Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%

Price spread now: Arcus against Bybit+0.118%7-day average +0.032% · 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−$330.327% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.118%, 7d avg +0.032%

Together, before fees−0.215%−$22 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 0.087% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	143.58	0.0100	pay 0.0100% / 8h	5h 12m	$61.3M	$64.1M	75x
Short	Arcus AAVE-USD	143.75	0.0100	get 0.0013% / 1h	12m 04s	$44K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.032%: $8.66
Slippage, 4 orders: −$17.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$24
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Arcus: live order book, 51 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 Bybit live order book, 2 min ago	0.35 bp	8.7 bp −$9	15.6 bp −$156	63.7 bp −$6,367	doesn't fit
Sell Arcus live order book, 51 min ago	2.42 bp	6.8 bp −$7	25.0 bp −$250	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	−0.0376%	1h	143.61	+0.021%	$228K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.71	+0.091%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.74	+0.109%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.71	+0.091%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.73	+0.107%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.611%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.64	+0.045%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.66	+0.056%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.78	+0.139%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	+0.341%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.77	+0.134%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.75	+0.119%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	+0.098%	$77.7M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.77	+0.135%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.79	+0.145%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.57	−0.007%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	143.58	long leg	$61.3M	$64.1M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.59	+0.007%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.75	+0.118%	$44K	$179K	10x
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.344%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.59	+0.007%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.60	+0.014%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.64	+0.042%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.65	+0.049%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.59	+0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.65	+0.049%	$320K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.485%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.531%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	+0.564%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.571%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.74	+0.111%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.74	+0.112%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.63	+0.035%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.76	+0.125%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.67	+0.063%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.62	+0.026%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.69	+0.080%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.78	+0.138%	$186K	$236K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.85	+0.188%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.72	+0.099%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.72	+0.097%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.02	+0.306%	$783K	$2.8M	50x	as long as short