Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Bybit against Aevo−0.009%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BE-PERP	273.38	0.0104	pay 0.0013% / 1h	21m 40s	—	—	10x
Short	Bybit BEUSDT	273.35	0	get 0.0000% / 8h	1h 21m	$2.0M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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

Position, each leg$Hold fordaysFee AevobpFee BybitbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$21.84
Price spread: −0.009% → 0.000%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.78
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	3.11 bp	15.3 bp −$15	101.4 bp −$1,014	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BE on 21 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
Aster BEUSDT	0.0000%	8h	273.14	−0.088%	$343K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.39	+0.004%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	273.42	+0.016%	$8.5M	$37.4M	25x	as long as short
Bybit BEUSDTshort	0.0000%	8h	273.35	−0.009%	$2.0M	$1.2M	25x
Gate BE_USDT	0.0000%	8h	273.20	−0.064%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.28	−0.035%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.25	−0.045%	$7K	$191K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.42	+0.016%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.47	+0.035%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.10	−0.101%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	273.34	−0.013%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	273.35	−0.009%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.14	−0.086%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.23	−0.053%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.415%	$467K	$121K	10x	as long as short
OKX BE-USDT-SWAP	+0.0094%	8h	273.48	+0.038%	$2.6M	$6.8M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.34	−0.013%	$369K	$23K	20x	as long as short
Aevo BE-PERPlong	+0.0104%	1h	273.38	long leg	—	—	10x
BloFin BE-USDT	+0.0120%	8h	273.44	+0.024%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0159%	1h	273.17	−0.075%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0665%	1h	273.39	+0.005%	$6K	$4K	10x	as long as short