Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Aevo−0.361%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 Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days—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. Coinbase International is 0.361% cheaper against Aevo than usual: you would sell low and buy high (spread −0.361% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 50 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	Aevo BE-PERP	274.31	0.0104	pay 0.0013% / 1h	52m 23s	—	—	10x
Short	Coinbase International BE-PERP-INTX	273.32	0.0128	get 0.0016% / 1h	52m 23s	$467K	$112K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.361%Rate

Funding earned: $5.04
Price spread: −0.361% → 0.000%: −$36.14
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.1
Costs to cover: 0.260%
Break-even: 86.3 days

Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 21 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 Coinbase International live order book, 21 min ago	2.19 bp	8.8 bp −$9	18.9 bp −$189	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.

BE on 21 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
Aster BEUSDT	0.0000%	8h	274.77	+0.167%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.80	+0.178%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.05	+0.269%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.85	+0.196%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.78	+0.171%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	274.99	+0.247%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.06	+0.273%	$251K	$299K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	275.13	+0.298%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.56	+0.091%	$115K	$116K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	275.04	+0.266%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BEUSDT	+0.0094%	8h	275.14	+0.302%	$8.6M	$36.6M	25x	as long as short
Extended BE-USD	+0.0096%	1h	275.00	+0.252%	$46K	$269K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.00	+0.251%	$372K	$22K	20x	as long as short
Aevo BE-PERPlong	+0.0104%	1h	274.31	long leg	—	—	10x
Bybit BEUSDT	+0.0117%	8h	275.21	+0.328%	$2.0M	$1.2M	25x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0128%	1h	273.32	−0.361%	$467K	$112K	10x
BloFin BE-USDT	+0.0214%	8h	274.82	+0.185%	$45K	$142K	20x	as long as short
OKX BE-USDT-SWAP	+0.0254%	8h	275.30	+0.360%	$2.6M	$6.9M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0296%	1h	274.89	+0.211%	$7K	$4K	10x	as long as short
GRVT BE_USDT_Perp	+0.0488%	8h	274.84	+0.192%	$6K	$182K	10x	as long as short
tradeXYZ xyz:BE	+0.0602%	1h	275.11	+0.291%	$5.9M	$2.9M	10x	as long as short