Funding arb · Price arb /

EUR

RWAall EUR markets

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: Orderly against Aevo−0.068%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 Orderly

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.068% cheaper against Aevo than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo EURUSD-PERP	1.1467	0.0104	pay 0.0013% / 1h	18m 48s	$12K	—	10x
Short	Orderly PERP_EURUSD_USDC	1.1459	0	get 0.0000% / 8h	18m 48s	$247K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.068%Rate

Funding earned: −$21.84
Price spread: −0.068% → 0.000%: −$6.82
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$50.66
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Orderly: 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 Aevo no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aevo and Orderly: 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	−0.0210%	4h	1.1464	−0.025%	$6.8M	$138K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0020%	1h	1.1460	−0.061%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1475	+0.073%	$579K	$311K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1473	+0.054%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	+0.036%	$263K	$25K	100x	as long as short
Orderly PERP_EURUSD_USDCshort	0.0000%	8h	1.1459	−0.068%	$247K	$122K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1468	+0.010%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1468	+0.010%	$12K	$272K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1458	−0.073%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.004%	$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
Nado EURUSD-PERP	+0.0044%	1h	1.1461	−0.053%	$467K	$159K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1491	+0.207%	—	$241K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1458	−0.073%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERPlong	+0.0104%	1h	1.1467	long leg	$12K	—	10x
Lighter EURUSD	+0.0120%	1h	1.1469	+0.023%	$2.1M	$449K	50x	as long as short
Hotstuff EURUSD-PERP	+0.0208%	1h	1.1469	+0.019%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0216%	1h	1.1461	−0.053%	$162K	$8.4M	30x	as long as short
tradeXYZ xyz:EUR	+0.0220%	1h	1.1468	+0.010%	$23.2M	$1.7M	50x	as long as short