Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.118%

Price spread now: edgeX against Aevo−0.112%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.112% cheaper against Aevo than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 28 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COIN-PERP	198.15	0.0104	pay 0.0013% / 1h	10m 27s	$117	—	10x
Short	edgeX COINUSDC	197.93	0.0420	get 0.0210% / 4h	1h 10m	$51K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $66.44
Price spread: −0.112% → 0.000%: −$11.16
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $30.27
Costs to cover: 0.250%
Break-even: 3.8 days

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 52 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 edgeX live order book, 52 min ago	5.56 bp	10.5 bp −$11	16.2 bp −$162	doesn't fit	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
Bitget COINUSDT	−0.0646%	8h	198.33	+0.089%	$6.3M	$10.2M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	197.89	−0.133%	$44K	$48K	30x	as long as short
Gate COIN_USDT	−0.0181%	8h	198.27	+0.059%	$1.2M	$7.1M	50x	as long as short
Vest COIN-USD-PERP	−0.0086%	1h	197.66	−0.249%	—	$284K	25x	as long as short
Aster COINUSDT	0.0000%	8h	198.33	+0.088%	$350K	$876K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	198.24	+0.043%	$117K	$696K	10x	as long as short
Binance COINUSDT	0.0000%	8h	198.31	+0.078%	$15.1M	$78.7M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	198.16	+0.003%	$4.9M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	198.07	−0.042%	$3.1M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	198.17	+0.007%	$686K	$1.0M	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	198.00	−0.077%	$16K	$2.1M	10x	as long as short
QFEX COIN-USD	+0.0016%	1h	198.18	+0.013%	$1.3M	$3.4M	10x	as long as short
Lighter COIN	+0.0032%	1h	198.16	+0.004%	$358K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	198.16	+0.003%	$456K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	198.15	−0.002%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	198.14	−0.007%	$15.6M	$13.5M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	198.11	−0.022%	$126K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	198.08	−0.037%	$80	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	197.79	−0.183%	$352K	$2.9M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	198.12	−0.017%	$998K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	197.94	−0.108%	$89K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	198.11	−0.022%	$573	$4K	10x	as long as short
Aevo COIN-PERPlong	+0.0104%	1h	198.15	long leg	$117	—	10x
BloFin COIN-USDT	+0.0120%	8h	198.22	+0.034%	$189K	$393K	20x	as long as short
Phoenix COIN	+0.0162%	1h	197.99	−0.082%	$5K	$281K	10x	as long as short
edgeX COINUSDCshort	+0.0420%	4h	197.93	−0.112%	$51K	$293K	10x