Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Arcus against BingX+0.070%7-day average +0.021% · 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−$24as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on BingX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.070%, 7d avg +0.021%

Together, before fees−0.054%−$5 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: Arcus is 0.049% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	141.97	0.0100	pay 0.0100% / 8h	1h 04m	—	$43.5M	—
Short	Arcus AAVE-USD	142.07	0.0100	get 0.0013% / 1h	4m 02s	$63K	$197K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BingX. 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 BingXbpFee ArcusbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.021%: $4.92
Slippage, 4 orders: −$14.33
Fee BingX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.91
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Arcus: live order book, 39 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 BingX live order book, 5 min ago	0.35 bp	5.4 bp −$5	7.1 bp −$71	17.0 bp −$1,697	44.5 bp −$22.3K
Sell Arcus live order book, 39 min ago	2.11 bp	7.9 bp −$8	24.5 bp −$245	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
dYdX AAVE-USD	0.0000%	1h	142.04	+0.052%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.04	+0.049%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.00	+0.021%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.03	+0.042%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.529%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.95	−0.016%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0070%	1h	141.95	−0.014%	$826K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	141.97	0.000%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.50	+0.373%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.17	+0.144%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	141.97	+0.001%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.07	+0.067%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.06	+0.064%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.04	+0.049%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.02	+0.035%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.05	+0.056%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	142.07	+0.070%	$63K	$197K	10x
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.268%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.03	+0.042%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.00	+0.021%	$24.3M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.02	+0.035%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.03	+0.042%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	141.97	long leg	—	$43.5M	—
Variational Omni AAVE	+0.0100%	8h	142.26	+0.204%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	+0.117%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	+0.162%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	+0.113%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.05	+0.056%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.96	−0.011%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.00	+0.021%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.342%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.02	+0.035%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.94	−0.018%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.01	+0.032%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.01	+0.028%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0161%	1h	142.17	+0.143%	$77.7M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0166%	1h	142.13	+0.113%	$390K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.09	+0.085%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.01	+0.029%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.05	+0.056%	$188K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.225%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.10	+0.093%	$3.4M	$2.1M	50x	as long as short