Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0186%/8h= +20.3% APRpaid last 24h +0.047%

Price spread now: tradeXYZ against Bitget+0.052%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.052%, 7d avg +0.116%

Together, before fees+0.115%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.063% cheaper against Bitget than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.116%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.139% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1473	0	get 0.0000% / 8h	6h 58m	$251K	$20K	100x
Short	tradeXYZ xyz:EUR	1.1479	0.0186	get 0.0023% / 1h	58m 57s	$23.2M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.052%Rate

Funding earned: $38.99
Price spread: +0.052% → +0.116%: −$6.33
Slippage, 4 orders: −$9.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$6.49
Costs to cover: 0.391%
Break-even: 8.2 days

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 10 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 Bitget live order book, 1 min ago	1.74 bp	8.0 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.31 bp	13.1 bp −$13	15.9 bp −$159	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
Kraken Futures PF_EURUSD	−0.0211%	1h	1.1471	−0.019%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0134%	4h	1.1473	0.000%	$6.8M	$138K	100x	as long as short
Nado EURUSD-PERP	−0.0005%	1h	1.1473	+0.003%	$467K	$175K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1479	+0.051%	$2.1M	$441K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1471	−0.017%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.026%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDTlong	0.0000%	8h	1.1473	long leg	$251K	$20K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1470	−0.026%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1479	+0.052%	—	$2.5M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1479	+0.052%	$13K	$258K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1470	−0.025%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.023%	$9K	$78K	101x	as long as short
Hibachi EUR/USDT-P	+0.0040%	1h	1.1470	−0.025%	$160K	$8.3M	30x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1502	+0.249%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1471	−0.014%	$190K	$126K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1478	+0.045%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0176%	1h	1.1480	+0.061%	$33K	—	50x	as long as short
tradeXYZ xyz:EURshort	+0.0186%	1h	1.1479	+0.052%	$23.2M	$1.9M	50x