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: Bybit against Gate−0.087%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on Gate Short on Bybit

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)+0.044%+$4 · spread now −0.087%, 7d avg +0.008%

Together, before fees−0.167%−$17 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: Bybit is 0.095% cheaper against Gate than usual: you would sell low and buy high, −$10 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	Gate EURUSD_USDT	1.1480	0	get 0.0000% / 8h	7h 51m	$142K	$4K	100x
Short	Bybit EURUSDUSDT	1.1470	0	get 0.0000% / 8h	7h 51m	$584K	$279K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → +0.008%: −$9.54
Slippage, 4 orders: −$53.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$89.1
Costs to cover: 0.796%
Break-even: never at this rate

Slippage from Gate: live order book, 14 min ago; Bybit: live order book, 14 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 Gate live order book, 14 min ago	0.87 bp	21.7 bp −$22	181.4 bp −$1,814	doesn't fit	doesn't fit
Sell Bybit live order book, 14 min ago	2.35 bp	15.7 bp −$16	46.1 bp −$461	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	−0.0134%	4h	1.1470	−0.087%	$6.8M	$150K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0052%	1h	1.1465	−0.128%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0021%	1h	1.1471	−0.082%	$466K	$178K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1474	−0.050%	$2.1M	$413K	50x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1470	−0.087%	$584K	$279K	100x
Gate EURUSD_USDTlong	0.0000%	8h	1.1480	long leg	$142K	$4K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.070%	$251K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1468	−0.105%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1473	−0.061%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1470	−0.087%	$12K	$257K	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	1.1468	−0.102%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.084%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1500	+0.172%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0048%	1h	1.1475	−0.044%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1468	−0.101%	$190K	$128K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1473	−0.065%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0139%	1h	1.1474	−0.052%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0224%	1h	1.1468	−0.100%	$160K	$8.3M	30x	as long as short