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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−0.0720%/8h= −78.8% APRnext payment −$3.60 per $10,000 · paid last 24h −0.080%
Price spread now: Bitget against KuCoin+0.034%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2712.714% of the position
Long on KuCoinShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.393%+$39 on $10k
Price spread, last 7 days+0.103%+$10 · spread now +0.034%, 7d avg −0.059%
Together, before fees+0.496%+$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.093% dearer against KuCoin than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.059%): +$9 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.393%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.393% in total (about 20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.60 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
LongKuCoin EVAAUSDTM0.87240.0820pay 0.0410% / 4h9m 10s$1.6M$1.3M10x
ShortBitget EVAAUSDT0.87270.0100get 0.0050% / 4h9m 10s$2.2M$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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

Funding earned
−$151.2
Price spread: +0.034% → −0.059%
$9.3
Slippage, 4 orders
−$247.42
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$413.32
Costs to cover
2.714%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 3 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 KuCoin live order book, 2 min ago4.57 bp85.5 bp −$86doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago6.29 bp49.3 bp −$49291.1 bp −$2,911doesn'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%4h0.8719−0.057%—$7.2M—as long as short
Gate EVAA_USDT+0.0100%8h0.8725+0.011%$2.1M$1.9M10xas long as short
Bitget EVAAUSDTshort+0.0100%4h0.8727+0.034%$2.2M$1.9M10x
SunX EVAA-USDT+0.0100%4h0.8730+0.069%$3K$1.2M20xas long as short
Bybit EVAAUSDT+0.0594%4h0.8714−0.115%$2.6M$1.7M5xas long as short
BloFin EVAA-USDT+0.0602%4h0.8733+0.103%$448K$118K10xas long as short
MEXC EVAA_USDT+0.0658%4h0.8722−0.023%$9.7M$2.0M50xas long as short
Binance EVAAUSDT+0.0661%4h0.8718−0.069%$6.9M$16.5M10xas long as short
Extended EVAA-USD+0.0664%1h0.8726+0.021%$5K$135K5xas long as short
Aster EVAAUSDT+0.0786%4h0.87240.000%$17K$421K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin EVAAUSDTMlong+0.0820%4h0.8724long leg$1.6M$1.3M10x