Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.016%

Price spread now: Arcus against Gate+0.041%7-day average +0.016% · 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−$43as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.041%, 7d avg +0.016%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.025% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	146.00	0.0054	pay 0.0054% / 8h	7h 44m	$7.9M	$15.2M	75x
Short	Arcus AAVE-USD	146.06	0.0100	get 0.0013% / 1h	44m 38s	$46K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now +0.041%Rate

Funding earned: $9.66
Price spread: +0.041% → +0.016%: $2.5
Slippage, 4 orders: −$25.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$33.03
Costs to cover: 0.452%
Break-even: 30.9 days

Slippage from Gate: live order book, 4 min ago; Arcus: live order book, 29 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 Gate live order book, 4 min ago	2.74 bp	15.3 bp −$15	29.3 bp −$293	49.1 bp −$4,912	55.1 bp −$27.5K
Sell Arcus live order book, 29 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
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.96	−0.027%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.04	+0.027%	$11K	$2K	5x	as long as short
Phemex AAVEUSDT	−0.0111%	8h	145.84	−0.110%	$4.1M	$3.8M	50x	as long as short
SoDEX AAVE-USD	−0.0084%	1h	145.86	−0.096%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.91	−0.063%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.74	−0.178%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	−0.130%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.91	−0.062%	$255K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.85	−0.101%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	145.97	−0.021%	$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 AAVEUSDT	+0.0024%	8h	145.97	−0.021%	$66.2M	$187.5M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.192%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0036%	1h	145.87	−0.089%	$136K	$230K	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.78	−0.154%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.83	−0.116%	$18K	$12K	10x	as long as short
Gate AAVE_USDTlong	+0.0054%	8h	146.00	long leg	$7.9M	$15.2M	75x
OKX AAVE-USDT-SWAP	+0.0063%	8h	145.97	−0.021%	$17.9M	$67.3M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.88	−0.086%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0093%	8h	145.82	−0.123%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.15	+0.101%	$4.7M	$1.5M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.88	−0.082%	$457K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.00	−0.002%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.75	−0.175%	$797K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.04	+0.027%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.97	−0.021%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.00	0.000%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.99	−0.007%	$62.4M	$65.9M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	146.06	+0.041%	$46K	$278K	10x
Bulk AAVE-USD	+0.0100%	1h	146.05	+0.034%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.96	−0.027%	$10.0M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.95	−0.034%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.99	−0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.02	+0.014%	$346K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.252%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.78	−0.149%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.89	−0.075%	$128K	$445K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.83	−0.114%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.93	−0.047%	$697K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.99	−0.007%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.09	+0.062%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.85	−0.105%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.94	−0.041%	$785K	$3.1M	50x	as long as short