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

EVAA

all EVAA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0371%/8h= +40.6% APRpaid last 24h +0.072%
Price spread now: Bybit against Gate−0.011%7-day average +0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$325as in the Funding arb table
Net, price: spread back to 7d avg − costs−$369as in the Price arb table
costs, in and out, $10k−$3593.591% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.339%+$34 on $10k
Price spread, last 7 days+0.145%+$15 · spread now −0.011%, 7d avg +0.084%
Together, before fees+0.484%+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.095% cheaper against Gate than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.084%). If the spread goes back, that is −$10 on $10k: about 21 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.339% in total) that is about 47 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate EVAA_USDT0.87650.0100pay 0.0100% / 8h1h 02m$2.1M$1.9M10x
ShortBybit EVAAUSDT0.87640.0471get 0.0235% / 4h1h 02m$2.6M$1.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$77.83
Price spread: −0.011% → +0.084%
−$9.53
Slippage, 4 orders
−$333.14
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$290.84
Costs to cover
3.591%
Break-even
33.2 days
Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 9 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, 5 min ago6.91 bp102.4 bp −$10213635.5 bp −$136.4Kdoesn't fitdoesn't fit
Sell Bybit live order book, 9 min ago2.89 bp97.2 bp −$97doesn't fitdoesn'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_USDTlong+0.0100%8h0.8765long leg$2.1M$1.9M10x
Bitget EVAAUSDT+0.0100%4h0.87650.000%$2.2M$1.8M10xas long as short
SunX EVAA-USDT+0.0100%4h0.87650.000%$4K$1.0M20xas long as short
Bybit EVAAUSDTshort+0.0471%4h0.8764−0.011%$2.6M$1.6M5x
BingX EVAA-USDT+0.0554%4h0.8770+0.057%$7.0Mas long as short
Extended EVAA-USD+0.0592%1h0.8767+0.025%$5K$135K5xas long as short
Binance EVAAUSDT+0.0595%4h0.8769+0.046%$6.8M$14.9M10xas long as short
MEXC EVAA_USDT+0.0598%4h0.8764−0.011%$9.8M$1.9M50xas long as short
BloFin EVAA-USDT+0.0629%4h0.8764−0.011%$442K$113K10xas long as short
KuCoin EVAAUSDTM+0.0676%4h0.8762−0.034%$1.6M$1.3M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster EVAAUSDT+0.0768%4h0.8769+0.046%$25K$388K5xas long as short