Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.015%

Price spread now: Aevo against Bybit+0.025%49s7-day average — · you sell dearer than you buy

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

Long on Bybit 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.025% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Bybit EURUSDUSDT	1.1472	0	get 0.0000% / 8h	13m 31s	$584K	$279K	100x
Short	Aevo EURUSD-PERP	1.1474	0.0104	get 0.0013% / 1h	13m 31s	$12K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.025%Rate

Funding earned: $21.84
Price spread: +0.025% → 0.000%: $2.51
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$2.65
Costs to cover: 0.270%
Break-even: 7.8 days

Slippage unknown: Bybit: live order book, 57 min ago; 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 Bybit live order book, 57 min ago	4.27 bp	22.5 bp −$22	51.6 bp −$516	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.

EUR on 18 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
MEXC EUR_USDT	−0.0146%	4h	1.1466	−0.049%	$6.8M	$153K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.071%	$3K	—	50x	as long as short
Bybit EURUSDUSDTlong	0.0000%	8h	1.1472	long leg	$584K	$279K	100x
Gate EURUSD_USDT	0.0000%	8h	1.1481	+0.082%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1471	−0.005%	$250K	$26K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.066%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1471	−0.005%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1471	−0.005%	$12K	$258K	20x	as long as short
Nado EURUSD-PERP	+0.0009%	1h	1.1466	−0.045%	$466K	$265K	40x	as long as short
Lighter EURUSD	+0.0024%	1h	1.1475	+0.033%	$2.1M	$534K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1464	−0.063%	$6.7M	$1.7M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	−0.010%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.211%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	−0.062%	$190K	$146K	50x	as long as short
Aevo EURUSD-PERPshort	+0.0104%	1h	1.1474	+0.025%	$12K	—	10x
Hotstuff EURUSD-PERP	+0.0112%	1h	1.1473	+0.012%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0187%	1h	1.1471	−0.005%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0208%	1h	1.1467	−0.041%	$167K	$8.4M	30x	as long as short