Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.025%

Price spread now: Gate against Arcus−0.068%7-day average −0.016% · 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−$49as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.068%, 7d avg −0.016%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.052% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	146.06	0.0100	pay 0.0013% / 1h	11m 59s	$51K	$273K	10x
Short	Gate AAVE_USDT	145.96	0.0075	get 0.0075% / 8h	11m 59s	$7.9M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.068%Rate

Funding earned: −$5.25
Price spread: −0.068% → −0.016%: −$5.25
Slippage, 4 orders: −$24.2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.19
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago	2.05 bp	8.3 bp −$8	23.8 bp −$238	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.71 bp	13.2 bp −$13	23.6 bp −$236	40.1 bp −$4,014	45.4 bp −$22.7K

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	−0.0161%	1h	146.01	−0.034%	$255K	$389K	50x	as long as short
SoDEX AAVE-USD	−0.0111%	1h	145.94	−0.082%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	146.02	−0.027%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	+0.137%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	+0.090%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	+0.068%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.06	−0.003%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.08	+0.016%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.230%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	146.20	+0.096%	$66.7M	$186.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0035%	8h	145.95	−0.075%	$29.8M	$26.1M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.011%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.98	−0.055%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	146.23	+0.116%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDTshort	+0.0075%	8h	145.96	−0.068%	$7.9M	$15.9M	75x
Aevo AAVE-PERP	+0.0088%	1h	146.01	−0.034%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.16	+0.066%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.10	+0.027%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.15	+0.065%	$806K	$443K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.17	+0.075%	$80.6M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.07	+0.005%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.12	+0.042%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.20	+0.096%	$62.3M	$65.8M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	146.06	long leg	$51K	$273K	10x
Bulk AAVE-USD	+0.0100%	1h	146.23	+0.119%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.98	−0.055%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.93	−0.089%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.00	−0.041%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.09	+0.021%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.36	+0.208%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.39	+0.229%	$106K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.34	+0.191%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.43	+0.253%	$136K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.13	+0.048%	$128K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.97	−0.060%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.024%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.06	0.000%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.95	−0.077%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.11	+0.031%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	146.18	+0.082%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.07	+0.007%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.59	+0.363%	$791K	$3.0M	50x	as long as short