Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.020%

Price spread now: Binance against Arcus−0.027%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.027%, 7d avg −0.004%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.023% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	145.77	0.0100	pay 0.0013% / 1h	59m 15s	$51K	$273K	10x
Short	Binance AAVEUSDT	145.73	0.0042	get 0.0042% / 8h	59m 15s	$66.4M	$185.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$12.18
Price spread: −0.027% → −0.004%: −$2.29
Slippage, 4 orders: −$15.67
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.64
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Arcus: live order book, 19 min ago; Binance: live order book, 14 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 Arcus live order book, 19 min ago	2.41 bp	9.2 bp −$9	24.4 bp −$244	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.34 bp	6.5 bp −$6	12.8 bp −$128	34.9 bp −$3,487	153.2 bp −$76.6K

AAVE on 42 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
Deribit AAVE_USDC-PERPETUAL	−0.0162%	1h	145.73	−0.027%	$255K	$417K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.88	+0.075%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0013%	1h	145.73	−0.027%	$5K	$298K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	145.77	0.000%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.83	+0.044%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.83	+0.041%	$68K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.82	+0.037%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.78	+0.003%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.044%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.74	−0.021%	$30.6M	$25.5M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDTshort	+0.0042%	8h	145.73	−0.027%	$66.4M	$185.0M	75x
Reya AAVERUSDPERP	+0.0044%	1h	145.65	−0.079%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.71	−0.041%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	145.72	−0.034%	$17.8M	$67.2M	50x	as long as short
Gate AAVE_USDT	+0.0071%	8h	145.71	−0.041%	$7.8M	$15.7M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.65	−0.079%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.95	+0.124%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.81	+0.027%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.74	−0.021%	$806K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.84	+0.048%	$80.2M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.75	−0.016%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.87	+0.065%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.73	−0.027%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	145.77	long leg	$51K	$273K	10x
Bulk AAVE-USD	+0.0100%	1h	145.79	+0.014%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.76	−0.007%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.72	−0.034%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.72	−0.034%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.90	+0.089%	$351K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.55	−0.154%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.58	−0.131%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.61	−0.111%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.49	−0.192%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.76	−0.007%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.73	−0.026%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.83	+0.044%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.73	−0.027%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.70	−0.047%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.81	+0.029%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0162%	8h	145.72	−0.034%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.77	+0.001%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.08	+0.213%	$793K	$3.0M	50x	as long as short