Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against SunX+0.020%7-day average — · you sell dearer than you buy

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

Long on SunX 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 0.020% dearer against SunX than usual: you sell high and buy low: +$2 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	SunX BE-USDT	271.73	0	get 0.0000% / 8h	2h 18m	$905	$2.3M	10x
Short	Aevo BE-PERP	271.78	0.0104	get 0.0013% / 1h	18m 21s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now +0.020%Rate

Funding earned: $21.84
Price spread: +0.020% → 0.000%: $2.02
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$0.14
Costs to cover: 0.240%
Break-even: 7.0 days

Slippage unknown: SunX: live order book, 8 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 SunX live order book, 8 min ago	45.77 bp	126.5 bp −$127	doesn't fit	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
Bitget BEUSDT	−0.0128%	8h	272.11	+0.140%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	272.01	+0.102%	$341K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.12	+0.144%	$46K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.28	+0.204%	$8.2M	$37.3M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	272.33	+0.221%	$2.6M	$6.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.10	+0.136%	$1.4M	$3.3M	50x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.10	−0.231%	$6K	$158K	10x	as long as short
SunX BE-USDTlong	0.0000%	8h	271.73	long leg	$905	$2.3M	10x
HTX BE-USDT	0.0000%	8h	271.68	−0.018%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0010%	8h	272.03	+0.110%	$2.0M	$1.1M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0024%	1h	272.04	+0.114%	$1.3M	$2.5M	10x	as long as short
Lighter BE	+0.0032%	1h	271.72	−0.004%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.92	+0.070%	$242K	$300K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.31	−0.155%	$113K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.04	+0.114%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.12	+0.144%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.420%	$473K	$134K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.05	+0.118%	$367K	$18K	20x	as long as short
Aevo BE-PERPshort	+0.0104%	1h	271.78	+0.020%	—	—	10x
BloFin BE-USDT	+0.0120%	8h	271.60	−0.048%	$45K	$146K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0891%	1h	271.93	+0.074%	$6K	$4K	10x	as long as short