Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.003%

Price spread now: BingX against Aevo+0.037%58s7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1751.746% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−1.471%−$147 · spread now +0.037%, 7d avg −0.107%

Together, before fees−1.505%−$151 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BingX is 0.144% dearer against Aevo than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.107%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ARB-PERP	0.2188	0.0080	pay 0.0010% / 1h	18m 24s	$139K	$7K	3x
Short	BingX ARB-USDC	0.2189	0.0091	get 0.0091% / 8h	6h 18m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $2.31
Price spread: +0.037% → −0.107%: $14.4
Slippage, 4 orders: −$148.63
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$157.91
Costs to cover: 1.746%
Break-even: 485.5 days

Slippage from Aevo: live order book, 33 min ago; BingX: live order book, 11 min ago.

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 live order book, 33 min ago	32.04 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	3.66 bp	18.1 bp −$18	34.6 bp −$346	97.4 bp −$9,742	583.4 bp −$291.7K

ARB on 36 exchanges

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 ARB/USDC PERP	−0.1631%	1h	0.2177	−0.525%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0391%	1h	0.2188	−0.009%	$1.1M	$4.2M	50x	as long as short
01 Exchange ARBUSD	−0.0264%	1h	0.2189	+0.041%	$7K	$414	10x	as long as short
Bybit ARBUSDT	−0.0152%	8h	0.2190	+0.046%	$53.7M	$123.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0123%	8h	0.2190	+0.046%	$22.7M	$144.7M	50x	as long as short
MEXC ARB_USDT	−0.0123%	8h	0.2189	+0.032%	$43.4M	$63.3M	200x	as long as short
SoDEX ARB-USD	−0.0091%	1h	0.2187	−0.064%	$9K	$2.2M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0027%	8h	0.2187	−0.069%	$16K	$412K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0024%	1h	0.2188	−0.014%	$29K	$36K	25x	as long as short
Binance ARBUSDT	−0.0018%	8h	0.2190	+0.055%	$63.9M	$292.7M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0016%	1h	0.2189	+0.003%	$359K	$3.0M	25x	as long as short
Gate ARB_USDT	−0.0008%	8h	0.2190	+0.064%	$5.4M	$17.8M	60x	as long as short
Variational Omni ARB	−0.0004%	8h	0.2186	−0.100%	$1.8M	$2.8M	—	as long as short
dYdX ARB-USD	0.0000%	1h	0.2190	+0.071%	$64K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2189	+0.006%	$73K	—	150x	as long as short
Aevo ARB-PERPlong	+0.0080%	1h	0.2188	long leg	$139K	$7K	3x
BingX ARB-USDCshort	+0.0091%	8h	0.2189	+0.037%	—	$6.5M	—
Lighter ARB	+0.0096%	1h	0.2188	−0.041%	$1.2M	$5.6M	15x	as long as short
Bitget ARBUSDT	+0.0097%	8h	0.2190	+0.069%	$21.0M	$33.9M	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2193	+0.183%	$35.7M	$50.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2189	+0.039%	$626K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2189	+0.031%	$42K	$144K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2190	+0.087%	$19.0M	$13.6M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	−0.032%	$40K	$467K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2190	+0.086%	$471K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2190	+0.069%	$118K	$311K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2190	+0.069%	$73K	$1.9M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	+0.114%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2193	+0.210%	$297K	$811K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2187	−0.069%	$4.7M	$12.7M	50x	as long as short
BloFin ARB-USDT	+0.0102%	8h	0.2187	−0.055%	$3.0M	$2.1M	75x	as long as short
RISEx ARB/USDC	+0.0198%	1h	0.2191	+0.134%	$528K	$2.5M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2189	+0.014%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2189	+0.027%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0408%	1h	0.2197	+0.388%	$524K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0433%	1h	0.2191	+0.096%	$979K	$2.7M	20x	as long as short