Funding arb · Price arb /

AEVO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0351%/8h= −38.5% APRpaid last 24h −1.708%

Price spread now: KuCoin against Kraken Futures−0.150%52s7-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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−2.807%−$281 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 −$11 a day on $10k at the current rate, and KuCoin is 0.150% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	Kraken Futures PF_AEVOUSD	0.02498	0.0451	pay 0.0056% / 1h	21m 31s	$52K	$6K	10x
Short	KuCoin AEVOUSDTM	0.02494	0.0100	get 0.0050% / 4h	21m 31s	$318K	$52K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$73.74
Price spread: −0.150% → 0.000%: −$15.01
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$110.75
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	6.01 bp	150.0 bp −$150	565.8 bp −$5,658	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 AEVOUSDT	−0.0020%	4h	0.02492	−0.230%	$710K	$215K	25x	as long as short
BloFin AEVO-USDT	+0.0067%	4h	0.02494	−0.150%	$99K	$5K	20x	as long as short
Aevo AEVO-PERP	+0.0096%	1h	0.02494	−0.150%	$55K	$22K	3x	as long as short
Aster AEVOUSDT	+0.0100%	4h	0.02496	−0.076%	$13K	$11	5x	as long as short
Binance AEVOUSDT	+0.0100%	4h	0.02495	−0.096%	$1.8M	$1.6M	50x	as long as short
OKX AEVO-USDT-SWAP	+0.0100%	4h	0.02495	−0.110%	$290K	$412K	10x	as long as short
Gate AEVO_USDT	+0.0100%	4h	0.02493	−0.190%	$237K	$53K	20x	as long as short
MEXC AEVO_USDC	+0.0100%	4h	0.02494	−0.150%	$1.9M	$81K	125x	as long as short
KuCoin AEVOUSDTMshort	+0.0100%	4h	0.02494	−0.150%	$318K	$52K	50x
Bitget AEVOUSDT	+0.0100%	4h	0.02494	−0.150%	$218K	$136K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AEVO-USDT	+0.0100%	4h	0.02495	−0.110%	—	$1.2M	—	as long as short
Variational Omni AEVO	+0.0100%	4h	0.02489	−0.369%	$2K	$5	—	as long as short
Kraken Futures PF_AEVOUSDlong	+0.0451%	1h	0.02498	long leg	$52K	$6K	10x