Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h −0.034%

Price spread now: Aevo against Gate0.000%7-day average — · you buy dearer than you sell

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

Long on Gate 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COIN_USDT	196.58	−0.0216	get 0.0216% / 8h	2h 47m	$1.2M	$7.3M	50x
Short	Aevo COIN-PERP	196.58	0.0104	get 0.0013% / 1h	47m 58s	$116	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now 0.000%Rate

Funding earned: $67.2
Price spread: 0.000% → 0.000%: −$0.03
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: $36.17
Costs to cover: 0.310%
Break-even: 3.2 days

Slippage unknown: Gate: live order book, just now; 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 Gate live order book, just now	3.82 bp	12.6 bp −$13	131.3 bp −$1,313	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.

COIN on 26 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
Bitget COINUSDT	−0.0726%	8h	196.66	+0.041%	$6.3M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.43	−0.076%	$43K	$48K	30x	as long as short
Gate COIN_USDTlong	−0.0216%	8h	196.58	long leg	$1.2M	$7.3M	50x
Vest COIN-USD-PERP	−0.0114%	1h	195.88	−0.356%	—	$281K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.38	−0.103%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.48	−0.053%	$114K	$857K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.55	−0.016%	$14.7M	$80.7M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.49	−0.046%	$4.7M	$6.1M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.64	+0.031%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.56	−0.010%	$703K	$955K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.57	−0.005%	$23K	$2.5M	10x	as long as short
Lighter COIN	+0.0032%	1h	196.48	−0.049%	$383K	$2.1M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.44	−0.071%	$453K	$1.5M	10x	as long as short
QFEX COIN-USD	+0.0038%	1h	196.54	−0.020%	$1.3M	$3.1M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.56	−0.010%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.42	−0.081%	$15.3M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.42	−0.081%	$132K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.57	−0.005%	$72	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.36	−0.112%	$351K	$2.7M	10x	as long as short
Phoenix COIN	+0.0082%	1h	196.43	−0.076%	$4K	$283K	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.32	−0.132%	$989K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.44	−0.071%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.55	−0.015%	$568	$4K	10x	as long as short
Aevo COIN-PERPshort	+0.0104%	1h	196.58	0.000%	$116	—	10x
BloFin COIN-USDT	+0.0120%	8h	196.58	0.000%	$188K	$393K	20x	as long as short
edgeX COINUSDC	+0.0194%	4h	196.32	−0.133%	$51K	$295K	10x	as long as short