Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Gate+0.035%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.035%, 7d avg −0.004%

Together, before fees+0.022%+$2 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: HTX is 0.039% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.004%.

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	3h 02m	$144K	$5K	100x
Short	HTX EURUSD-USDT	1.1484	0	get 0.0000% / 1h	2m 58s	$13K	$263K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.004%: $3.9
Slippage, 4 orders: −$72.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$96.06
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from Gate: live order book, 43 min ago; HTX: live order book, 49 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, 43 min ago	9.14 bp	21.9 bp −$22	172.4 bp −$1,724	doesn't fit	doesn't fit
Sell HTX live order book, 49 min ago	6.97 bp	31.3 bp −$31	doesn't fit	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	−0.0242%	4h	1.1479	−0.009%	$6.8M	$135K	100x	as long as short
Hibachi EUR/USDT-P	−0.0240%	1h	1.1476	−0.032%	$170K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1473	−0.059%	$3K	—	50x	as long as short
Lighter EURUSD	0.0000%	1h	1.1487	+0.063%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1482	+0.018%	$585K	$223K	100x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1480	long leg	$144K	$5K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1479	−0.009%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1477	−0.026%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1481	+0.009%	—	$2.4M	10x	as long as short
HTX EURUSD-USDTshort	0.0000%	1h	1.1484	+0.035%	$13K	$263K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0006%	1h	1.1480	+0.003%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1477	−0.023%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.118%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1509	+0.254%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1480	0.000%	$191K	$63K	50x	as long as short
Hotstuff EURUSD-PERP	+0.0104%	1h	1.1482	+0.017%	$33K	—	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1484	+0.038%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0157%	1h	1.1481	+0.009%	$23.3M	$1.6M	50x	as long as short