Funding arb · Price arb /

AEVO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0443%/8h= −48.6% APRpaid last 24h −1.717%

Price spread now: Bybit against Kraken Futures−0.300%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−2.871%−$287 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.300% cheaper against Kraken Futures than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AEVOUSD	0.02511	0.0449	pay 0.0056% / 1h	43m 08s	$52K	$6K	10x
Short	Bybit AEVOUSDT	0.02503	0.0005	get 0.0003% / 4h	43m 08s	$713K	$215K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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 Kraken FuturesbpFee BybitbpOrdersPrice spread, now −0.300%Rate

Funding earned: −$93.13
Price spread: −0.300% → 0.000%: −$30.03
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$144.17
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 57 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bybit live order book, 57 min ago	4.02 bp	56.2 bp −$56	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: 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.

AEVO on 13 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
Bybit AEVOUSDTshort	+0.0005%	4h	0.02503	−0.300%	$713K	$215K	25x
Aevo AEVO-PERP	+0.0096%	1h	0.02505	−0.221%	$55K	$22K	3x	as long as short
Aster AEVOUSDT	+0.0100%	4h	0.02507	−0.133%	$13K	$11	5x	as long as short
Binance AEVOUSDT	+0.0100%	4h	0.02506	−0.164%	$1.8M	$1.7M	50x	as long as short
OKX AEVO-USDT-SWAP	+0.0100%	4h	0.02508	−0.101%	$291K	$419K	10x	as long as short
Gate AEVO_USDT	+0.0100%	4h	0.02507	−0.141%	$239K	$52K	20x	as long as short
MEXC AEVO_USDC	+0.0100%	4h	0.02506	−0.181%	$1.9M	$80K	125x	as long as short
KuCoin AEVOUSDTM	+0.0100%	4h	0.02506	−0.181%	$321K	$52K	50x	as long as short
Bitget AEVOUSDT	+0.0100%	4h	0.02507	−0.141%	$220K	$133K	50x	as long as short
BingX AEVO-USDT	+0.0100%	4h	0.02507	−0.141%	—	$1.2M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AEVO	+0.0100%	4h	0.02509	−0.081%	$2K	$5	—	as long as short
BloFin AEVO-USDT	+0.0133%	4h	0.02504	−0.260%	$98K	$5K	20x	as long as short
Kraken Futures PF_AEVOUSDlong	+0.0449%	1h	0.02511	long leg	$52K	$6K	10x