Funding arb · Price arb /

EVAA

all EVAA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0474%/8h= −51.9% APRpaid last 24h −0.079%

Price spread now: Gate against BloFin+0.172%78s7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2502.504% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 3 days (all we have)+0.518%+$52 · spread now +0.172%, 7d avg −0.052%

Together, before fees+0.346%+$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.224% dearer against BloFin than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of −0.052%): +$22 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.172% in total) that is about 9.1 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% 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	BloFin EVAA-USDT	0.8735	0.0574	pay 0.0287% / 4h	59m 50s	$441K	$113K	10x
Short	Gate EVAA_USDT	0.8750	0.0100	get 0.0100% / 8h	59m 50s	$2.1M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee GatebpOrdersPrice spread, now +0.172%Rate

Funding earned: −$99.47
Price spread: +0.172% → −0.052%: $22.41
Slippage, 4 orders: −$223.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$327.42
Costs to cover: 2.504%
Break-even: never at this rate

Slippage from BloFin: live order book, 16 min ago; Gate: 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 BloFin live order book, 16 min ago	1.15 bp	22.5 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.14 bp	81.1 bp −$81	1814.7 bp −$18.1K	doesn't fit	doesn't fit

EVAA on 11 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
Gate EVAA_USDTshort	+0.0100%	8h	0.8750	+0.172%	$2.1M	$1.9M	10x
Bitget EVAAUSDT	+0.0100%	4h	0.8762	+0.309%	$2.2M	$1.8M	10x	as long as short
SunX EVAA-USDT	+0.0100%	4h	0.8784	+0.561%	$4K	$1.0M	20x	as long as short
Bybit EVAAUSDT	+0.0501%	4h	0.8767	+0.366%	$2.6M	$1.6M	5x	as long as short
BingX EVAA-USDT	+0.0568%	4h	0.8760	+0.286%	—	$7.0M	—	as long as short
BloFin EVAA-USDTlong	+0.0574%	4h	0.8735	long leg	$441K	$113K	10x
Binance EVAAUSDT	+0.0589%	4h	0.8761	+0.298%	$6.8M	$14.9M	10x	as long as short
Extended EVAA-USD	+0.0592%	1h	0.8777	+0.482%	$5K	$135K	5x	as long as short
MEXC EVAA_USDT	+0.0594%	4h	0.8776	+0.469%	$9.8M	$1.9M	50x	as long as short
KuCoin EVAAUSDTM	+0.0676%	4h	0.8767	+0.366%	$1.6M	$1.3M	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EVAAUSDT	+0.0760%	4h	0.8768	+0.380%	$24K	$392K	5x	as long as short