Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.003%

Price spread now: Bitget against Aevo−0.125%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1571.571% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 3 days (all we have)−0.593%−$59 · spread now −0.125%, 7d avg −0.081%

Together, before fees−0.664%−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bitget is 0.044% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ARB-PERP	0.2276	0.0080	pay 0.0010% / 1h	35m 32s	$149K	$12K	3x
Short	Bitget ARBUSDT	0.2273	0.0067	get 0.0067% / 8h	35m 32s	$21.4M	$36.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$2.73
Price spread: −0.125% → −0.081%: −$4.42
Slippage, 4 orders: −$129.13
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$164.27
Costs to cover: 1.571%
Break-even: never at this rate

Slippage from Aevo: live order book, 43 min ago; Bitget: live order book, 3 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 Aevo live order book, 43 min ago	35.73 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.20 bp	10.6 bp −$11	18.2 bp −$182	96.3 bp −$9,630	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1785%	1h	0.2264	−0.521%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0294%	1h	0.2275	−0.029%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0182%	8h	0.2273	−0.113%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0162%	8h	0.2272	−0.156%	$58.5M	$128.9M	50x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2273	−0.143%	$7K	$2K	10x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2273	−0.125%	$23.0M	$160.5M	50x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2272	−0.156%	$38.3M	$59.6M	200x	as long as short
SoDEX ARB-USD	−0.0059%	1h	0.2276	−0.015%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2276	+0.007%	$13K	$395K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2274	−0.071%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2276	−0.002%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2277	+0.034%	$56K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2272	−0.153%	$363K	$2.3M	25x	as long as short
Binance ARBUSDT	+0.0010%	8h	0.2273	−0.138%	$66.5M	$314.1M	75x	as long as short
Gate ARB_USDT	+0.0013%	8h	0.2273	−0.134%	$5.5M	$20.2M	60x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2275	−0.046%	$3.1M	$2.8M	75x	as long as short
Bitget ARBUSDTshort	+0.0067%	8h	0.2273	−0.125%	$21.4M	$36.1M	50x
BingX ARB-USDC	+0.0071%	8h	0.2272	−0.178%	—	$6.5M	—	as long as short
Aevo ARB-PERPlong	+0.0080%	1h	0.2276	long leg	$149K	$12K	3x
Lighter ARB	+0.0096%	1h	0.2274	−0.064%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2275	−0.024%	$41.4M	$47.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2274	−0.073%	$708K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2274	−0.069%	$48K	$185K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2273	−0.138%	$19.8M	$16.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2274	−0.072%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2273	−0.125%	$485K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2273	−0.125%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2278	+0.094%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2277	+0.033%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2276	+0.007%	$5.2M	$13.2M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2279	+0.138%	$513K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2277	+0.058%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2275	−0.033%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2276	+0.029%	$930K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2275	−0.035%	$503K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0475%	1h	0.2278	+0.099%	$926K	$2.8M	20x	as long as short