Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Orderly−0.011%7-day average — · you buy dearer than you sell

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_COIN_USDC_mythos	196.41	0.0100	pay 0.0100% / 8h	3h 07m	$568	$4K	10x
Short	Aevo COIN-PERP	196.39	0.0104	get 0.0013% / 1h	7m 05s	$116	—	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 −0.011%Rate

Funding earned: $0.84
Price spread: −0.011% → 0.000%: −$1.11
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.27
Costs to cover: 0.220%
Break-even: 192.6 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.

COIN on 26 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	−0.0733%	8h	196.55	+0.071%	$6.2M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.32	−0.046%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0227%	8h	196.50	+0.046%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0110%	1h	195.75	−0.336%	—	$262K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.36	−0.024%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.40	−0.006%	$116K	$845K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.50	+0.047%	$14.6M	$80.4M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.45	+0.020%	$4.8M	$6.1M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.46	+0.025%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.37	−0.021%	$682K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.32	−0.044%	$20K	$2.5M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.36	−0.025%	$1.3M	$3.1M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.40	−0.005%	$454K	$1.5M	10x	as long as short
Lighter COIN	+0.0040%	1h	196.45	+0.019%	$380K	$2.1M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.51	+0.051%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.35	−0.031%	$15.3M	$13.7M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.35	−0.031%	$133K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.37	−0.020%	$83	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.21	−0.102%	$350K	$2.7M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.31	−0.051%	$989K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.26	−0.076%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythoslong	+0.0100%	8h	196.41	long leg	$568	$4K	10x
Aevo COIN-PERPshort	+0.0104%	1h	196.39	−0.011%	$116	—	10x
BloFin COIN-USDT	+0.0120%	8h	196.49	+0.041%	$188K	$393K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.37	−0.020%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0805%	4h	196.36	−0.026%	$51K	$295K	10x	as long as short