Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.054%

Price spread now: MEXC against Gate−0.052%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.052%, 7d avg +0.030%

Together, before fees−0.316%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.082% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EURUSD_USDT	1.1461	0	get 0.0000% / 8h	6h 56m	$144K	$3K	100x
Short	MEXC EUR_USDT	1.1455	−0.0126	pay 0.0063% / 4h	2h 56m	$6.8M	$140K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$26.46
Price spread: −0.052% → +0.030%: −$8.24
Slippage, 4 orders: −$17.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$74.74
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Gate: live order book, 29 min ago; MEXC: live order book, 1 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, 29 min ago	0.44 bp	22.6 bp −$23	168.0 bp −$1,680	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.44 bp	4.4 bp −$4	4.4 bp −$44	23.7 bp −$2,374	129.1 bp −$64.6K

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
Kraken Futures PF_EURUSD	−0.0140%	1h	1.1449	−0.103%	$3K	—	50x	as long as short
MEXC EUR_USDTshort	−0.0126%	4h	1.1455	−0.052%	$6.8M	$140K	100x
Nado EURUSD-PERP	−0.0006%	1h	1.1457	−0.035%	$191K	$301K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1461	−0.004%	$2.1M	$512K	50x	as long as short
Gate EURUSD_USDTlong	0.0000%	8h	1.1461	long leg	$144K	$3K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1452	−0.079%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1458	−0.026%	—	$2.1M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1461	0.000%	$12K	$274K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1452	−0.075%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.047%	$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	+0.207%	—	$225K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0056%	1h	1.1461	0.000%	$33K	—	50x	as long as short
Bitget EURUSDUSDT	+0.0070%	8h	1.1470	+0.079%	$263K	$27K	100x	as long as short
tradeXYZ xyz:EUR	+0.0074%	1h	1.1458	−0.026%	$23.1M	$1.9M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1454	−0.065%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1458	−0.025%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0440%	1h	1.1463	+0.014%	$155K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.0521%	8h	1.1469	+0.067%	$606K	$325K	100x	as long as short