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 Bybit−0.097%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.097%, 7d avg −0.075%

Together, before fees+0.271%+$27 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 0.022% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1487	0	get 0.0000% / 8h	2h 05m	$579K	$312K	100x
Short	Bitget EURUSDUSDT	1.1476	0	get 0.0000% / 8h	2h 05m	$261K	$25K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.075%: −$2.21
Slippage, 4 orders: −$24.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.69
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from Bybit: live order book, 35 min ago; Bitget: live order book, 35 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 Bybit live order book, 35 min ago	3.35 bp	21.1 bp −$21	41.4 bp −$414	doesn't fit	doesn't fit
Sell Bitget live order book, 35 min ago	1.31 bp	7.6 bp −$8	9.1 bp −$91	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
MEXC EUR_USDT	−0.0150%	4h	1.1477	−0.089%	$6.8M	$135K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0132%	1h	1.1472	−0.131%	$3K	—	50x	as long as short
Lighter EURUSD	0.0000%	1h	1.1484	−0.028%	$2.2M	$432K	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1487	long leg	$579K	$312K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1477	−0.089%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1476	−0.097%	$261K	$25K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1471	−0.141%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1481	−0.054%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1480	−0.063%	$12K	$263K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1471	−0.139%	$6.8M	$1.2M	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.181%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1504	+0.145%	—	$264K	100x	as long as short
Hibachi EUR/USDT-P	+0.0048%	1h	1.1475	−0.103%	$191K	$8.3M	30x	as long as short
Nado EURUSD-PERP	+0.0060%	1h	1.1476	−0.102%	$468K	$153K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1479	−0.071%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	−0.043%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0128%	1h	1.1481	−0.054%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0141%	1h	1.1480	−0.063%	$23.3M	$1.6M	50x	as long as short