Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: SunX against Aevo+0.045%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on SunX

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 pays, funding is against you. SunX is 0.045% dearer against Aevo than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BE-PERP	275.23	0.0104	pay 0.0013% / 1h	7m 23s	—	—	10x
Short	SunX BE-USDT	275.35	0	get 0.0000% / 8h	7h 07m	$991	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$21.84
Price spread: +0.045% → 0.000%: $4.48
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$41.36
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	46.22 bp	130.3 bp −$130	doesn't fit	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	275.11	−0.044%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.00	−0.082%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.19	−0.013%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDTshort	0.0000%	8h	275.35	+0.045%	$991	$2.5M	10x
HTX BE-USDT	0.0000%	8h	275.35	+0.045%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	275.19	−0.013%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.30	+0.027%	$251K	$300K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	275.32	+0.034%	$1.3M	$3.5M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.11	−0.042%	$115K	$112K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	275.45	+0.081%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BE	+0.0050%	1h	275.15	−0.028%	$5.9M	$2.8M	10x	as long as short
Bybit BEUSDT	+0.0078%	8h	275.25	+0.008%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.39	+0.059%	$371K	$22K	20x	as long as short
Aevo BE-PERPlong	+0.0104%	1h	275.23	long leg	—	—	10x
Coinbase International BE-PERP-INTX	+0.0128%	1h	274.76	−0.170%	$475K	$132K	10x	as long as short
Binance BEUSDT	+0.0199%	8h	275.39	+0.059%	$8.6M	$36.1M	25x	as long as short
Extended BE-USD	+0.0200%	1h	275.35	+0.046%	$47K	$260K	10x	as long as short
OKX BE-USDT-SWAP	+0.0257%	8h	275.24	+0.005%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0259%	1h	275.25	+0.008%	$7K	$4K	10x	as long as short
BloFin BE-USDT	+0.0318%	8h	275.18	−0.017%	$45K	$141K	20x	as long as short
GRVT BE_USDT_Perp	+0.0593%	8h	275.29	+0.023%	$7K	$173K	10x	as long as short