Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Pacifica−0.008%7-day average −0.001% · 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−$34as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.008%, 7d avg −0.001%

Together, before fees−0.030%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	142.96	0.0100	pay 0.0013% / 1h	43m 59s	$327K	$447K	10x
Short	Arcus AAVE-USD	142.95	0.0100	get 0.0013% / 1h	43m 59s	$64K	$199K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.001%: −$0.71
Slippage, 4 orders: −$20.43
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$33.64
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Arcus: live order book, 4 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 Pacifica live order book, 5 min ago	3.48 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	2.44 bp	8.2 bp −$8	24.0 bp −$240	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
Nado AAVE-PERP	−0.0043%	1h	142.88	−0.057%	$832K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.89	−0.050%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.05	+0.062%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.94	−0.015%	$218K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.90	−0.041%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.198%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.87	−0.067%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0064%	8h	142.89	−0.050%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0072%	8h	142.86	−0.071%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	142.89	−0.050%	$10K	$2K	5x	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	142.89	−0.051%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.09	+0.090%	$78.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.93	−0.023%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	142.96	long leg	$327K	$447K	10x
Binance AAVEUSDT	+0.0100%	8h	142.87	−0.065%	$63.8M	$189.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.75	−0.148%	$61.2M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.73	−0.162%	$17.1M	$64.5M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	142.95	−0.008%	$64K	$199K	10x
Bulk AAVE-USD	+0.0100%	1h	142.94	−0.017%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.91	−0.036%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.76	−0.141%	$25.6M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.79	−0.120%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.80	−0.113%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.89	−0.050%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.88	−0.057%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.12	+0.109%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.11	+0.104%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.13	+0.118%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.97	+0.006%	$134K	$453K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.90	−0.043%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.90	−0.043%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.03	+0.050%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.68	−0.196%	$908K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.93	−0.025%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0114%	1h	143.03	+0.048%	$336K	$727K	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.34	+0.264%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.90	−0.042%	$186K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.96	−0.001%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	142.97	+0.005%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.90	−0.042%	$112K	—	100x	as long as short
Lighter AAVE	+0.0368%	1h	143.11	+0.106%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.04	+0.055%	$791K	$2.8M	50x	as long as short