Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h —

Price spread now: Aevo against Coinbase International+0.360%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Aevo

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.360% dearer against Coinbase International than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	272.24	0.0064	pay 0.0008% / 1h	33m 07s	$467K	$121K	10x
Short	Aevo BE-PERP	273.22	0.0104	get 0.0013% / 1h	33m 07s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now +0.360%Rate

Funding earned: $8.4
Price spread: +0.360% → 0.000%: $35.97
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: $18.37
Costs to cover: 0.260%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 50 min ago; Aevo: no order-book sample. 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 Coinbase International live order book, 50 min ago	5.14 bp	11.2 bp −$11	22.5 bp −$225	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	273.34	+0.403%	$344K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.29	+0.386%	$46K	$270K	10x	as long as short
Binance BEUSDT	0.0000%	8h	273.34	+0.404%	$8.5M	$37.4M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	273.27	+0.378%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.00	+0.279%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.16	+0.338%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.15	+0.333%	$7K	$194K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.36	+0.411%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.21	+0.356%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	272.95	+0.261%	—	—	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	273.21	+0.356%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	273.07	+0.305%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.01	+0.283%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.23	+0.364%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0056%	8h	273.41	+0.430%	$2.6M	$6.8M	25x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0064%	1h	272.24	long leg	$467K	$121K	10x
KuCoin BEUSDTM	+0.0100%	8h	272.88	+0.235%	$368K	$23K	20x	as long as short
Aevo BE-PERPshort	+0.0104%	1h	273.22	+0.360%	—	—	10x
BloFin BE-USDT	+0.0120%	8h	273.23	+0.364%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0175%	1h	273.10	+0.316%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0959%	1h	273.32	+0.397%	$6K	$4K	10x	as long as short