Settings8H · net · $10k
Funding arb · Price arb /

AAVE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.036%
Price spread now: 01 Exchange against Arcus−0.120%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: 01 Exchange is 0.120% cheaper against Arcus than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus AAVE-USD142.230.0100pay 0.0013% / 1h27m 56s$63K$198K10x
Short01 Exchange AAVEUSD142.060.0104get 0.0013% / 1h27m 56s$10K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$0.84
Price spread: −0.120% → 0.000%
−$11.95
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$22.61
Costs to cover
0.115%
Break-even
195.4 days
Slippage unknown: Arcus: live order book, 20 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 20 min ago2.44 bp7.3 bp −$719.5 bp −$195doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX AAVE-USD0.0000%1h142.16−0.052%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.96−0.190%$52K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h142.03−0.141%$216K$394K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.98−0.175%$79K150xas long as short
Nado AAVE-PERP+0.0027%1h141.98−0.176%$827K$400K10xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.705%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.94−0.205%20xas long as short
Orderly PERP_AAVE_USDC+0.0068%8h141.99−0.169%$18K$10K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h142.10−0.091%$13K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h142.04−0.133%$1.2M$1.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica AAVE+0.0100%1h142.16−0.050%$325K$447K10xas long as short
Binance AAVEUSDT+0.0100%8h141.98−0.176%$63.5M$190.4M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.94−0.204%$60.8M$68.4M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.92−0.218%$17.0M$64.4M50xas long as short
Arcus AAVE-USDlong+0.0100%1h142.23long leg$63K$198K10x
Bulk AAVE-USD+0.0100%1h142.34+0.076%$57K−$010xas long as short
Gate AAVE_USDT+0.0100%8h142.11−0.084%$8.0M$16.1M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.97−0.183%$25.0M$24.1M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.97−0.183%$10.2M$9.4M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.92−0.218%$29.0M$18.4M75xas long as short
BingX AAVE-USDT+0.0100%8h141.95−0.197%$43.5Mas long as short
Variational Omni AAVE+0.0100%8h141.93−0.209%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h142.32+0.062%$105K$282K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h142.06−0.117%$445K$3.9M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h142.28+0.035%$132K$222K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h142.04−0.134%$140K$468K10xas long as short
SunX AAVE-USDT+0.0100%8h142.13−0.070%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h142.01−0.155%$5K$313K10xas long as short
HTX AAVE-USDT+0.0100%8h142.46+0.158%$681K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h142.04−0.134%$4.0M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h141.91−0.228%$905K$1.7M50xas long as short
01 Exchange AAVEUSDshort+0.0104%1h142.06−0.120%$10K$2K5x
Aevo AAVE-PERP+0.0104%1h142.07−0.111%$120K$14610xas long as short
Hyperliquid AAVE+0.0108%1h142.25+0.014%$77.8M$37.1M10xas long as short
Phoenix AAVE+0.0118%1h142.14−0.063%$4K$106K10xas long as short
Backpack AAVE_USDC_PERP+0.0152%1h142.20−0.021%$337K$730K10xas long as short
RISEx AAVE/USDC+0.0207%1h142.07−0.115%$190K$253K10xas long as short
BloFin AAVE-USDT+0.0220%8h142.37+0.098%$3.3M$3.5M100xas long as short
Kraken Futures PF_AAVEUSD+0.0238%1h142.07−0.114%$3.4M$2.1M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h141.94−0.206%$111K100xas long as short
Lighter AAVE+0.0296%1h142.25+0.011%$4.5M$2.4M10xas long as short
Coinbase International AAVE-PERP-INTX+0.0376%1h142.08−0.105%$765K$2.8M50xas long as short