Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against Pacifica+0.061%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.061%, 7d avg +0.005%

Together, before fees−0.250%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.056% dearer against Pacifica than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.005%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica EURUSD	1.1466	0.0100	pay 0.0013% / 1h	49m 14s	$196K	$64K	50x
Short	Gate EURUSD_USDT	1.1473	0	get 0.0000% / 8h	5h 49m	$144K	$3K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now +0.061%Rate

Funding earned: −$21
Price spread: +0.061% → +0.005%: $5.56
Slippage, 4 orders: −$44.23
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.67
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from Pacifica: live order book, 61 min ago; Gate: live order book, 57 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 Pacifica live order book, 61 min ago	3.06 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 57 min ago	3.49 bp	18.1 bp −$18	191.6 bp −$1,916	doesn't fit	doesn't fit

EUR on 18 exchanges

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
Hotstuff EURUSD-PERP	−0.0800%	1h	1.1471	+0.044%	$33K	—	50x	as long as short
MEXC EUR_USDT	−0.0180%	4h	1.1468	+0.017%	$6.8M	$142K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0111%	1h	1.1463	−0.026%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0033%	1h	1.1470	+0.038%	$191K	$296K	40x	as long as short
Lighter EURUSD	0.0000%	1h	1.1475	+0.078%	$2.1M	$507K	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1486	+0.173%	$625K	$350K	100x	as long as short
Gate EURUSD_USDTshort	0.0000%	8h	1.1473	+0.061%	$144K	$3K	100x
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.044%	$263K	$27K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1467	+0.009%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1470	+0.035%	—	$1.7M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EURUSD-USDT	0.0000%	1h	1.1475	+0.078%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1467	+0.007%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	+0.003%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1499	+0.284%	—	$202K	100x	as long as short
tradeXYZ xyz:EUR	+0.0061%	1h	1.1471	+0.044%	$23.2M	$1.9M	50x	as long as short
Pacifica EURUSDlong	+0.0100%	1h	1.1466	long leg	$196K	$64K	50x
Aevo EURUSD-PERP	+0.0104%	1h	1.1471	+0.045%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0328%	1h	1.1472	+0.049%	$155K	$8.1M	30x	as long as short