Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Arcus against BingX+0.021%7-day average +0.021% · 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−$32as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on BingX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.021%, 7d avg +0.021%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDT	143.72	0.0100	pay 0.0100% / 8h	2h 14m	—	$43.6M	—
Short	Arcus AAVE-USD	143.75	0.0100	get 0.0013% / 1h	14m 05s	$64K	$198K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BingX. 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 BingXbpFee ArcusbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.021%: −$0.04
Slippage, 4 orders: −$17.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$32.11
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Arcus: live order book, 34 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 BingX live order book, 10 min ago	2.11 bp	7.1 bp −$7	9.9 bp −$99	20.1 bp −$2,010	48.5 bp −$24.2K
Sell Arcus live order book, 34 min ago	2.44 bp	8.2 bp −$8	24.0 bp −$240	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
dYdX AAVE-USD	0.0000%	1h	143.58	−0.096%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.55	−0.118%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.70	−0.014%	$219K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.66	−0.039%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0023%	1h	143.62	−0.070%	$838K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.704%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.62	−0.071%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.67	−0.035%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0093%	8h	143.68	−0.028%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.61	−0.073%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	143.77	+0.033%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.63	−0.061%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.76	+0.028%	$64.6M	$191.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.74	+0.014%	$61.7M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.72	0.000%	$17.3M	$65.4M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.75	+0.021%	$64K	$198K	10x
Bulk AAVE-USD	+0.0100%	1h	142.28	−1.002%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.73	+0.007%	$8.1M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.75	+0.021%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.77	+0.035%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.73	+0.007%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDTlong	+0.0100%	8h	143.72	long leg	—	$43.6M	—
Variational Omni AAVE	+0.0100%	8h	143.41	−0.215%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.49	−0.157%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.47	−0.174%	$457K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.59	−0.090%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.71	−0.007%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.75	+0.018%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.74	+0.014%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.91	+0.132%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.69	−0.023%	$911K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.73	+0.005%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.69	−0.021%	$11K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0115%	1h	143.92	+0.139%	$78.6M	$37.2M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.58	−0.097%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0161%	1h	143.83	+0.077%	$341K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.70	−0.011%	$195K	$257K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.58	−0.097%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.84	+0.087%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0248%	1h	143.95	+0.162%	$4.6M	$2.5M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.66	−0.044%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.78	+0.042%	$768K	$2.9M	50x	as long as short