Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Orderly+0.131%7-day average −0.070% · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.339%−$34 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.131%, 7d avg −0.070%

Together, before fees−0.498%−$50 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 0.201% dearer against Orderly than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EURUSD_USDC	1.1461	0	get 0.0000% / 8h	1h 26m	$198K	$73K	50x
Short	Bitget EURUSDUSDT	1.1476	0	get 0.0000% / 8h	1h 26m	$261K	$25K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → −0.070%: $20.05
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $2.05
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 9 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 9 min ago	0.44 bp	6.4 bp −$6	12.6 bp −$126	doesn't fit	doesn't fit

Orderly: 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
Kraken Futures PF_EURUSD	−0.0228%	1h	1.1465	+0.034%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0214%	4h	1.1468	+0.061%	$6.8M	$135K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1477	+0.141%	$579K	$312K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.131%	$144K	$6K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1476	+0.131%	$261K	$25K	100x
Orderly PERP_EURUSD_USDClong	0.0000%	8h	1.1461	long leg	$198K	$73K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1473	+0.105%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1468	+0.061%	$12K	$269K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1463	+0.015%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.047%	$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	1.1495	+0.295%	—	$241K	100x	as long as short
Nado EURUSD-PERP	+0.0092%	1h	1.1466	+0.040%	$467K	$154K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	+0.052%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1476	+0.129%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0253%	1h	1.1473	+0.105%	$23.2M	$1.6M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0272%	1h	1.1474	+0.113%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0328%	1h	1.1464	+0.030%	$174K	$8.3M	30x	as long as short
Lighter EURUSD	+0.0336%	1h	1.1479	+0.158%	$2.2M	$408K	50x	as long as short