Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Lighter against Gate−0.006%7-day average +0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.006%, 7d avg +0.085%

Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · farm board+$4 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: Lighter is 0.091% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1473	0	get 0.0000% / 8h	5h 44m	$144K	$3K	100x
Short	Lighter EURUSD	1.1472	0	get 0.0000% / 1h	44m 59s	$2.1M	$507K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.085%: −$9.1
Slippage, 4 orders: −$31.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$55.97
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from Gate: live order book, 61 min ago; Lighter: live order book, 5 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 Gate live order book, 61 min ago	3.49 bp	22.0 bp −$22	167.3 bp −$1,673	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.83 bp	3.2 bp −$3	8.2 bp −$82	38.9 bp −$3,895	doesn't fit

EUR on 18 exchanges

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
Hotstuff EURUSD-PERP	−0.0800%	1h	1.1469	−0.035%	$33K	—	50x	as long as short
MEXC EUR_USDT	−0.0156%	4h	1.1467	−0.052%	$6.8M	$142K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0111%	1h	1.1461	−0.105%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0025%	1h	1.1466	−0.059%	$191K	$295K	40x	as long as short
Lighter EURUSDshort	0.0000%	1h	1.1472	−0.006%	$2.1M	$507K	50x
Bybit EURUSDUSDT	0.0000%	8h	1.1484	+0.100%	$625K	$351K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1473	long leg	$144K	$3K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.009%	$263K	$27K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.078%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1469	−0.035%	—	$1.7M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EURUSD-USDT	0.0000%	1h	1.1470	−0.026%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1464	−0.080%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.058%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.198%	—	$190K	100x	as long as short
tradeXYZ xyz:EUR	+0.0064%	1h	1.1470	−0.026%	$23.2M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1463	−0.083%	$196K	$64K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1469	−0.035%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0320%	1h	1.1469	−0.036%	$157K	$8.1M	30x	as long as short