Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.019%

Price spread now: Binance against Pacifica−0.006%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$290.294% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.006%, 7d avg −0.006%

Together, before fees−0.049%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, 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	Pacifica AAVE	144.16	0.0100	pay 0.0013% / 1h	17m 23s	$328K	$505K	10x
Short	Binance AAVEUSDT	144.15	0.0048	get 0.0048% / 8h	2h 17m	$65.6M	$184.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.006%Rate

Funding earned: −$10.86
Price spread: −0.006% → −0.006%: $0.01
Slippage, 4 orders: −$11.42
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.27
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Pacifica: live order book, 6 min ago; Binance: live order book, 11 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, 6 min ago	3.46 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.35 bp	8.0 bp −$8	16.2 bp −$162	50.7 bp −$5,066	169.5 bp −$84.8K

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
Deribit AAVE_USDC-PERPETUAL	−0.0304%	1h	144.33	+0.119%	$253K	$488K	50x	as long as short
SoDEX AAVE-USD	−0.0186%	1h	144.29	+0.092%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	144.24	+0.057%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	+0.078%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.27	+0.076%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.24	+0.057%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.23	+0.049%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.43	+0.192%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.993%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.17	+0.011%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.15	−0.006%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDTshort	+0.0048%	8h	144.15	−0.006%	$65.6M	$184.7M	75x
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.19	+0.022%	$17.4M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.18	+0.015%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.19	+0.022%	$7.7M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0055%	1h	144.42	+0.182%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0085%	8h	144.18	+0.013%	$455K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0089%	1h	144.18	+0.015%	$800K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.32	+0.113%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.34	+0.126%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.24	+0.054%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.18	+0.017%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.32	+0.115%	$80.2M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.26	+0.068%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	144.16	long leg	$328K	$505K	10x
Bybit AAVEUSDT	+0.0100%	8h	144.20	+0.029%	$61.3M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.20	+0.029%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.25	+0.064%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.20	+0.029%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.18	+0.015%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	+0.175%	$377K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+0.076%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.14	−0.013%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.28	+0.085%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.29	+0.090%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.33	+0.117%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.25	+0.064%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.123%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.17	+0.007%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0170%	8h	144.19	+0.022%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.140%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.23	+0.053%	$124K	—	100x	as long as short