Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.016%
Price spread now: Aevo against Coinbase International−0.030%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.030%, 7d avg −0.058%
=The price spread pays, funding is against you. Aevo is 0.028% dearer against Coinbase International than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.058%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.015% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 85,564 | 0.0112 | pay 0.0014% / 1h | 33m 38s | $111.9M | $5.42B | 50x |
| Short | Aevo BTC-PERP | 85,538.1 | 0.0096 | get 0.0012% / 1h | 33m 38s | $2.4M | $6.7M | 20x |
Coinbase International BTC-PERP-INTX
Aevo BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.36
- Price spread: −0.030% → −0.058%
- $2.82
- Slippage, 4 orders
- −$2.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$29.34
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 6 min ago; Aevo: live order book, 6 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 Coinbase International live order book, 6 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.1 bp −$508 | 8.7 bp −$4,363 |
| Sell Aevo live order book, 6 min ago | 0.76 bp | 8.8 bp −$9 | 10.9 bp −$109 | 14.1 bp −$1,405 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1559% | 1h | 85,595.7 | +0.037% | $194K | $796K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,510 | −0.063% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,494.6 | −0.081% | $423.0M | $677.8M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,438 | −0.147% | $307K | $25.0M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,447.3 | −0.136% | $352K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,512.1 | −0.061% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0015% | 8h | 85,432.4 | −0.154% | $938.1M | $773.1M | 125x | as long as short |
| Aster BTCUSDT | +0.0033% | 8h | 85,436.3 | −0.149% | $502.6M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | +0.0052% | 1h | 85,470 | −0.110% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,521.4 | −0.050% | $185.8M | $938.5M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,531 | −0.039% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDT | +0.0080% | 8h | 85,436.9 | −0.149% | — | $1.56B | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,449.9 | −0.133% | $170.7M | $944.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,447.5 | −0.136% | $23.5M | $134.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,473 | −0.106% | $8.7M | $58.1M | 100x | as long as short |
| Aevo BTC-PERPshort | +0.0096% | 1h | 85,538.1 | −0.030% | $2.4M | $6.7M | 20x | |
| Nado BTC-PERP | +0.0097% | 1h | 85,576.9 | +0.015% | $24.1M | $216.4M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,421 | −0.167% | $265K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,471.4 | −0.108% | $5.7M | $9.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,461.8 | −0.119% | $40.5M | $604.9M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,439.2 | −0.146% | $9.40B | $24.93B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,433.9 | −0.152% | $5.09B | $9.91B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,439.1 | −0.146% | $2.61B | $12.07B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,425 | −0.162% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,451.5 | −0.131% | $4.7M | $97.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,499.9 | −0.075% | $701.6M | $160.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,441.7 | −0.143% | $5.50B | $9.90B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,435 | −0.151% | $5.05B | $5.74B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,436.9 | −0.149% | $2.97B | $5.12B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,491.2 | −0.085% | $37.7M | $193.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,485.8 | −0.091% | $155.9M | $543.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,465.2 | −0.115% | $283.4M | $960.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,496.9 | −0.078% | $214.7M | $155.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,522 | −0.049% | $136.9M | $312.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,481 | −0.097% | $30.1M | $218.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,554.7 | −0.011% | — | $10.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,390 | −0.203% | $10.9M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,482.6 | −0.095% | $196K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,539.6 | −0.029% | $2.7M | $9.8M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,481.7 | −0.096% | $3.0M | $6.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,506 | −0.068% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,504.8 | −0.069% | $2.26B | $971.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,509 | −0.064% | $162.6M | $514.1M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,414.6 | −0.175% | $45.8M | $240.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,508.4 | −0.065% | — | $107.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0112% | 1h | 85,564 | long leg | $111.9M | $5.42B | 50x | |
| Derive BTC-PERP | +0.0123% | 1h | 85,569.1 | +0.006% | $28.9M | $52.4M | 15x | as long as short |
| Reya BTCRUSDPERP | +0.0149% | 1h | 85,458.2 | −0.124% | $6.6M | $138.0M | 40x | as long as short |
| Hyperliquid BTC | +0.0166% | 1h | 85,510 | −0.063% | $3.84B | $5.14B | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,487.7 | −0.089% | $13.0M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0182% | 1h | 85,567.7 | +0.004% | $828.3M | $1.65B | 50x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,464.4 | −0.116% | $9.0M | $42.3M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 85,552 | −0.014% | $10.7M | $736.6M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0323% | 1h | 85,526.2 | −0.044% | $81K | $255K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 85,545.3 | −0.022% | $688K | $7.6M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,518.9 | −0.053% | $466K | $18.1M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Derive BTC-PERP
Reya BTCRUSDPERP
Hyperliquid BTC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
RISEx BTC/USDC
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC