Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.021%

Price spread now: Arcus against Binance+0.111%7-day average +0.005% · 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−$20as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.111%, 7d avg +0.005%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.106% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	144.45	0.0064	pay 0.0064% / 8h	6h 21m	$65.2M	$184.4M	75x
Short	Arcus AAVE-USD	144.61	0.0100	get 0.0013% / 1h	21m 11s	$45K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now +0.111%Rate

Funding earned: $7.65
Price spread: +0.111% → +0.005%: $10.59
Slippage, 4 orders: −$16.52
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$12.78
Costs to cover: 0.310%
Break-even: 18.7 days

Slippage from Binance: live order book, 7 min ago; Arcus: live order book, 47 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 Binance live order book, 7 min ago	0.35 bp	6.3 bp −$6	10.7 bp −$107	39.3 bp −$3,933	182.8 bp −$91.4K
Sell Arcus live order book, 47 min ago	2.39 bp	6.0 bp −$6	20.5 bp −$205	doesn't fit	doesn't fit

AAVE on 41 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	−0.0048%	1h	144.58	+0.090%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.60	+0.101%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.68	+0.156%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.48	+0.021%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.50	+0.034%	$245K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	+0.063%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.263%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.185%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.50	+0.038%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.50	+0.034%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0061%	8h	144.44	−0.007%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDTlong	+0.0064%	8h	144.45	long leg	$65.2M	$184.4M	75x
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.38	−0.049%	$17.4M	$65.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.61	+0.111%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.69	+0.169%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.55	+0.069%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	+0.136%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.52	+0.052%	$804K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.67	+0.153%	$78.3M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.63	+0.125%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.65	+0.138%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.41	−0.028%	$61.7M	$64.7M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	144.61	+0.111%	$45K	$181K	10x
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.006%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.53	+0.055%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.54	+0.062%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.42	−0.021%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.42	−0.021%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.50	+0.034%	$322K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.74	+0.201%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.81	+0.248%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.250%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.80	+0.242%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.59	+0.097%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.56	+0.073%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.50	+0.034%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.71	+0.178%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	+0.014%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.45	−0.003%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0243% / S −0.0374%	1h	144.53	+0.058%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	+0.076%	$775K	$2.8M	50x	as long as short