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: Gate against Bybit−0.084%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$700.698% of the position

Long on Bybit Short on Gate

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)+0.125%+$13 · spread now −0.084%, 7d avg −0.008%

Together, before fees+0.337%+$34 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: Gate is 0.076% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EURUSDUSDT	1.1475	0	get 0.0000% / 8h	3m 43s	$579K	$311K	100x
Short	Gate EURUSD_USDT	1.1465	0	get 0.0000% / 8h	3m 43s	$143K	$5K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.008%: −$7.59
Slippage, 4 orders: −$43.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$77.35
Costs to cover: 0.698%
Break-even: never at this rate

Slippage from Bybit: live order book, 26 min ago; Gate: live order book, 27 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, 26 min ago	6.14 bp	12.2 bp −$12	44.3 bp −$443	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	8.28 bp	18.8 bp −$19	184.6 bp −$1,846	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	−0.0182%	4h	1.1458	−0.145%	$6.8M	$139K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1454	−0.180%	$3K	—	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1475	long leg	$579K	$311K	100x
Gate EURUSD_USDTshort	0.0000%	8h	1.1465	−0.084%	$143K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.023%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1453	−0.188%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1462	−0.110%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1465	−0.084%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1453	−0.190%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.071%	$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	1.1485	+0.090%	—	$224K	100x	as long as short
Nado EURUSD-PERP	+0.0051%	1h	1.1455	−0.172%	$466K	$158K	40x	as long as short
Lighter EURUSD	+0.0064%	1h	1.1458	−0.149%	$2.1M	$511K	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1454	−0.180%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1459	−0.133%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0226%	1h	1.1463	−0.101%	$23.2M	$1.7M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0240%	1h	1.1463	−0.101%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0256%	1h	1.1458	−0.143%	$168K	$8.4M	30x	as long as short