Funding arb · Price arb /

AEVO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −1.860%

Price spread now: Bybit against Kraken Futures−0.233%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−2.903%−$290 on $10k

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. Bybit is 0.233% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.233% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 10 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −2.903%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AEVOUSD	0.02494	0.0024	pay 0.0003% / 1h	22m 53s	$52K	$13K	10x
Short	Bybit AEVOUSDT	0.02488	0.0100	get 0.0050% / 4h	22m 53s	$714K	$199K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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 Kraken FuturesbpFee BybitbpOrdersPrice spread, now −0.233%Rate

Funding earned: $15.9
Price spread: −0.233% → 0.000%: −$23.28
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.38
Costs to cover: 0.210%
Break-even: 19.5 days

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 52 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bybit live order book, 52 min ago	4.05 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: 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.

AEVO on 13 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
Kraken Futures PF_AEVOUSDlong	+0.0024%	1h	0.02494	long leg	$52K	$13K	10x
Aevo AEVO-PERP	+0.0096%	1h	0.02485	−0.353%	$55K	$22K	3x	as long as short
Aster AEVOUSDT	+0.0100%	4h	0.02492	−0.081%	$13K	$80	5x	as long as short
Binance AEVOUSDT	+0.0100%	4h	0.02493	−0.017%	$1.8M	$1.6M	50x	as long as short
Bybit AEVOUSDTshort	+0.0100%	4h	0.02488	−0.233%	$714K	$199K	25x
OKX AEVO-USDT-SWAP	+0.0100%	4h	0.02493	−0.032%	$281K	$405K	10x	as long as short
Gate AEVO_USDT	+0.0100%	4h	0.02486	−0.313%	$233K	$51K	20x	as long as short
MEXC AEVO_USDC	+0.0100%	4h	0.02494	+0.008%	$1.9M	$81K	125x	as long as short
KuCoin AEVOUSDTM	+0.0100%	4h	0.02494	+0.008%	$335K	$54K	50x	as long as short
Bitget AEVOUSDT	+0.0100%	4h	0.02494	+0.008%	$211K	$146K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AEVO-USDC	+0.0100%	4h	0.02492	−0.072%	—	$720K	—	as long as short
Variational Omni AEVO	+0.0100%	4h	0.02490	−0.164%	$2K	$14	—	as long as short
BloFin AEVO-USDT	+0.0109%	4h	0.02485	−0.353%	$96K	$4K	20x	as long as short