Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against HTX−0.044%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1471.474% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.044%, 7d avg −0.067%

Together, before fees−0.038%−$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: Bitget is 0.023% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1481	0	get 0.0000% / 1h	13m 32s	$13K	$263K	20x
Short	Bitget EURUSDUSDT	1.1476	0	get 0.0000% / 8h	4h 13m	$253K	$21K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.067%: $2.34
Slippage, 4 orders: −$123.44
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$145.1
Costs to cover: 1.474%
Break-even: never at this rate

Slippage from HTX: live order book, 43 min ago; Bitget: live order book, 36 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 HTX live order book, 43 min ago	28.33 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 36 min ago	1.31 bp	7.3 bp −$7	8.7 bp −$87	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	−0.0152%	4h	1.1477	−0.035%	$6.8M	$135K	100x	as long as short
Hibachi EUR/USDT-P	−0.0096%	1h	1.1472	−0.080%	$167K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0062%	1h	1.1472	−0.077%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0009%	1h	1.1477	−0.032%	$467K	$153K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1480	−0.007%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	−0.026%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1476	−0.044%	$253K	$21K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1474	−0.061%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1480	−0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTlong	0.0000%	1h	1.1481	long leg	$13K	$263K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter EURUSD	+0.0008%	1h	1.1484	+0.025%	$2.1M	$435K	50x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1474	−0.062%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.127%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1506	+0.220%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0056%	1h	1.1480	−0.009%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	−0.026%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	+0.001%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0122%	1h	1.1481	0.000%	$23.3M	$1.8M	50x	as long as short