Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.002%

Price spread now: Nado against Gate−0.128%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.128%, 7d avg −0.080%

Together, before fees+0.149%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.048% cheaper against Gate than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.080%). If the spread goes back, that is −$5 on $10k: about 17 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1481	0	get 0.0000% / 8h	12m 36s	$142K	$4K	100x
Short	Nado EURUSD-PERP	1.1466	0.0009	get 0.0001% / 1h	12m 36s	$466K	$265K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.128%Rate

Funding earned: $1.92
Price spread: −0.128% → −0.080%: −$4.79
Slippage, 4 orders: −$30.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 0.7 bp × 2 orders: −$1.4
Net: −$49.28
Costs to cover: 0.464%
Break-even: 186.3 days

Slippage from Gate: live order book, 58 min ago; Nado: live order book, 65 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, 58 min ago	6.10 bp	19.4 bp −$19	178.3 bp −$1,783	doesn't fit	doesn't fit
Sell Nado live order book, 65 min ago	1.57 bp	2.7 bp −$3	3.4 bp −$34	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	−0.0140%	4h	1.1466	−0.131%	$6.8M	$153K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.153%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1472	−0.082%	$584K	$279K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1481	long leg	$142K	$4K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.087%	$250K	$26K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.148%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	−0.087%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1474	−0.061%	$12K	$258K	20x	as long as short
Nado EURUSD-PERPshort	+0.0009%	1h	1.1466	−0.128%	$466K	$265K	40x
Lighter EURUSD	+0.0024%	1h	1.1476	−0.046%	$2.1M	$534K	50x	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	1.1464	−0.147%	$6.7M	$1.7M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.092%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.129%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	−0.144%	$190K	$146K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	−0.056%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0112%	1h	1.1473	−0.070%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0187%	1h	1.1471	−0.087%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0208%	1h	1.1467	−0.123%	$167K	$8.4M	30x	as long as short