Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h +0.041%

Price spread now: Gate against Kraken Futures+0.073%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.073% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EURUSD	1.1468	0.0119	pay 0.0015% / 1h	49m 05s	$3K	—	50x
Short	Gate EURUSD_USDT	1.1476	0	get 0.0000% / 8h	5h 49m	$142K	$4K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now +0.073%Rate

Funding earned: −$24.9
Price spread: +0.073% → 0.000%: $7.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.57
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 6 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Gate live order book, 6 min ago	6.53 bp	20.3 bp −$20	189.0 bp −$1,890	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0136%	4h	1.1469	+0.012%	$6.8M	$136K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	+0.047%	$582K	$280K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1476	+0.073%	$142K	$4K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.038%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1465	−0.023%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1476	+0.073%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1474	+0.056%	$12K	$256K	20x	as long as short
Nado EURUSD-PERP	+0.0010%	1h	1.1468	+0.007%	$466K	$154K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1466	−0.017%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.024%	$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
Vest EUR-USD-PERP	+0.0046%	1h	1.1498	+0.261%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.005%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.075%	$12K	—	10x	as long as short
Kraken Futures PF_EURUSDlong	+0.0119%	1h	1.1468	long leg	$3K	—	50x
tradeXYZ xyz:EUR	+0.0256%	1h	1.1476	+0.073%	$23.3M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0272%	1h	1.1477	+0.082%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0304%	1h	1.1480	+0.106%	$2.1M	$444K	50x	as long as short
Hibachi EUR/USDT-P	+0.0304%	1h	1.1467	−0.001%	$173K	$8.2M	30x	as long as short