Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Gate against Pacifica+0.255%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.255%, 7d avg −0.019%

Together, before fees−0.441%+ Points / potential airdropPacifica: Active · farm board−$44 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: Gate is 0.274% dearer against Pacifica than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	142.03	0.0100	pay 0.0013% / 1h	32m 56s	$325K	$448K	10x
Short	Gate AAVE_USDT	142.39	0.0100	get 0.0100% / 8h	4h 32m	$8.0M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → −0.019%: $27.37
Slippage, 4 orders: −$16.67
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$12.31
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Pacifica: live order book, 26 min ago; Gate: live order book, 1 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, 26 min ago	3.86 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.05 bp	9.9 bp −$10	28.2 bp −$282	42.1 bp −$4,215	46.8 bp −$23.4K

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
01 Exchange AAVEUSD	−0.0160%	1h	142.08	+0.037%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.03	−0.001%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.79	−0.168%	$43K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.30	+0.192%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.25	+0.156%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0019%	1h	142.05	+0.019%	$837K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.568%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.19	+0.115%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	142.28	+0.177%	$18K	$10K	10x	as long as short
SoDEX AAVE-USD	+0.0048%	1h	142.30	+0.192%	$5K	$299K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	141.63	−0.280%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.39	+0.253%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.08	+0.037%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.45	+0.297%	$76.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.42	+0.278%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	142.03	long leg	$325K	$448K	10x
Binance AAVEUSDT	+0.0100%	8h	142.37	+0.238%	$63.7M	$186.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.37	+0.241%	$60.8M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.37	+0.241%	$17.1M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.18	+0.107%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.375%	$57K	$2K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	142.39	+0.255%	$8.0M	$15.8M	75x
MEXC AAVE_USDT	+0.0100%	8h	142.38	+0.248%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.37	+0.241%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.28	+0.177%	$28.9M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.35	+0.227%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.46	+0.304%	$335K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.38	−0.456%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.50	−0.369%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.58	−0.315%	$454K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.57	−0.322%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.24	+0.149%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.06	+0.021%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.301%	$685K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.22	+0.135%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.33	+0.215%	$892K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.31	+0.199%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.16	+0.095%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.22	+0.135%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.25	+0.157%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.39	+0.256%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.43	+0.283%	$789K	$2.8M	50x	as long as short