Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.054%

Price spread now: Arcus against SoDEX+0.055%7-day average +0.025% · 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−$24as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on SoDEX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.055%, 7d avg +0.025%

Together, before fees−0.029%−$3 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: Arcus is 0.030% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	144.52	0.0100	pay 0.0013% / 1h	48m 49s	$5K	$302K	10x
Short	Arcus AAVE-USD	144.60	0.0100	get 0.0013% / 1h	48m 49s	$45K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. 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 SoDEXbpFee ArcusbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.025%: $3.04
Slippage, 4 orders: −$14.21
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.67
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from SoDEX: live order book, 20 min ago; Arcus: live order book, 20 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 SoDEX live order book, 20 min ago	0.34 bp	5.3 bp −$5	10.8 bp −$108	99.6 bp −$9,961	doesn't fit
Sell Arcus live order book, 20 min ago	2.39 bp	6.0 bp −$6	20.5 bp −$205	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
Deribit AAVE_USDC-PERPETUAL	−1.9743%	1h	141.66	−1.979%	$246K	$362K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0166%	1h	144.26	−0.180%	$134K	$230K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	144.59	+0.048%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.62	+0.071%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.59	+0.051%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.51	−0.007%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.56	+0.030%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.111%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.231%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	144.72	+0.138%	$27.7M	$24.7M	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	+0.0037%	8h	144.69	+0.118%	$65.3M	$185.5M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.53	+0.007%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.52	+0.002%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	144.64	+0.083%	$17.5M	$66.2M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.53	+0.010%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.62	+0.070%	$183K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.76	+0.170%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.53	+0.006%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.57	+0.038%	$800K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.65	+0.090%	$78.6M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.69	+0.115%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.60	+0.054%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.70	+0.125%	$61.9M	$65.2M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	144.60	+0.055%	$45K	$236K	10x
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.028%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.71	+0.131%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.76	+0.166%	$10.9M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.65	+0.090%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.70	+0.125%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.69	+0.118%	$325K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.23	−0.199%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.86	−0.455%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.95	−0.396%	$455K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.58	+0.042%	$126K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.53	+0.005%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	144.52	long leg	$5K	$302K	10x
HTX AAVE-USDT	+0.0100%	8h	145.07	+0.381%	$704K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.59	+0.048%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.65	+0.090%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.007%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.54	+0.013%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.78	+0.180%	$777K	$2.8M	50x	as long as short