h	1.1459	−0.113%	$6.8M	$136K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1454	−0.161%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	+0.010%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1471	−0.009%	$143K	$5K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1472	long leg	$263K	$26K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1452	−0.174%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1463	−0.078%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1464	−0.070%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1453	−0.169%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.049%	$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	1.1486	+0.120%	—	$241K	100x	as long as short
Nado EURUSD-PERP	+0.0047%	1h	1.1457	−0.132%	$467K	$159K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1456	−0.139%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1464	−0.069%	$12K	—	10x	as long as short
Lighter EURUSD	+0.0160%	1h	1.1464	−0.068%	$2.1M	$448K	50x	as long as short
Hotstuff EURUSD-PERPshort	+0.0200%	1h	1.1463	−0.078%	$33K	—	50x
Hibachi EUR/USDT-P	+0.0200%	1h	1.1462	−0.088%	$176K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0216%	1h	1.1462	−0.087%	$23.2M	$1.7M	50x	as long as short