Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against Bybit−0.187%7-day average −0.012% · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.550%+$55 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.187%, 7d avg −0.012%

Together, before fees+0.726%+$73 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: Orderly is 0.175% cheaper against Bybit than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1475	0	get 0.0000% / 8h	6m 56s	$579K	$311K	100x
Short	Orderly PERP_EURUSD_USDC	1.1453	0	get 0.0000% / 8h	6m 56s	$246K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now −0.187%Rate

Funding earned: $0
Price spread: −0.187% → −0.012%: −$17.49
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.49
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 23 min ago; Orderly: 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 Bybit live order book, 23 min ago	6.14 bp	12.2 bp −$12	44.3 bp −$443	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0186%	4h	1.1458	−0.144%	$6.8M	$139K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1455	−0.174%	$3K	—	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1475	long leg	$579K	$311K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1465	−0.083%	$143K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.031%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1453	−0.187%	$246K	$122K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1463	−0.100%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1464	−0.092%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1453	−0.185%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.071%	$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	1.1485	+0.093%	—	$224K	100x	as long as short
Nado EURUSD-PERP	+0.0049%	1h	1.1456	−0.164%	$466K	$158K	40x	as long as short
Lighter EURUSD	+0.0080%	1h	1.1459	−0.132%	$2.1M	$491K	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1456	−0.161%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1458	−0.140%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0225%	1h	1.1463	−0.100%	$23.2M	$1.7M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0232%	1h	1.1463	−0.100%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0232%	1h	1.1457	−0.149%	$165K	$8.4M	30x	as long as short