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: SunX against Gate+0.017%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2422.423% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.017%, 7d avg +0.038%

Together, before fees−0.009%−$1 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: SunX is 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.038%.

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 14m	$144K	$5K	100x
Short	SunX EURUSD-USDT	1.1482	0	get 0.0000% / 1h	14m 37s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.038%: −$2.06
Slippage, 4 orders: −$219.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$244.38
Costs to cover: 2.423%
Break-even: never at this rate

Slippage from Gate: live order book, 31 min ago; SunX: live order book, 2 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, 31 min ago	9.14 bp	21.9 bp −$22	172.4 bp −$1,724	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	81.43 bp	100.3 bp −$100	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
Hibachi EUR/USDT-P	−0.0240%	1h	1.1473	−0.061%	$176K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.053%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0164%	4h	1.1479	−0.009%	$6.8M	$134K	100x	as long as short
Lighter EURUSD	0.0000%	1h	1.1486	+0.049%	$2.1M	$415K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1481	+0.004%	$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	1.1478	−0.017%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1476	−0.035%	$198K	$73K	50x	as long as short
SunX EURUSD-USDTshort	0.0000%	1h	1.1482	+0.017%	—	$2.4M	10x
HTX EURUSD-USDT	0.0000%	1h	1.1479	−0.009%	$13K	$264K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0009%	1h	1.1480	−0.004%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1476	−0.035%	$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	1.1508	+0.246%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1476	−0.031%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1482	+0.021%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0120%	1h	1.1481	+0.009%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0170%	1h	1.1481	+0.009%	$23.3M	$1.6M	50x	as long as short