Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: OKX against Arcus−0.014%7-day average −0.033% · 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−$340.342% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.014%, 7d avg −0.033%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	142.23	0.0100	pay 0.0013% / 1h	52m 15s	$44K	$179K	10x
Short	OKX AAVE-USDT-SWAP	142.21	0.0100	get 0.0100% / 8h	4h 52m	$17.0M	$63.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.033%: $1.85
Slippage, 4 orders: −$19.67
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.32
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Arcus: live order book, 6 min ago; OKX: 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, 6 min ago	2.81 bp	10.8 bp −$11	25.4 bp −$254	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.35 bp	8.9 bp −$9	17.6 bp −$176	57.3 bp −$5,733	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
01 Exchange AAVEUSD	−0.0144%	1h	142.19	−0.028%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0050%	1h	142.17	−0.042%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.41	+0.125%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.28	+0.035%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.24	+0.007%	$223K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.30	+0.051%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.705%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.32	+0.065%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.19	−0.028%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.67	+0.309%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0065%	1h	142.29	+0.042%	$132K	$219K	50x	as long as short
Nado AAVE-PERP	+0.0067%	1h	142.23	0.000%	$833K	$438K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.23	0.000%	$4.5M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.35	+0.083%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.30	+0.049%	$76.9M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.38	+0.108%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.40	+0.121%	$324K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.19	−0.028%	$63.8M	$183.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.19	−0.028%	$61.0M	$65.5M	75x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0100%	8h	142.21	−0.014%	$17.0M	$63.4M	50x
Arcus AAVE-USDlong	+0.0100%	1h	142.23	long leg	$44K	$179K	10x
Gate AAVE_USDT	+0.0100%	8h	142.30	+0.049%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.19	−0.028%	$25.3M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.22	−0.007%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.10	−0.091%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.20	−0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.27	+0.028%	$346K	$705K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.65	+0.296%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.46	+0.159%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	−0.056%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.32	+0.063%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.27	+0.031%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.161%	$685K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.24	+0.007%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.314%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.18	−0.038%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.24	+0.007%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.27	+0.031%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.49	+0.183%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.30	+0.049%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.22	−0.005%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.415%	$774K	$2.8M	50x	as long as short