Funding arb · Price arb /

EUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Bybit against Aevo+0.088%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 Bybit

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. Bybit is 0.088% dearer against Aevo than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo EURUSD-PERP	1.1472	0.0104	pay 0.0013% / 1h	38m 43s	$12K	—	10x
Short	Bybit EURUSDUSDT	1.1482	0	get 0.0000% / 8h	38m 43s	$580K	$311K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21.84
Price spread: +0.088% → 0.000%: $8.77
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.07
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 56 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 Bybit live order book, 56 min ago	4.00 bp	16.5 bp −$17	38.0 bp −$380	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.

EUR on 18 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
MEXC EUR_USDT	−0.0400%	4h	1.1466	−0.049%	$6.8M	$134K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1461	−0.094%	$3K	—	50x	as long as short
Bybit EURUSDUSDTshort	0.0000%	8h	1.1482	+0.088%	$580K	$311K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.038%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.003%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1463	−0.075%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1469	−0.023%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1469	−0.023%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1463	−0.071%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.046%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1495	+0.207%	—	$241K	100x	as long as short
Nado EURUSD-PERP	+0.0046%	1h	1.1467	−0.040%	$467K	$159K	40x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1468	−0.032%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERPlong	+0.0104%	1h	1.1472	long leg	$12K	—	10x
Hotstuff EURUSD-PERP	+0.0200%	1h	1.1473	+0.012%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0224%	1h	1.1465	−0.060%	$163K	$8.3M	30x	as long as short
tradeXYZ xyz:EUR	+0.0231%	1h	1.1470	−0.014%	$23.2M	$1.6M	50x	as long as short
Lighter EURUSD	+0.0248%	1h	1.1475	+0.033%	$2.1M	$432K	50x	as long as short