Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Orderly+0.087%7-day average — · you sell dearer than you buy

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

Long on Orderly 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 0.087% dearer against Orderly than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EURUSD_USDC	1.1466	0	get 0.0000% / 8h	5h 46m	$198K	$111K	50x
Short	Aevo EURUSD-PERP	1.1476	0.0104	get 0.0013% / 1h	46m 27s	$12K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now +0.087%Rate

Funding earned: $21.84
Price spread: +0.087% → 0.000%: $8.67
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: $8.51
Costs to cover: 0.220%
Break-even: 4.3 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Orderly and 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	−0.0116%	4h	1.1469	+0.026%	$6.8M	$136K	100x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1473	+0.062%	$582K	$280K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1476	+0.087%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.052%	$253K	$20K	100x	as long as short
Orderly PERP_EURUSD_USDClong	0.0000%	8h	1.1466	long leg	$198K	$111K	50x
SunX EURUSD-USDT	0.0000%	1h	1.1475	+0.078%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1472	+0.052%	$12K	$255K	20x	as long as short
Nado EURUSD-PERP	+0.0007%	1h	1.1468	+0.021%	$466K	$154K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1466	−0.001%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.038%	$9K	$78K	101x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest EUR-USD-PERP	+0.0046%	1h	1.1498	+0.277%	—	$264K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1470	+0.035%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERPshort	+0.0104%	1h	1.1476	+0.087%	$12K	—	10x
Kraken Futures PF_EURUSD	+0.0119%	1h	1.1467	+0.012%	$3K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0253%	1h	1.1476	+0.087%	$23.3M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0272%	1h	1.1477	+0.096%	$33K	—	50x	as long as short
Lighter EURUSD	+0.0288%	1h	1.1480	+0.120%	$2.1M	$444K	50x	as long as short
Hibachi EUR/USDT-P	+0.0296%	1h	1.1467	+0.013%	$170K	$8.2M	30x	as long as short