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Funding arb · Price arb /

EVAA

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0408%/8h= +44.7% APRpaid last 24h +0.082%
Price spread now: Binance against Gate+0.012%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2812.806% of the position
Long on GateShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.178%+$18 on $10k
Price spread, last 7 days+0.105%+$11 · spread now +0.012%, 7d avg +0.047%
Together, before fees+0.283%+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.047%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.178% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EVAA_USDT0.84450.0100pay 0.0100% / 8h1h 50m$2.0M$1.8M10x
ShortBinance EVAAUSDT0.84460.0508get 0.0254% / 4h1h 50m$6.5M$14.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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
$85.67
Price spread: +0.012% → +0.047%
−$3.51
Slippage, 4 orders
−$255.59
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
−$198.43
Costs to cover
2.806%
Break-even
23.2 days
Slippage from Gate: live order book, 3 min ago; Binance: live order book, 5 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 Gate live order book, 3 min ago10.71 bp101.0 bp −$10112882.5 bp −$128.8Kdoesn't fitdoesn't fit
Sell Binance live order book, 5 min ago0.59 bp30.8 bp −$31197.5 bp −$1,975doesn'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
BingX EVAA-USDT+0.0070%4h0.8442−0.036%—$6.9M—as long as short
Gate EVAA_USDTlong+0.0100%8h0.8445long leg$2.0M$1.8M10x
Bitget EVAAUSDT+0.0100%4h0.8448+0.036%$2.1M$1.7M10xas long as short
SunX EVAA-USDT+0.0100%4h0.8451+0.071%$3K$990K20xas long as short
BloFin EVAA-USDT+0.0485%4h0.8422−0.272%$429K$104K10xas long as short
Extended EVAA-USD+0.0504%1h0.8446+0.008%$4K$135K5xas long as short
MEXC EVAA_USDT+0.0504%4h0.8439−0.071%$9.4M$1.8M50xas long as short
Binance EVAAUSDTshort+0.0508%4h0.8446+0.012%$6.5M$14.3M10x
KuCoin EVAAUSDTM+0.0528%4h0.8442−0.036%$1.6M$1.2M10xas long as short
Bybit EVAAUSDT+0.0568%4h0.8436−0.107%$2.5M$1.5M5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster EVAAUSDT+0.0680%4h0.8438−0.080%$19K$379K5xas long as short