Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.038%

Price spread now: SoDEX against Arcus−0.119%7-day average −0.031% · 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−$35as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Arcus Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.119%, 7d avg −0.031%

Together, before fees+0.091%+$9 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: SoDEX is 0.089% cheaper against Arcus than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	142.64	0.0100	pay 0.0013% / 1h	45m 27s	$64K	$197K	10x
Short	SoDEX AAVE-USD	142.47	0.0100	get 0.0013% / 1h	45m 27s	$5K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Arcus. 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 ArcusbpFee SoDEXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.031%: −$8.85
Slippage, 4 orders: −$13.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$34.76
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Arcus: live order book, 63 min ago; SoDEX: live order book, 63 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 Arcus live order book, 63 min ago	2.44 bp	7.3 bp −$7	19.5 bp −$195	doesn't fit	doesn't fit
Sell SoDEX live order book, 63 min ago	0.35 bp	5.3 bp −$5	10.1 bp −$101	99.7 bp −$9,970	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
dYdX AAVE-USD	0.0000%	1h	142.39	−0.173%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.42	−0.154%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.41	−0.161%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.76	+0.086%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.982%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.69	+0.033%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0048%	1h	142.68	+0.032%	$827K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.43	−0.147%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.463%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.48	−0.111%	$4.5M	$2.4M	10x	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	142.36	−0.195%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.79	+0.102%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.45	−0.134%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.80	+0.109%	$64.3M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.73	+0.063%	$61.4M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.71	+0.049%	$17.0M	$65.5M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	142.64	long leg	$64K	$197K	10x
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.170%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.50	−0.098%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.75	+0.077%	$25.0M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.79	+0.105%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.73	+0.063%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.76	+0.084%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.52	−0.084%	$335K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.210%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.69	+0.036%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.76	+0.082%	$452K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.70	+0.042%	$133K	$223K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.80	+0.112%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.50	−0.101%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	142.47	−0.119%	$5K	$311K	10x
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.128%	$678K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.40	−0.168%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.48	−0.110%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.45	−0.136%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	142.62	−0.014%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0219%	1h	142.86	+0.154%	$78.1M	$37.2M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.65	+0.007%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.78	+0.096%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.60	−0.030%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.62	−0.014%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.48	−0.114%	$3.4M	$2.1M	50x	as long as short