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

BTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.018%
Price spread now: Aftermath Perps against Aevo+0.176%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$390.386% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.051%+$5 on $10k
Price spread, last 3 days (all we have)−0.125%−$12 · spread now +0.176%, 7d avg +0.039%
Together, before fees−0.073%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aftermath Perps is 0.137% dearer against Aevo than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,212.50.0080pay 0.0010% / 1h19m 00s$2.5M$1.8M20x
ShortAftermath Perps BTCUSD86,364.30.0169get 0.0021% / 1h19m 00s$77K$217K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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

Funding earned
$18.67
Price spread: +0.176% → +0.039%
$13.73
Slippage, 4 orders
−$13.58
Fee Aevo: 8 bp × 2 orders
−$16
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$6.18
Costs to cover
0.386%
Break-even
9.3 days
Slippage from Aevo: live order book, just now; Aftermath Perps: live order book, 55 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 Aevo live order book, just now0.96 bp10.2 bp −$1011.8 bp −$118doesn't fitdoesn't fit
Sell Aftermath Perps live order book, 55 min ago1.00 bp9.4 bp −$9doesn't fitdoesn't fitdoesn't fit

BTC on 56 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
Phoenix BTC−0.0129%1h86,359+0.170%$2.2M$11.2M40xas long as short
Bluefin BTC-PERP−0.0120%1h86,242.4+0.035%$144K$666K40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,268+0.064%$9K$3K50xas long as short
01 Exchange BTCUSD−0.0032%1h86,263.8+0.059%$363K$2.4M50xas long as short
Perpl BTC0.0000%43m86,264.1+0.060%$480K$21.2M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,277.5+0.075%$36.9M200xas long as short
Injective BTC/USDC PERP+0.0023%1h86,358+0.169%$343K$26.9M52xas long as short
dYdX BTC-USD+0.0023%1h86,292.5+0.093%$16.9M$20.5M50xas long as short
Aster BTCUSDT+0.0030%8h86,191.9−0.024%$499.9M$1.13B200xas long as short
KuCoin XBTUSDTM+0.0042%8h86,164.8−0.055%$829.2M$717.9M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0047%1h86,268+0.064%$6.7M$145.8M40xas long as short
BingX BTC-USDC+0.0050%8h86,161.6−0.059%$15.3Mas long as short
RISEx BTC/USDC+0.0052%1h86,265.6+0.062%$8.3M$42.4M25xas long as short
Bitget BTCUSDT+0.0064%8h86,178−0.040%$2.97B$5.05B150xas long as short
SoDEX BTC-USD+0.0077%1h86,158−0.063%$60.3M$338.2M40xas long as short
Aevo BTC-PERPlong+0.0080%1h86,212.5long leg$2.5M$1.8M20x
MEXC BTC_USDT+0.0083%8h86,153.3−0.069%$5.12B$5.73B500xas long as short
Binance BTCUSDT+0.0083%8h86,158.9−0.062%$9.39B$24.31B150xas long as short
Deribit BTC-PERPETUAL+0.0090%1h86,206.6−0.007%$902.2M$1.51B50xas long as short
Gate BTC_USDT+0.0092%8h86,186.5−0.030%$5.76B$10.58B200xas long as short
Lighter BTC+0.0096%1h86,167.7−0.052%$170.1M$989.0M50xas long as short
Lighter RH BTC+0.0096%1h86,188.7−0.028%$23.6M$151.2M50xas long as short
Popdex BTCUSDT+0.0096%1h86,260+0.055%$8.4M$52.0M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,226+0.016%$197K$7.2M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,263.7+0.059%$4.2M$8.6M50xas long as short
Nado BTC-PERP+0.0100%1h86,260.1+0.055%$22.0M$227.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,230+0.020%$3.78B$4.97B40xas long as short
Pacifica BTC+0.0100%1h86,274.9+0.072%$40.6M$558.6M50xas long as short
Bybit BTCUSDT+0.0100%8h86,172.5−0.046%$5.25B$9.66B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,171.9−0.047%$2.56B$12.45B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,240+0.032%$3.9M$17.8M25xas long as short
Arcus BTC-USD+0.0100%1h86,277.4+0.075%$7.2M$94.9M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,151.7−0.071%$35.7M$159.3M75xas long as short
Variational Omni BTC+0.0100%8h86,271.9+0.069%$157.9M$558.2Mas long as short
edgeX BTCUSDC+0.0100%4h86,274.4+0.072%$278.7M$950.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,277+0.075%$216.6M$165.7M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,283.5+0.082%$141.3M$321.0M100xas long as short
StandX BTC-USD+0.0100%1h86,268.7+0.065%$30.6M$208.8M40xas long as short
Vest BTC-PERP+0.0100%1h86,309.7+0.113%$11.8M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,271+0.068%$11.1M$14.1M50xas long as short
Bullet BTC-USD+0.0100%1h86,268.7+0.065%$191K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,211.9−0.001%$2.4M$8.9M100xas long as short
Derive BTC-PERP+0.0100%1h86,209.6−0.003%$30.3M$56.9M15xas long as short
SunX BTC-USDT+0.0100%8h86,225.7+0.015%$3.3M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,139.7−0.084%$2.29B$960.1M200xas long as short
Phemex BTCUSDT+0.0100%8h86,161.1−0.060%$154.9M$473.2M150xas long as short
Bulk BTC-USD+0.0100%1h86,411.1+0.230%$576.0M$32.8M40xas long as short
Extended BTC-USD+0.0104%1h86,140.4−0.084%$46.1M$222.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,324.9+0.130%$98.4M500xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,206.5−0.007%$132.5M$5.33B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,189.8−0.026%$191.9M$945.4M100xas long as short
Hibachi BTC/USDT-P+0.0168%1h86,323+0.128%$714K$7.9M30xas long as short
Aftermath Perps BTCUSDshort+0.0169%1h86,364.3+0.176%$77K$217K20x
BloFin BTC-USDT+0.0203%8h86,139.1−0.085%$415.1M$640.9M150xas long as short
Kalshi KXBTCPERP+0.0206%8h86,253+0.047%$10.4M$765.6M6.4xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0207% / S −0.0221%1h86,278.5+0.077%$14.5M200xas long as short