Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Bitget against Arcus+0.027%7-day average −0.033% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Arcus Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.027%, 7d avg −0.033%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.060% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	147.10	0.0100	pay 0.0013% / 1h	10m 32s	$51K	$337K	10x
Short	Bitget AAVEUSDT	147.14	0.0100	get 0.0100% / 8h	3h 10m	$30.2M	$17.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.033%: $6.02
Slippage, 4 orders: −$24.12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.6
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Arcus: live order book, 18 min ago; Bitget: live order book, 3 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, 18 min ago	4.06 bp	11.1 bp −$11	23.7 bp −$237	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.02 bp	11.9 bp −$12	19.6 bp −$196	46.5 bp −$4,654	doesn't fit

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
Kraken Futures PF_AAVEUSD	−0.0060%	1h	147.22	+0.081%	$3.5M	$2.0M	50x	as long as short
Phoenix AAVE	−0.0039%	1h	147.31	+0.143%	$4K	$95K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0022%	1h	147.09	−0.007%	$210K	$432K	50x	as long as short
SoDEX AAVE-USD	−0.0022%	1h	147.08	−0.014%	$5K	$301K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	147.09	−0.003%	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	147.22	+0.082%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	147.07	−0.019%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.893%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	147.17	+0.048%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	147.14	+0.027%	$18.2M	$66.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0064%	8h	147.03	−0.048%	$18K	$12K	10x	as long as short
Nado AAVE-PERP	+0.0076%	1h	147.05	−0.034%	$830K	$436K	10x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	147.10	0.000%	$11K	$2K	5x	as long as short
MEXC AAVE_USDT	+0.0088%	8h	147.13	+0.020%	$34.0M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0089%	8h	147.04	−0.041%	$67.0M	$178.8M	75x	as long as short
RISEx AAVE/USDC	+0.0090%	1h	147.09	−0.005%	$183K	$241K	10x	as long as short
Lighter AAVE	+0.0096%	1h	147.31	+0.144%	$4.7M	$1.7M	10x	as long as short
Gate AAVE_USDT	+0.0096%	8h	147.09	−0.007%	$7.8M	$15.3M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	147.10	+0.002%	$14K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	147.14	+0.030%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	147.17	+0.045%	$335K	$507K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	147.15	+0.034%	$62.8M	$64.1M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	147.10	long leg	$51K	$337K	10x
Bulk AAVE-USD	+0.0100%	1h	147.28	+0.119%	$62K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	147.15	+0.034%	$10.2M	$8.4M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	147.14	+0.027%	$30.2M	$17.5M	75x
BingX AAVE-USDC	+0.0100%	8h	147.10	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	147.26	+0.109%	$364K	$661K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	147.12	+0.014%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	147.28	+0.120%	$101K	$310K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	147.38	+0.189%	$465K	$4.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	147.22	+0.082%	$137K	$233K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	147.17	+0.048%	$129K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	147.08	−0.014%	$2K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	147.18	+0.056%	$749K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	147.10	0.000%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	147.04	−0.039%	$953K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	147.11	+0.007%	$124K	$146	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	147.25	+0.102%	$792K	$3.0M	50x	as long as short
BloFin AAVE-USDT	+0.0209%	8h	147.06	−0.027%	$3.6M	$5.4M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	147.07	−0.024%	$129K	—	100x	as long as short
Hyperliquid AAVE	+0.0588%	1h	147.38	+0.193%	$84.4M	$31.1M	10x	as long as short