Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aevo against Gate+0.064%7-day average — · you sell dearer than you buy

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

Long on Gate 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 +$3 a day on $10k at the current rate, and Aevo is 0.064% dearer against Gate than usual: you sell high and buy low: +$6 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	Gate BE_USDT	273.50	0	get 0.0000% / 8h	56m 33s	$1.5M	$3.7M	50x
Short	Aevo BE-PERP	273.68	0.0104	get 0.0013% / 1h	56m 33s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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

Position, each leg$Hold fordaysFee GatebpFee AevobpOrdersPrice spread, now +0.064%Rate

Funding earned: $21.84
Price spread: +0.064% → 0.000%: $6.41
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$2.75
Costs to cover: 0.310%
Break-even: 7.9 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	3.66 bp	16.9 bp −$17	41.9 bp −$419	78.4 bp −$7,839	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	273.51	+0.004%	$344K	$118K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	273.74	+0.088%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDTlong	0.0000%	8h	273.50	long leg	$1.5M	$3.7M	50x
Bitget BEUSDT	0.0000%	8h	273.71	+0.077%	$1.7M	$2.7M	20x	as long as short
SunX BE-USDT	0.0000%	8h	273.70	+0.073%	$936	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.54	+0.015%	$13K	$33K	20x	as long as short
Extended BE-USD	+0.0008%	1h	273.85	+0.128%	$46K	$270K	10x	as long as short
Binance BEUSDT	+0.0013%	8h	273.95	+0.166%	$8.5M	$37.1M	25x	as long as short
Lighter BE	+0.0032%	1h	273.32	−0.066%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.61	+0.040%	$249K	$380K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BE_USDT_Perp	+0.0039%	8h	273.44	−0.022%	$7K	$188K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.59	+0.033%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.61	+0.040%	—	—	10x	as long as short
QFEX BE-USD	+0.0073%	1h	273.88	+0.139%	$1.3M	$3.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	272.24	−0.461%	$467K	$120K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.71	+0.077%	$370K	$23K	20x	as long as short
BloFin BE-USDT	+0.0101%	8h	273.59	+0.033%	$45K	$140K	20x	as long as short
Aevo BE-PERPshort	+0.0104%	1h	273.68	+0.064%	—	—	10x
OKX BE-USDT-SWAP	+0.0192%	8h	274.00	+0.183%	$2.6M	$6.8M	25x	as long as short
tradeXYZ xyz:BE	+0.0230%	1h	273.50	0.000%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0957%	1h	273.69	+0.069%	$7K	$4K	10x	as long as short