Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.013%

Price spread now: Aevo against Binance−0.044%7-day average — · you buy dearer than you sell

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

Long on Binance 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

Funding pays, the price is against you. Aevo is 0.044% cheaper against Binance than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COINUSDT	197.76	0	get 0.0000% / 8h	6h 17m	$14.9M	$77.9M	20x
Short	Aevo COIN-PERP	197.67	0.0104	get 0.0013% / 1h	17m 36s	$117	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.044%Rate

Funding earned: $21.84
Price spread: −0.044% → 0.000%: −$4.39
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.55
Costs to cover: 0.260%
Break-even: 9.7 days

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	0.25 bp	6.5 bp −$7	15.9 bp −$159	64.2 bp −$6,417	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 25 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	−0.0547%	8h	197.87	+0.058%	$6.5M	$10.1M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	197.50	−0.129%	$44K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0044%	1h	197.18	−0.291%	—	$291K	25x	as long as short
Gate COIN_USDT	−0.0012%	8h	197.73	−0.013%	$1.2M	$7.0M	50x	as long as short
Aster COINUSDT	0.0000%	8h	197.94	+0.091%	$366K	$856K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	197.68	−0.039%	$117K	$694K	10x	as long as short
Binance COINUSDTlong	0.0000%	8h	197.76	long leg	$14.9M	$77.9M	20x
Bybit COINUSDT	0.0000%	8h	197.77	+0.007%	$4.9M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	197.76	+0.002%	$3.1M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	197.75	−0.004%	$819K	$939K	—	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	198.03	+0.138%	$15K	$2.1M	10x	as long as short
QFEX COIN-USD	+0.0028%	1h	197.70	−0.028%	$1.3M	$3.6M	10x	as long as short
Lighter COIN	+0.0032%	1h	197.72	−0.020%	$378K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	197.72	−0.018%	$437K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	197.82	+0.033%	$16K	$53K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	197.68	−0.038%	$15.8M	$13.5M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	197.55	−0.104%	$125K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	197.61	−0.074%	$99	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	197.56	−0.099%	$351K	$3.0M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	197.73	−0.013%	$996K	$144K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	197.60	−0.079%	$89K	$286K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	197.71	−0.023%	$572	$4K	10x	as long as short
Aevo COIN-PERPshort	+0.0104%	1h	197.67	−0.044%	$117	—	10x
Phoenix COIN	+0.0160%	1h	198.08	+0.164%	$5K	$251K	10x	as long as short
edgeX COINUSDC	+0.0585%	4h	197.81	+0.028%	$51K	$295K	10x	as long as short