Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.018%

Price spread now: Aevo against OKX−0.081%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.081% cheaper against OKX than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COIN-USDT-SWAP	198.27	0	get 0.0000% / 8h	6h 45m	$3.1M	$4.5M	20x
Short	Aevo COIN-PERP	198.11	0.0104	get 0.0013% / 1h	45m 10s	$117	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.081%Rate

Funding earned: $21.84
Price spread: −0.081% → 0.000%: −$8.14
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.3
Costs to cover: 0.260%
Break-even: 10.9 days

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	1.26 bp	12.8 bp −$13	25.5 bp −$255	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.

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	198.31	+0.020%	$44K	$48K	30x	as long as short
Aster COINUSDT	0.0000%	8h	198.44	+0.087%	$364K	$840K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	198.08	−0.094%	$117K	$703K	10x	as long as short
Binance COINUSDT	0.0000%	8h	198.11	−0.081%	$15.3M	$77.3M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	198.16	−0.055%	$4.9M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAPlong	0.0000%	8h	198.27	long leg	$3.1M	$4.5M	20x
Gate COIN_USDT	0.0000%	8h	198.25	−0.010%	$1.3M	$6.9M	50x	as long as short
Bitget COINUSDT	0.0000%	8h	198.31	+0.020%	$6.3M	$9.9M	20x	as long as short
Variational Omni COIN	0.0000%	8h	198.21	−0.028%	$822K	$1.0M	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	199.16	+0.447%	$15K	$2.0M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COIN-USD-PERP	+0.0023%	1h	197.77	−0.252%	—	$289K	25x	as long as short
QFEX COIN-USD	+0.0028%	1h	198.24	−0.015%	$1.3M	$3.7M	10x	as long as short
Lighter COIN	+0.0032%	1h	198.13	−0.071%	$389K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	198.10	−0.086%	$429K	$1.4M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	198.68	+0.207%	$16K	$53K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	198.11	−0.081%	$16.2M	$13.3M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	198.14	−0.066%	$127K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	198.17	−0.050%	$102	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	198.03	−0.121%	$352K	$3.2M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	198.19	−0.040%	$985K	$138K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	198.25	−0.010%	$89K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	198.14	−0.066%	$573	$4K	10x	as long as short
Aevo COIN-PERPshort	+0.0104%	1h	198.11	−0.081%	$117	—	10x
BloFin COIN-USDT	+0.0120%	8h	199.02	+0.378%	$198K	$377K	20x	as long as short
Phoenix COIN	+0.0160%	1h	198.22	−0.025%	$5K	$251K	10x	as long as short
edgeX COINUSDC	+0.0190%	4h	198.61	+0.171%	$51K	$295K	10x	as long as short