Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.021%

Price spread now: Arcus against Binance−0.039%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−$35as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Binance Short on Arcus

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)+0.015%+$1 · spread now −0.039%, 7d avg +0.004%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.043% cheaper against Binance than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.004%). If the spread goes back, that is −$4 on $10k: about 45 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.029% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	146.20	0.0024	pay 0.0024% / 8h	7h 43m	$66.3M	$187.2M	75x
Short	Arcus AAVE-USD	146.14	0.0100	get 0.0013% / 1h	43m 11s	$46K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.039%Rate

Funding earned: $16.02
Price spread: −0.039% → +0.004%: −$4.27
Slippage, 4 orders: −$16.38
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.13
Costs to cover: 0.309%
Break-even: 15.4 days

Slippage from Binance: live order book, 15 min ago; Arcus: live order book, 30 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 Binance live order book, 15 min ago	0.34 bp	8.2 bp −$8	16.1 bp −$161	47.4 bp −$4,744	doesn't fit
Sell Arcus live order book, 30 min ago	2.05 bp	7.0 bp −$7	20.9 bp −$209	doesn't fit	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
Phemex AAVEUSDT	−0.0256%	8h	146.24	+0.030%	$4.2M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.32	+0.083%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.15	−0.032%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	146.21	+0.009%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	−0.005%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	+0.009%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	−0.264%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.30	+0.071%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.28	+0.057%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.24	+0.030%	$29.3M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDTlong	+0.0024%	8h	146.20	long leg	$66.3M	$187.2M	75x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.318%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	−0.047%	—	—	20x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	−0.271%	$136K	$230K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	146.21	+0.009%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.13	−0.045%	$18.0M	$67.3M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.25	+0.037%	$124K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	145.86	−0.230%	$457K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0095%	8h	146.22	+0.016%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.43	+0.161%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.20	0.000%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.19	−0.001%	$799K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.26	+0.044%	$79.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.19	−0.005%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.21	+0.008%	$334K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.19	−0.004%	$62.5M	$65.7M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	146.14	−0.039%	$46K	$278K	10x
Bulk AAVE-USD	+0.0100%	1h	146.05	−0.100%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.20	+0.002%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.20	+0.002%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.15	−0.032%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.16	−0.025%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.19	−0.004%	$346K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.386%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.74	−0.310%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.21	+0.009%	$128K	$445K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.12	−0.049%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.177%	$699K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.20	+0.002%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.18	−0.012%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.28	+0.054%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	−0.080%	$786K	$3.1M	50x	as long as short