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

EVAA

all EVAA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0868%/8h= +95.1% APRnext payment +$4.34 per $10,000 · paid last 24h +0.120%
Price spread now: BloFin against Bitget+0.093%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1681.677% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.399%−$40 on $10k
Price spread, last 4 days (all we have)−1.121%−$112 · spread now +0.093%, 7d avg +0.066%
Together, before fees−1.520%−$152 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and BloFin is 0.027% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.066%. Mind the row above: over the last 7 days funding on this pair cost −0.399%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.399% in total (about -20.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EVAAUSDT0.75440.0100pay 0.0050% / 4h4m 48s$1.9M$3.1M10x
ShortBloFin EVAA-USDT0.75510.0968get 0.0484% / 4h4m 48s$391K$137K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$182.32
Price spread: +0.093% → +0.066%
$2.71
Slippage, 4 orders
−$143.67
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$17.36
Costs to cover
1.677%
Break-even
6.3 days
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 31 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 Bitget live order book, 3 min ago8.61 bp41.3 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 31 min ago13.06 bp35.1 bp −$35134.2 bp −$1,342doesn't fitdoesn't fit

EVAA on 11 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
Gate EVAA_USDT+0.0100%8h0.7538−0.080%$1.8M$2.3M10xas long as short
Bitget EVAAUSDTlong+0.0100%4h0.7544long leg$1.9M$3.1M10x
SunX EVAA-USDT+0.0100%4h0.7557+0.172%$3K$2.1M20xas long as short
Bybit EVAAUSDT+0.0715%4h0.75440.000%$2.2M$2.5M5xas long as short
BingX EVAA-USDT+0.0882%4h0.7547+0.040%$7.5Mas long as short
MEXC EVAA_USDT+0.0926%4h0.7547+0.040%$8.2M$2.6M50xas long as short
Binance EVAAUSDT+0.0926%4h0.7545+0.013%$5.9M$26.2M10xas long as short
Extended EVAA-USD+0.0928%1h0.7547+0.037%$4K$142K5xas long as short
BloFin EVAA-USDTshort+0.0968%4h0.7551+0.093%$391K$137K10x
Aster EVAAUSDT+0.1108%4h0.7543−0.013%$18K$538K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EVAAUSDTM+0.1216%4h0.7545+0.013%$1.4M$2.0M10xas long as short