Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: Gate against HTX+0.035%50s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.986% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.035%, 7d avg +0.003%

Together, before fees−0.101%−$10 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: Gate is 0.031% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX EURUSD-USDT	1.1473	0	get 0.0000% / 1h	44m 24s	$13K	$255K	20x
Short	Gate EURUSD_USDT	1.1477	0	get 0.0000% / 8h	44m 24s	$142K	$4K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.003%: $3.14
Slippage, 4 orders: −$71.57
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$95.42
Costs to cover: 0.986%
Break-even: never at this rate

Slippage from HTX: live order book, 32 min ago; Gate: live order book, 26 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 HTX live order book, 32 min ago	5.23 bp	25.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	6.10 bp	21.8 bp −$22	183.6 bp −$1,836	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	−0.0130%	4h	1.1466	−0.061%	$6.8M	$151K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.087%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0007%	1h	1.1466	−0.057%	$466K	$271K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1476	+0.022%	$2.1M	$534K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1478	+0.046%	$584K	$366K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1477	+0.035%	$142K	$4K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.017%	$250K	$29K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.078%	$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-USDTlong	0.0000%	1h	1.1473	long leg	$13K	$255K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1464	−0.079%	$6.7M	$1.8M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.023%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.199%	—	$287K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0072%	1h	1.1472	−0.009%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	−0.075%	$190K	$188K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1474	+0.012%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0160%	1h	1.1467	−0.056%	$167K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0164%	1h	1.1471	−0.017%	$23.2M	$2.4M	50x	as long as short