Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.010%

Price spread now: Aevo against Bitget+0.018%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.018%, 7d avg −0.012%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.030% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BTCUSDT	86,294.9	0.0064	pay 0.0064% / 8h	7h 20m	$2.98B	$5.04B	150x
Short	Aevo BTC-PERP	86,310.7	0.0080	get 0.0010% / 1h	20m 07s	$2.5M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now +0.018%Rate

Funding earned: $3.36
Price spread: +0.018% → −0.012%: $3.03
Slippage, 4 orders: −$3.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$24.76
Costs to cover: 0.311%
Break-even: 58.6 days

Slippage from Bitget: live order book, 4 min ago; Aevo: live order book, 4 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 Bitget live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.1 bp −$611	doesn't fit
Sell Aevo live order book, 4 min ago	0.75 bp	8.8 bp −$9	11.7 bp −$117	14.8 bp −$1,479	doesn't fit

BTC on 56 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
Bluefin BTC-PERP	−0.0139%	1h	86,337.5	+0.049%	$144K	$666K	40x	as long as short
Phoenix BTC	−0.0129%	1h	86,359	+0.074%	$2.2M	$11.2M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,289	−0.007%	$9K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0032%	1h	86,288.4	−0.008%	$363K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,303.8	+0.010%	$481K	$21.4M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,316.4	+0.025%	$36.9M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	86,358	+0.073%	$343K	$26.9M	52x	as long as short
dYdX BTC-USD	+0.0024%	1h	86,292.5	−0.003%	$16.9M	$20.5M	50x	as long as short
Aster BTCUSDT	+0.0030%	8h	86,300.1	+0.006%	$500.5M	$1.13B	200x	as long as short
KuCoin XBTUSDTM	+0.0042%	8h	86,300	+0.006%	$831.1M	$717.9M	125x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya BTCRUSDPERP	+0.0047%	1h	86,284.7	−0.012%	$6.7M	$145.8M	40x	as long as short
BingX BTC-USDC	+0.0050%	8h	86,278.8	−0.019%	—	$15.3M	—	as long as short
RISEx BTC/USDC	+0.0052%	1h	86,299.6	+0.005%	$8.3M	$42.4M	25x	as long as short
Bitget BTCUSDTlong	+0.0064%	8h	86,294.9	long leg	$2.98B	$5.04B	150x
Aevo BTC-PERPshort	+0.0080%	1h	86,310.7	+0.018%	$2.5M	$1.8M	20x
SoDEX BTC-USD	+0.0081%	1h	86,305	+0.012%	$60.4M	$338.2M	40x	as long as short
MEXC BTC_USDT	+0.0083%	8h	86,299.1	+0.005%	$5.13B	$5.72B	500x	as long as short
Binance BTCUSDT	+0.0083%	8h	86,298.2	+0.004%	$9.40B	$24.27B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,315.8	+0.024%	$170.5M	$988.3M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,322.8	+0.032%	$23.7M	$150.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,291	−0.005%	$8.4M	$52.0M	100x	as long as short
Gate BTC_USDT	+0.0099%	8h	86,296.5	+0.002%	$5.78B	$10.57B	200x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,256	−0.045%	$197K	$7.2M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,308.2	+0.015%	$4.2M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,294.8	0.000%	$22.1M	$227.0M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,357	+0.072%	$3.79B	$4.97B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,306	+0.013%	$41.1M	$552.2M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,301	+0.007%	$5.25B	$9.66B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,301.4	+0.008%	$2.57B	$12.45B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,287	−0.009%	$3.9M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,313.2	+0.021%	$7.2M	$94.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,289.7	−0.006%	$37.4M	$159.0M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,271.9	−0.027%	$157.9M	$558.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,378.6	+0.097%	$279.0M	$949.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,434.6	+0.162%	$217.1M	$165.2M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,403.6	+0.126%	$141.5M	$321.0M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,307.5	+0.015%	$30.6M	$208.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,326.8	+0.037%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,288	−0.008%	$11.1M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,304	+0.011%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,316.1	+0.025%	$2.4M	$8.9M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,332	+0.043%	$30.3M	$56.9M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,295.9	+0.001%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,275.9	−0.022%	$2.29B	$958.6M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	86,312.1	+0.020%	$155.1M	$473.1M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,411.1	+0.135%	$576.0M	$32.8M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,291	−0.005%	$46.1M	$222.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,300.3	+0.006%	—	$98.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,341.1	+0.054%	$132.5M	$5.34B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,333.3	+0.045%	$192.4M	$944.4M	100x	as long as short
Deribit BTC-PERPETUAL	+0.0153%	1h	86,350.1	+0.064%	$902.2M	$1.51B	50x	as long as short
Hibachi BTC/USDT-P	+0.0168%	1h	86,341.8	+0.054%	$709K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0170%	1h	86,381.2	+0.100%	$77K	$217K	20x	as long as short
BloFin BTC-USDT	+0.0203%	8h	86,280.1	−0.017%	$415.0M	$641.3M	150x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,311	+0.019%	$10.6M	$765.1M	6.4x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0206% / S −0.0221%	1h	86,310.7	+0.018%	$14.5M	—	200x	as long as short