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= +8.3% APRpaid last 24h +0.021%

Price spread now: Pacifica against Binance+0.015%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.015%, 7d avg +0.007%

Together, before fees+0.037%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	145.68	0.0024	pay 0.0024% / 8h	7h 46m	$66.0M	$187.7M	75x
Short	Pacifica AAVE	145.70	0.0100	get 0.0013% / 1h	46m 44s	$332K	$503K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.015%Rate

Funding earned: $15.92
Price spread: +0.015% → +0.007%: $0.84
Slippage, 4 orders: −$11.72
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.96
Costs to cover: 0.297%
Break-even: 12.7 days

Slippage from Binance: live order book, 12 min ago; Pacifica: live order book, 27 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, 12 min ago	0.34 bp	8.2 bp −$8	16.1 bp −$161	47.4 bp −$4,744	doesn't fit
Sell Pacifica live order book, 27 min ago	2.39 bp	6.5 bp −$7	doesn't fit	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
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.82	+0.095%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	145.77	+0.063%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	145.67	−0.006%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.80	+0.084%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.89	+0.146%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.12	+0.303%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.74	+0.043%	$254K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.78	+0.071%	$71K	—	150x	as long as short
Phemex AAVEUSDT	+0.0006%	8h	145.72	+0.029%	$4.1M	$3.8M	50x	as long as short
MEXC AAVE_USDT	+0.0024%	8h	145.73	+0.036%	$29.0M	$25.6M	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	145.68	long leg	$66.0M	$187.7M	75x
ApeX Omni AAVEUSDT	+0.0031%	1h	145.81	+0.091%	$136K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.984%	$422	$51K	12x	as long as short
Gate AAVE_USDT	+0.0043%	8h	145.78	+0.070%	$7.8M	$15.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	−0.038%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.78	+0.070%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	145.68	+0.001%	$17.9M	$67.2M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.70	+0.018%	$123K	$146	10x	as long as short
Bybit AAVEUSDT	+0.0093%	8h	145.67	−0.006%	$62.2M	$66.0M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.86	+0.127%	$4.7M	$1.5M	10x	as long as short
BloFin AAVE-USDT	+0.0096%	8h	145.69	+0.008%	$3.4M	$4.1M	100x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.88	+0.139%	$457K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.74	+0.040%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.70	+0.015%	$797K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.79	+0.077%	$79.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.86	+0.123%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	145.70	+0.015%	$332K	$503K	10x
Arcus AAVE-USD	+0.0100%	1h	145.77	+0.063%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	+0.255%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.75	+0.049%	$10.0M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.63	−0.033%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.67	−0.006%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.89	+0.146%	$346K	$740K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.51	−0.114%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.78	+0.071%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.72	+0.029%	$128K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.66	−0.010%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.78	+0.070%	$696K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.72	+0.025%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.82	+0.095%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.76	+0.053%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.90	+0.152%	$784K	$3.1M	50x	as long as short