Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.038%

Price spread now: Gate against Hotstuff+0.044%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.044% dearer against Hotstuff than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff EURUSD-PERP	1.1473	0.0168	pay 0.0021% / 1h	31m 47s	$33K	—	50x
Short	Gate EURUSD_USDT	1.1478	0	get 0.0000% / 8h	3h 31m	$142K	$10K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hotstuff. 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 HotstuffbpFee GatebpOrdersPrice spread, now +0.044%Rate

Funding earned: −$35.28
Price spread: +0.044% → 0.000%: $4.36
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 12 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Gate live order book, 12 min ago	7.40 bp	30.4 bp −$30	208.6 bp −$2,086	doesn't fit	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0179%	1h	1.1463	−0.086%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0158%	4h	1.1466	−0.061%	$6.8M	$159K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1483	+0.086%	$593K	$531K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1478	+0.044%	$142K	$10K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1472	−0.009%	$249K	$99K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1465	−0.070%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	−0.017%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1472	−0.009%	$13K	$240K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1464	−0.075%	$6.7M	$3.1M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.023%	$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
Nado EURUSD-PERP	+0.0036%	1h	1.1466	−0.061%	$467K	$381K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1495	+0.190%	—	$264K	100x	as long as short
Lighter EURUSD	+0.0048%	1h	1.1478	+0.044%	$2.2M	$1.2M	50x	as long as short
Hibachi EUR/USDT-P	+0.0048%	1h	1.1465	−0.065%	$159K	$8.8M	30x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1465	−0.071%	$191K	$179K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1478	+0.041%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERPlong	+0.0168%	1h	1.1473	long leg	$33K	—	50x
tradeXYZ xyz:EUR	+0.0186%	1h	1.1471	−0.017%	$23.2M	$3.1M	50x	as long as short