Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0323%/8h= +35.4% APRpaid last 24h −0.001%

Price spread now: Aevo against Bybit+0.068%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1491.494% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+2.503%+$250 · spread now +0.068%, 7d avg +0.093%

Together, before fees+2.583%+$258 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread +0.068% now, against its 7-day average of +0.093%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.080% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2213	−0.0243	get 0.0243% / 8h	2h 49m	$57.5M	$134.8M	50x
Short	Aevo ARB-PERP	0.2215	0.0080	get 0.0010% / 1h	49m 15s	$145K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.068%Rate

Funding earned: $67.83
Price spread: +0.068% → +0.093%: −$2.57
Slippage, 4 orders: −$122.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$84.13
Costs to cover: 1.494%
Break-even: 15.7 days

Slippage from Bybit: live order book, 5 min ago; Aevo: live order book, 39 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 Bybit live order book, 5 min ago	0.23 bp	9.3 bp −$9	17.9 bp −$179	42.6 bp −$4,261	doesn't fit
Sell Aevo live order book, 39 min ago	35.52 bp	65.4 bp −$65	doesn't fit	doesn't fit	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	−0.1675%	1h	0.2199	−0.633%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0416%	1h	0.2213	0.000%	$7K	$2K	10x	as long as short
ApeX Omni ARBUSDT	−0.0271%	1h	0.2210	−0.136%	$120K	$297K	50x	as long as short
Bybit ARBUSDTlong	−0.0243%	8h	0.2213	long leg	$57.5M	$134.8M	50x
Variational Omni ARB	−0.0191%	8h	0.2209	−0.160%	$1.9M	$2.8M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0111%	1h	0.2214	+0.054%	$36K	$18K	25x	as long as short
MEXC ARB_USDT	−0.0059%	8h	0.2213	+0.018%	$37.5M	$63.0M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0058%	8h	0.2212	−0.032%	$22.1M	$164.0M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0054%	1h	0.2215	+0.092%	$1.1M	$5.2M	50x	as long as short
SoDEX ARB-USD	−0.0033%	1h	0.2213	−0.009%	$4K	$2.9M	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0008%	1h	0.2213	+0.018%	$76K	$2.3M	10x	as long as short
Orderly PERP_ARB_USDC	−0.0007%	8h	0.2214	+0.045%	$10K	$383K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2214	+0.045%	$65K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2212	−0.037%	$351K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0003%	8h	0.2214	+0.024%	$63.1M	$326.0M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2214	+0.054%	$55K	—	150x	as long as short
BloFin ARB-USDT	+0.0013%	8h	0.2212	−0.059%	$3.0M	$3.3M	75x	as long as short
Gate ARB_USDT	+0.0019%	8h	0.2214	+0.041%	$5.5M	$21.5M	60x	as long as short
Aevo ARB-PERPshort	+0.0080%	1h	0.2215	+0.068%	$145K	$12K	3x
BingX ARB-USDC	+0.0081%	8h	0.2212	−0.041%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0083%	8h	0.2212	−0.045%	$20.8M	$38.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2214	+0.063%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2215	+0.095%	$39.7M	$53.0M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2213	−0.023%	$688K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2213	+0.007%	$45K	$207K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2214	+0.063%	$20.4M	$17.2M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.049%	$38K	$449K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2211	−0.109%	$474K	$4.2M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2214	+0.045%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2213	+0.005%	$272K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2213	0.000%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0275% / S −0.0168%	1h	0.2214	+0.058%	$812K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2214	+0.063%	$506K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2213	−0.005%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0379%	1h	0.2214	+0.036%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2216	+0.121%	$486K	$2.9M	10x	as long as short