Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.048%

Price spread now: Arcus against OKX+0.041%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−$31as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.041%, 7d avg +0.032%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	145.92	0.0072	pay 0.0072% / 8h	20m 38s	$17.9M	$67.6M	50x
Short	Arcus AAVE-USD	145.98	0.0100	get 0.0013% / 1h	20m 38s	$51K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.041%Rate

Funding earned: $5.86
Price spread: +0.041% → +0.032%: $0.89
Slippage, 4 orders: −$17.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.49
Costs to cover: 0.322%
Break-even: 37.4 days

Slippage from OKX: live order book, 3 min ago; Arcus: live order book, 58 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 OKX live order book, 3 min ago	0.34 bp	8.8 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Arcus live order book, 58 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
SoDEX AAVE-USD	−0.0074%	1h	145.98	+0.041%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.39	+0.322%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.02	+0.069%	$255K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	145.94	+0.014%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.18	+0.176%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.18	+0.178%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.10	+0.120%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.10	+0.127%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.140%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0039%	8h	145.98	+0.041%	$29.8M	$26.0M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0040%	8h	145.96	+0.027%	$66.5M	$186.5M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.05	+0.090%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.98	+0.041%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0072%	8h	146.00	+0.055%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0072%	8h	145.92	long leg	$17.9M	$67.6M	50x
Aevo AAVE-PERP	+0.0088%	1h	145.97	+0.035%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.29	+0.252%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.08	+0.111%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.99	+0.045%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.20	+0.192%	$80.6M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.07	+0.103%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	+0.096%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.96	+0.027%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	145.98	+0.041%	$51K	$273K	10x
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.103%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.01	+0.062%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.99	+0.048%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.99	+0.048%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.18	+0.178%	$347K	$748K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.06	+0.093%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.60	−0.222%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.68	−0.164%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.78	−0.096%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.16	+0.164%	$128K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.99	+0.051%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.20	+0.192%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.09	+0.117%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.96	+0.026%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.99	+0.049%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	146.06	+0.096%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.10	+0.123%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.11	+0.130%	$789K	$3.0M	50x	as long as short