Funding arb · Price arb /

EUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.031%

Price spread now: Aevo against Bitget−0.049%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.049% cheaper against Bitget than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1471	0.0081	pay 0.0081% / 8h	7h 03m	$263K	$27K	100x
Short	Aevo EURUSD-PERP	1.1465	0.0104	get 0.0013% / 1h	3m 55s	$12K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.049%Rate

Funding earned: $4.83
Price spread: −0.049% → 0.000%: −$4.88
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$28.05
Costs to cover: 0.280%
Break-even: 47.7 days

Slippage unknown: Bitget: live order book, 21 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 Bitget live order book, 21 min ago	0.44 bp	7.8 bp −$8	11.3 bp −$113	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.

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	−0.0184%	4h	1.1461	−0.087%	$6.8M	$145K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0131%	1h	1.1457	−0.121%	$3K	—	50x	as long as short
Lighter EURUSD	0.0000%	1h	1.1468	−0.028%	$2.1M	$567K	50x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1460	−0.096%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1465	−0.052%	—	$2.1M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1469	−0.017%	$12K	$274K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1459	−0.101%	$6.8M	$1.4M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.040%	$9K	$78K	101x	as long as short
Nado EURUSD-PERP	+0.0039%	1h	1.1463	−0.069%	$191K	$301K	40x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1492	+0.183%	—	$224K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget EURUSDUSDTlong	+0.0081%	8h	1.1471	long leg	$263K	$27K	100x
Pacifica EURUSD	+0.0100%	1h	1.1461	−0.091%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERPshort	+0.0104%	1h	1.1465	−0.049%	$12K	—	10x
Gate EURUSD_USDT	+0.0135%	8h	1.1465	−0.052%	$144K	$3K	100x	as long as short
tradeXYZ xyz:EUR	+0.0166%	1h	1.1463	−0.070%	$23.1M	$1.9M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0168%	1h	1.1468	−0.026%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0440%	1h	1.1463	−0.070%	$160K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.0837%	8h	1.1469	−0.015%	$606K	$325K	100x	as long as short