Settings8H · net · $10k
Funding arb · Price arb /

COIN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −5.9% APRnext payment $0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Ondo Perps against Aevo−0.067%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.067% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo COIN-PERP196.670.0104pay 0.0013% / 1h40m 56s$11610x
ShortOndo Perps COIN-USD.P196.540.0050get 0.0006% / 1h40m 56s$350K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$11.26
Price spread: −0.067% → 0.000%
−$6.67
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$38.92
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Ondo Perps no order-book sample
Aevo and Ondo Perps: 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.

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget COINUSDT−0.0683%8h196.83+0.081%$6.3M$10.4M20xas long as short
Injective COIN/USDC PERP−0.0440%1h196.82+0.076%$43K$48K30xas long as short
Gate COIN_USDT−0.0225%8h196.78+0.055%$1.2M$7.3M50xas long as short
Vest COIN-USD-PERP−0.0110%1h196.19−0.245%$266K25xas long as short
Aster COINUSDT0.0000%8h196.79+0.061%$343K$890K20xas long as short
Extended COIN_24_5-USD0.0000%1h196.69+0.012%$117K$689K10xas long as short
Binance COINUSDT0.0000%8h196.74+0.034%$14.7M$79.9M20xas long as short
Bybit COINUSDT0.0000%8h196.73+0.030%$4.8M$6.0M50xas long as short
OKX COIN-USDT-SWAP0.0000%8h196.74+0.035%$3.0M$4.6M20xas long as short
Variational Omni COIN0.0000%8h196.74+0.035%$684K$939Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COIN_USDT_Perp0.0000%8h197.00+0.167%$12K$2.4M10xas long as short
QFEX COIN-USD+0.0020%1h196.72+0.025%$1.3M$3.2M10xas long as short
Lighter RH COIN+0.0032%1h196.66−0.006%$451K$1.5M10xas long as short
Arcus COIN-USD+0.0040%1h197.04+0.188%$15K$55K5xas long as short
tradeXYZ xyz:COIN+0.0050%1h196.63−0.021%$15.4M$13.6M10xas long as short
Polymarket Perps COIN-USD+0.0050%1h196.60−0.036%$134K$1.2M10xas long as short
SoDEX COIN-USD+0.0050%1h196.72+0.025%$81$3K10xas long as short
Ondo Perps COIN-USD.Pshort+0.0050%1h196.54−0.067%$350K$2.7M10x
KuCoin COINUSDTM+0.0100%8h196.73+0.030%$992K$143K20xas long as short
ApeX Omni COINUSDT+0.0100%1h196.98+0.157%$89K$287K50xas long as short
Orderly PERP_COIN_USDC_mythos+0.0100%8h196.66−0.006%$569$4K10xas long as short
Lighter COIN+0.0104%1h196.68+0.005%$340K$2.0M10xas long as short
Aevo COIN-PERPlong+0.0104%1h196.67long leg$11610x
BloFin COIN-USDT+0.0120%8h196.79+0.060%$188K$393K20xas long as short
Phoenix COIN+0.0122%1h196.84+0.086%$4K$283K10xas long as short
edgeX COINUSDC+0.0784%4h196.93+0.134%$51K$294K10xas long as short