Settings8H · net · $10k
Funding arb · Price arb /

EUR

RWAall EUR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.052%
Price spread now: Bitget against tradeXYZ−0.035%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$390.394% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.146%−$15 on $10k
Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.035%, 7d avg −0.112%
Together, before fees−0.137%+ Points / potential airdroptradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.077% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.112%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.146% in total) that is about 3.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:EUR1.14820.0186pay 0.0023% / 1h37m 08s$23.3M$1.7M50x
ShortBitget EURUSDUSDT1.14780get 0.0000% / 8h3h 37m$253K$20K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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

Funding earned
−$39.05
Price spread: −0.035% → −0.112%
$7.74
Slippage, 4 orders
−$9.44
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$70.76
Costs to cover
0.394%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Bitget: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 2 min ago1.31 bp11.5 bp −$1216.8 bp −$168doesn't fitdoesn't fit
Sell Bitget live order book, 8 min ago1.31 bp8.1 bp −$89.0 bp −$90doesn't fitdoesn't fit

EUR on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi EUR/USDT-P−0.0216%1h1.1472−0.088%$169K$8.3M30xas long as short
Kraken Futures PF_EURUSD−0.0179%1h1.1474−0.071%$3K50xas long as short
MEXC EUR_USDT−0.0148%4h1.1479−0.026%$6.8M$133K100xas long as short
Lighter EURUSD0.0000%1h1.1485+0.029%$2.1M$415K50xas long as short
Bybit EURUSDUSDT0.0000%8h1.1480−0.015%$585K$223K100xas long as short
Gate EURUSD_USDT0.0000%8h1.1479−0.026%$144K$5K100xas long as short
Bitget EURUSDUSDTshort0.0000%8h1.1478−0.035%$253K$20K100x
Orderly PERP_EURUSD_USDC0.0000%8h1.1475−0.061%$198K$73K50xas long as short
SunX EURUSD-USDT0.0000%1h1.14820.000%$2.4M10xas long as short
HTX EURUSD-USDT0.0000%1h1.1484+0.017%$12K$264K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado EURUSD-PERP+0.0014%1h1.1478−0.034%$467K$153K40xas long as short
Extended EUR-USD+0.0032%1h1.1475−0.059%$6.7M$1.2M100xas long as short
Injective EURUSD/USDC PERP+0.0033%1h1.1466−0.136%$9K$78K101xas long as short
Vest EUR-USD-PERP+0.0046%1h1.1507+0.216%$265K100xas long as short
Pacifica EURUSD+0.0100%1h1.1478−0.035%$191K$63K50xas long as short
Aevo EURUSD-PERP+0.0104%1h1.14820.000%$12K10xas long as short
Hotstuff EURUSD-PERP+0.0144%1h1.14820.000%$33K50xas long as short
tradeXYZ xyz:EURlong+0.0186%1h1.1482long leg$23.3M$1.7M50x