Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.031%

Price spread now: Hotstuff against Bitget−0.052%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Hotstuff

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.052% cheaper against Bitget than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1479	0	get 0.0000% / 8h	1h 30m	$261K	$25K	100x
Short	Hotstuff EURUSD-PERP	1.1473	0.0280	get 0.0035% / 1h	30m 08s	$33K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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 BitgetbpFee HotstuffbpOrdersPrice spread, now −0.052%Rate

Funding earned: $58.8
Price spread: −0.052% → 0.000%: −$5.23
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $36.57
Costs to cover: 0.170%
Break-even: 2.6 days

Slippage unknown: Bitget: live order book, 5 min ago; Hotstuff: no order-book sample. 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 Bitget live order book, 5 min ago	0.44 bp	6.4 bp −$6	6.4 bp −$64	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	1.1463	−0.139%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0186%	4h	1.1465	−0.122%	$6.8M	$135K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1485	+0.053%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	−0.026%	$144K	$6K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1479	long leg	$261K	$25K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1460	−0.166%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	−0.070%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1469	−0.087%	$13K	$268K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1461	−0.153%	$6.8M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.110%	$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	1.1493	+0.121%	—	$241K	100x	as long as short
Nado EURUSD-PERP	+0.0097%	1h	1.1464	−0.133%	$467K	$154K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1467	−0.105%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	−0.032%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0251%	1h	1.1472	−0.061%	$23.2M	$1.6M	50x	as long as short
Hotstuff EURUSD-PERPshort	+0.0280%	1h	1.1473	−0.052%	$33K	—	50x
Hibachi EUR/USDT-P	+0.0320%	1h	1.1464	−0.130%	$176K	$8.3M	30x	as long as short
Lighter EURUSD	+0.0328%	1h	1.1479	−0.003%	$2.2M	$408K	50x	as long as short