Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against edgeX−0.042%7-day average +0.021% · 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−$39as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.042%, 7d avg +0.021%

Together, before fees−0.034%+ Points / potential airdropedgeX: Active · farm board−$3 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 0.063% cheaper against edgeX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	145.08	0.0100	pay 0.0050% / 4h	1h 17m	$104K	$316K	20x
Short	Arcus AAVE-USD	145.02	0.0100	get 0.0013% / 1h	17m 32s	$50K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.021%: −$6.33
Slippage, 4 orders: −$18.83
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$38.66
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from edgeX: live order book, 66 min ago; Arcus: live order book, 1 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 edgeX live order book, 66 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit
Sell Arcus live order book, 1 min ago	2.41 bp	7.1 bp −$7	20.4 bp −$204	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
01 Exchange AAVEUSD	−0.0144%	1h	145.01	−0.049%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0095%	1h	145.08	−0.001%	$255K	$465K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.03	−0.035%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0041%	1h	145.06	−0.015%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.06	−0.018%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.09	+0.006%	$68K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.13	+0.031%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.598%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	144.98	−0.070%	$30.8M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0036%	8h	144.98	−0.068%	$66.1M	$185.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.04	−0.031%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.06	−0.016%	$180K	$243K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.05	−0.022%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.97	−0.077%	$17.5M	$66.6M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.17	+0.062%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	145.00	−0.056%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.09	+0.004%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.21	+0.088%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0098%	8h	145.13	+0.032%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.94	−0.096%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.99	−0.063%	$802K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.11	+0.020%	$79.7M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.08	−0.003%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.00	−0.055%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.00	−0.056%	$61.6M	$65.8M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	145.02	−0.042%	$50K	$273K	10x
Bulk AAVE-USD	+0.0100%	1h	145.07	−0.005%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.98	−0.070%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.01	−0.049%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.00	−0.056%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.10	+0.013%	$347K	$726K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.06	−0.017%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	145.08	long leg	$104K	$316K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	145.08	−0.001%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.12	+0.027%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.06	−0.013%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.25	+0.118%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.04	−0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.98	−0.069%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0146%	8h	145.14	+0.040%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.13	+0.032%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.015%	$787K	$3.0M	50x	as long as short