Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.053%

Price spread now: tradeXYZ against Gate−0.052%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.052%, 7d avg +0.041%

Together, before fees+0.176%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.093% cheaper against Gate than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.041%). If the spread goes back, that is −$9 on $10k: about 35 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.151% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1475	0	get 0.0000% / 8h	31m 07s	$144K	$5K	100x
Short	tradeXYZ xyz:EUR	1.1469	0.0211	get 0.0026% / 1h	31m 07s	$23.2M	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.052%Rate

Funding earned: $44.27
Price spread: −0.052% → +0.041%: −$9.34
Slippage, 4 orders: −$28.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.89
Costs to cover: 0.618%
Break-even: 11.3 days

Slippage from Gate: live order book, 64 min ago; tradeXYZ: live order book, 8 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, 64 min ago	7.84 bp	21.3 bp −$21	165.9 bp −$1,659	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	1.31 bp	12.4 bp −$12	14.9 bp −$149	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	−0.0400%	4h	1.1465	−0.087%	$6.8M	$134K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1461	−0.123%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1482	+0.058%	$580K	$311K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1475	long leg	$144K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.026%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1462	−0.113%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1469	−0.052%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1469	−0.052%	$13K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1462	−0.116%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.075%	$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
Nado EURUSD-PERP	+0.0044%	1h	1.1465	−0.090%	$467K	$159K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1494	+0.162%	—	$241K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1468	−0.061%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1472	−0.027%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0176%	1h	1.1471	−0.035%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0184%	1h	1.1475	−0.001%	$2.1M	$432K	50x	as long as short
Hibachi EUR/USDT-P	+0.0192%	1h	1.1463	−0.104%	$163K	$8.3M	30x	as long as short
tradeXYZ xyz:EURshort	+0.0211%	1h	1.1469	−0.052%	$23.2M	$1.6M	50x