Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.066%

Price spread now: Pacifica against Gate−0.076%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.076%, 7d avg −0.001%

Together, before fees+0.282%+ Points / potential airdropPacifica: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.075% cheaper against Gate than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.001%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1477	0	get 0.0000% / 8h	7h 48m	$142K	$4K	100x
Short	Pacifica EURUSD	1.1468	0.0100	get 0.0013% / 1h	48m 22s	$190K	$127K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.076%Rate

Funding earned: $21
Price spread: −0.076% → −0.001%: −$7.46
Slippage, 4 orders: −$50.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$59.85
Costs to cover: 0.734%
Break-even: 27.0 days

Slippage from Gate: live order book, 17 min ago; Pacifica: live order book, 25 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, 17 min ago	0.87 bp	21.7 bp −$22	181.4 bp −$1,814	doesn't fit	doesn't fit
Sell Pacifica live order book, 25 min ago	3.49 bp	13.9 bp −$14	doesn't fit	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	−0.0126%	4h	1.1470	−0.061%	$6.8M	$150K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0052%	1h	1.1464	−0.110%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0018%	1h	1.1470	−0.059%	$466K	$177K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1474	−0.024%	$2.1M	$413K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1469	−0.065%	$584K	$279K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1477	long leg	$142K	$4K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.044%	$251K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1468	−0.078%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1473	−0.035%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1473	−0.035%	$13K	$258K	20x	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	1.1468	−0.081%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.058%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1499	+0.195%	—	$264K	100x	as long as short
Pacifica EURUSDshort	+0.0100%	1h	1.1468	−0.076%	$190K	$127K	50x
Hotstuff EURUSD-PERP	+0.0104%	1h	1.1475	−0.017%	$33K	—	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1472	−0.040%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0126%	1h	1.1473	−0.035%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0216%	1h	1.1468	−0.078%	$160K	$8.3M	30x	as long as short