Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Bitget against Extended+0.034%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.034%, 7d avg −0.045%

Together, before fees−0.118%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.079% dearer against Extended than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.045%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EUR-USD	1.1470	0.0032	pay 0.0004% / 1h	1m 00s	$6.7M	$1.3M	100x
Short	Bitget EURUSDUSDT	1.1474	0	get 0.0000% / 8h	7h 01m	$251K	$20K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$6.72
Price spread: +0.034% → −0.045%: $7.92
Slippage, 4 orders: −$7.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.26
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Bitget: live order book, 64 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 Extended live order book, 3 min ago	0.04 bp	9.0 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell Bitget live order book, 64 min ago	0.44 bp	6.4 bp −$6	9.4 bp −$94	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	−0.0140%	4h	1.1474	+0.034%	$6.8M	$153K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0052%	1h	1.1470	+0.004%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0006%	1h	1.1473	+0.023%	$467K	$177K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1479	+0.074%	$2.1M	$441K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1471	+0.005%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.052%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1474	+0.034%	$251K	$20K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1470	0.000%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1479	+0.078%	—	$2.5M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1478	+0.069%	$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
Hotstuff EURUSD-PERP	+0.0024%	1h	1.1479	+0.078%	$33K	—	50x	as long as short
Extended EUR-USDlong	+0.0032%	1h	1.1470	long leg	$6.7M	$1.3M	100x
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.003%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1502	+0.274%	—	$264K	100x	as long as short
Hibachi EUR/USDT-P	+0.0048%	1h	1.1470	+0.001%	$160K	$8.3M	30x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1471	+0.004%	$190K	$126K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1477	+0.063%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0123%	1h	1.1479	+0.078%	$23.2M	$1.9M	50x	as long as short