Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.039%

Price spread now: Aevo against Bitget−0.027%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.027% cheaper against Bitget than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	93.321	−0.0132	get 0.0066% / 4h	3h 10m	$42.0M	$43.2M	100x
Short	Aevo WTIOIL-PERP	93.296	0.0104	get 0.0013% / 1h	10m 46s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.027%Rate

Funding earned: $49.56
Price spread: −0.027% → 0.000%: −$2.69
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $18.87
Costs to cover: 0.280%
Break-even: 4.3 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.43 bp	7.8 bp −$8	9.5 bp −$95	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.

CL on 36 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0500%	1h	93.300	−0.023%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0338%	4h	93.280	−0.044%	$58K	$656K	25x	as long as short
Aster CLUSD1	−0.0282%	4h	93.360	+0.042%	$24.3M	$65.9M	20x	as long as short
Binance CLUSDT	−0.0188%	4h	93.330	+0.010%	$246.5M	$940.0M	100x	as long as short
Variational Omni CL	−0.0173%	4h	93.308	−0.014%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0132%	1h	93.284	−0.040%	$2K	$27K	5x	as long as short
Bitget CLUSDTlong	−0.0132%	4h	93.321	long leg	$42.0M	$43.2M	100x
Ondo Perps WTI-USD.P	−0.0130%	1h	93.260	−0.065%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0115%	1h	93.381	+0.064%	$966K	$629K	10x	as long as short
edgeX CLUSDC	−0.0069%	4h	93.266	−0.058%	$524K	$305K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0068%	8h	93.270	−0.055%	$21.4M	$51.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	93.330	+0.010%	$42.7M	$103.1M	50x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.353	+0.035%	$282K	$958K	25x	as long as short
tradeXYZ xyz:CL	−0.0059%	1h	93.323	+0.002%	$184.7M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.173%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.320	−0.001%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0026%	8h	93.306	−0.016%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.310	−0.012%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.323	+0.002%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.009%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.331	+0.011%	$27.0M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.387	+0.070%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.323	+0.002%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.885	−0.467%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0010%	4h	93.342	+0.023%	$7.1M	$2.4M	50x	as long as short
Extended WTI-USD	+0.0024%	1h	93.365	+0.047%	$2.0M	$18.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.210	−0.119%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.340	+0.020%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.324	+0.003%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.328	+0.008%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.330	+0.009%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.340	+0.020%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	93.296	−0.027%	$4K	—	10x
BloFin CL-USDT	+0.0176%	4h	93.320	−0.001%	$4.0M	$997K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.698%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0224% / S −0.0152%	1h	93.325	+0.004%	$81K	—	111x	as long as short