Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.054%

Price spread now: Bitget against MEXC+0.070%7-day average −0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.070%, 7d avg −0.093%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.162% dearer against MEXC than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EUR_USDT	1.1468	−0.0154	get 0.0077% / 4h	58m 25s	$6.8M	$144K	100x
Short	Bitget EURUSDUSDT	1.1476	0	get 0.0000% / 8h	4h 58m	$261K	$26K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.070%Rate

Funding earned: $32.34
Price spread: +0.070% → −0.093%: $16.23
Slippage, 4 orders: −$1.74
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $26.82
Costs to cover: 0.217%
Break-even: 1.2 days

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 39 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 MEXC live order book, 2 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	31.0 bp −$3,104	128.1 bp −$64.1K
Sell Bitget live order book, 39 min ago	0.44 bp	6.4 bp −$6	10.8 bp −$108	doesn't fit	doesn't fit

EUR on 18 exchanges

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
Hotstuff EURUSD-PERP	−0.0800%	1h	1.1471	+0.026%	$33K	—	50x	as long as short
MEXC EUR_USDTlong	−0.0154%	4h	1.1468	long leg	$6.8M	$144K	100x
Kraken Futures PF_EURUSD	−0.0112%	1h	1.1462	−0.051%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0028%	1h	1.1470	+0.021%	$191K	$293K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1475	+0.064%	$2.1M	$501K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1485	+0.146%	$625K	$351K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1473	+0.044%	$144K	$4K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1476	+0.070%	$261K	$26K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1466	−0.017%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1470	+0.017%	—	$1.6M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EURUSD-USDT	0.0000%	1h	1.1473	+0.044%	$12K	$271K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1466	−0.013%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.014%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1498	+0.264%	—	$190K	100x	as long as short
tradeXYZ xyz:EUR	+0.0079%	1h	1.1471	+0.026%	$22.9M	$1.7M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.012%	$196K	$64K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1472	+0.031%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0248%	1h	1.1467	−0.007%	$189K	$8.4M	30x	as long as short