Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Pacifica against Bybit+0.018%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.018%, 7d avg +0.034%

Together, before fees+0.127%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	146.03	0.0100	pay 0.0100% / 8h	34m 22s	$62.3M	$65.9M	75x
Short	Pacifica AAVE	146.06	0.0100	get 0.0013% / 1h	34m 22s	$333K	$504K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.034%: −$1.61
Slippage, 4 orders: −$14.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$35.58
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Pacifica: live order book, 44 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 Bybit live order book, 5 min ago	0.34 bp	8.7 bp −$9	14.4 bp −$144	51.5 bp −$5,148	doesn't fit
Sell Pacifica live order book, 44 min ago	2.41 bp	7.2 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
SoDEX AAVE-USD	−0.0066%	1h	146.05	+0.014%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	0.000%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.09	+0.041%	$255K	$394K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.14	+0.072%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	146.08	+0.034%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.09	+0.041%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.17	+0.095%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.11	+0.054%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.211%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.08	+0.034%	$30.5M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0040%	8h	146.03	0.000%	$66.5M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.00	−0.021%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.04	+0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.04	+0.007%	$18.0M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0076%	8h	146.01	−0.014%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.08	+0.038%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.24	+0.143%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.03	+0.001%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.99	−0.027%	$803K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.18	+0.103%	$80.6M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.14	+0.074%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	146.06	+0.018%	$333K	$504K	10x
Bybit AAVEUSDTlong	+0.0100%	8h	146.03	long leg	$62.3M	$65.9M	75x
Arcus AAVE-USD	+0.0100%	1h	146.09	+0.041%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.103%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.01	−0.014%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.96	−0.048%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.02	−0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.24	+0.144%	$359K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	+0.067%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.239%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.232%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.66	−0.253%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.10	+0.048%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.03	+0.001%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.45	+0.290%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	+0.055%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.02	−0.007%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.09	+0.039%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	146.13	+0.068%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.09	+0.044%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.137%	$789K	$3.0M	50x	as long as short