Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0130%/8h= −14.3% APRpaid last 24h −0.025%

Price spread now: Bybit against Aevo−0.019%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1331.332% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−1.386%−$139 · spread now −0.019%, 7d avg −0.098%

Together, before fees−1.493%−$149 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.079% dearer against Aevo than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.098%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.107% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ARB-PERP	0.2199	0.0088	pay 0.0011% / 1h	53m 41s	$139K	$7K	3x
Short	Bybit ARBUSDT	0.2198	−0.0042	pay 0.0042% / 8h	3h 53m	$55.3M	$124.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee AevobpFee BybitbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$27.38
Price spread: −0.019% → −0.098%: $7.87
Slippage, 4 orders: −$106.24
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$152.74
Costs to cover: 1.332%
Break-even: never at this rate

Slippage from Aevo: live order book, 60 min ago; Bybit: live order book, 5 min ago.

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 Aevo live order book, 60 min ago	31.70 bp	56.8 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.23 bp	9.4 bp −$9	26.5 bp −$265	56.4 bp −$5,638	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1589%	1h	0.2188	−0.488%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0280%	1h	0.2198	−0.010%	$81K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0116%	8h	0.2199	+0.013%	$22.2M	$143.9M	50x	as long as short
MEXC ARB_USDT	−0.0115%	8h	0.2198	−0.010%	$42.2M	$60.2M	200x	as long as short
Variational Omni ARB	−0.0097%	8h	0.2199	+0.011%	$1.8M	$2.9M	—	as long as short
01 Exchange ARBUSD	−0.0080%	1h	0.2200	+0.076%	$7K	$2K	10x	as long as short
Orderly PERP_ARB_USDC	−0.0073%	8h	0.2198	−0.033%	$12K	$404K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2199	+0.008%	$1.1M	$4.4M	50x	as long as short
Bybit ARBUSDTshort	−0.0042%	8h	0.2198	−0.019%	$55.3M	$124.2M	50x
Gate ARB_USDT	−0.0031%	8h	0.2198	−0.010%	$5.3M	$18.0M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2200	+0.054%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2198	−0.028%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2199	+0.033%	$32K	—	150x	as long as short
Binance ARBUSDT	+0.0022%	8h	0.2199	+0.031%	$63.9M	$300.2M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2198	−0.032%	$350K	$2.5M	25x	as long as short
SoDEX ARB-USD	+0.0051%	1h	0.2198	−0.042%	$10K	$2.2M	5x	as long as short
Bitget ARBUSDT	+0.0060%	8h	0.2198	−0.033%	$20.9M	$34.1M	50x	as long as short
BingX ARB-USDT	+0.0061%	8h	0.2198	−0.010%	—	$53.6M	—	as long as short
BloFin ARB-USDT	+0.0084%	8h	0.2203	+0.204%	$3.1M	$2.5M	75x	as long as short
Aevo ARB-PERPlong	+0.0088%	1h	0.2199	long leg	$139K	$7K	3x
Lighter ARB	+0.0096%	1h	0.2199	+0.026%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2200	+0.076%	$37.7M	$48.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2199	+0.002%	$633K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2201	+0.105%	$42K	$163K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2199	+0.026%	$19.6M	$14.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2200	+0.044%	$38K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2201	+0.116%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2199	+0.013%	$119K	$284K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2200	+0.058%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2200	+0.072%	$299K	$900K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2200	+0.058%	$5.0M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2201	+0.103%	$482K	$2.6M	10x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2204	+0.240%	$492K	$1.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2199	+0.022%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2197	−0.074%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0604%	1h	0.2200	+0.076%	$991K	$2.8M	20x	as long as short