Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0409%/8h= −44.8% APRpaid last 24h −0.030%

Price spread now: Bitget against Aevo+0.026%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.026% dearer against Aevo than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COIN-PERP	196.26	0.0104	pay 0.0013% / 1h	57m 14s	$116	—	10x
Short	Bitget COINUSDT	196.31	−0.0305	pay 0.0305% / 8h	7h 57m	$6.4M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$85.89
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$111.25
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 1 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	2.29 bp	9.7 bp −$10	29.4 bp −$294	112.8 bp −$11.3K	doesn't fit

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.

COIN on 26 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
Injective COIN/USDC PERP	−0.0440%	1h	195.39	−0.442%	$43K	$40K	30x	as long as short
Bitget COINUSDTshort	−0.0305%	8h	196.31	+0.026%	$6.4M	$10.4M	20x
Vest COIN-USD-PERP	−0.0052%	1h	195.76	−0.254%	—	$326K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.26	+0.001%	$342K	$890K	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.36	+0.052%	$4.7M	$6.1M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.22	−0.019%	$3.0M	$4.7M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	196.28	+0.011%	$1.2M	$6.7M	50x	as long as short
Variational Omni COIN	0.0000%	8h	195.45	−0.413%	$659K	$1.0M	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	195.73	−0.267%	$11K	$2.9M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.21	−0.025%	$467K	$1.3M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance COINUSDT	+0.0039%	8h	196.30	+0.021%	$15.0M	$82.1M	20x	as long as short
Extended COIN_24_5-USD	+0.0040%	1h	196.23	−0.014%	$104K	$860K	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.33	+0.037%	$17K	$58K	5x	as long as short
QFEX COIN-USD	+0.0047%	1h	196.25	−0.004%	$1.3M	$2.9M	10x	as long as short
Lighter COIN	+0.0048%	1h	196.16	−0.052%	$365K	$2.0M	10x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.15	−0.055%	$15.2M	$12.9M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.18	−0.040%	$135K	$1.4M	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.97	−0.147%	$442K	$2.8M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.03	−0.116%	$986K	$156K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	195.74	−0.264%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.25	−0.004%	$568	$4K	10x	as long as short
Aevo COIN-PERPlong	+0.0104%	1h	196.26	long leg	$116	—	10x
BloFin COIN-USDT	+0.0156%	8h	196.24	−0.009%	$189K	$436K	20x	as long as short
Phoenix COIN	+0.0163%	1h	195.42	−0.427%	$4K	$283K	10x	as long as short
SoDEX COIN-USD	+0.0536%	1h	196.18	−0.040%	$76	$3K	10x	as long as short
edgeX COINUSDC	+0.0696%	4h	195.64	−0.315%	$50K	$293K	10x	as long as short