Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: Aevo against tradeXYZ+0.071%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ 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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.071% dearer against tradeXYZ than usual: you sell high and buy low: +$7 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	tradeXYZ xyz:BE	275.42	0.0050	pay 0.0006% / 1h	38m 28s	$5.9M	$2.6M	10x
Short	Aevo BE-PERP	275.62	0.0104	get 0.0013% / 1h	38m 28s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against tradeXYZ. 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 tradeXYZbpFee AevobpOrdersPrice spread, now +0.071%Rate

Funding earned: $11.34
Price spread: +0.071% → 0.000%: $7.13
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$15.53
Costs to cover: 0.340%
Break-even: 16.6 days

Slippage unknown: tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	0.91 bp	14.3 bp −$14	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
Aster BEUSDT	0.0000%	8h	275.34	−0.030%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.30	−0.044%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.50	+0.029%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.67	+0.090%	$6K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.69	+0.098%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.74	+0.116%	$13K	$34K	20x	as long as short
Lighter BE	+0.0032%	1h	275.31	−0.040%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.46	+0.015%	$251K	$289K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.850%	$473K	$129K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.46	+0.015%	$115K	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	275.51	+0.033%	—	—	10x	as long as short
tradeXYZ xyz:BElong	+0.0050%	1h	275.42	long leg	$5.9M	$2.6M	10x
QFEX BE-USD	+0.0052%	1h	275.55	+0.047%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0069%	8h	275.55	+0.047%	$8.5M	$36.3M	25x	as long as short
Extended BE-USD	+0.0072%	1h	275.54	+0.044%	$46K	$256K	10x	as long as short
Bybit BEUSDT	+0.0083%	8h	275.62	+0.073%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.39	−0.011%	$371K	$20K	20x	as long as short
Aevo BE-PERPshort	+0.0104%	1h	275.62	+0.071%	—	—	10x
OKX BE-USDT-SWAP	+0.0130%	8h	275.75	+0.120%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0189%	8h	275.73	+0.113%	$45K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0440%	1h	275.62	+0.073%	$7K	$4K	10x	as long as short