Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Binance against Arcus−0.081%7-day average −0.007% · 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−$38as in the Price arb table

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

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.081%, 7d avg −0.007%

Together, before fees+0.252%+$25 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: Binance is 0.074% cheaper against Arcus than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	141.75	0.0100	pay 0.0013% / 1h	49m 11s	$94K	$224K	10x
Short	Binance AAVEUSDT	141.63	0.0100	get 0.0100% / 8h	7h 49m	$63.6M	$192.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.007%: −$7.38
Slippage, 4 orders: −$16.53
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.42
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Arcus: live order book, 49 min ago; Binance: live order book, 9 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 Arcus live order book, 49 min ago	2.12 bp	8.6 bp −$9	19.9 bp −$199	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.35 bp	7.9 bp −$8	13.9 bp −$139	47.7 bp −$4,774	174.8 bp −$87.4K

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	141.60	−0.105%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.57	−0.127%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.65	−0.071%	$214K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.65	−0.073%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.379%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.59	−0.111%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.61	−0.099%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	141.55	−0.141%	$4K	$99K	10x	as long as short
Phemex AAVEUSDT	+0.0096%	8h	141.57	−0.127%	$3.9M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.59	−0.114%	$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
Nado AAVE-PERP	+0.0100%	1h	141.60	−0.108%	$828K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.76	+0.007%	$77.4M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.64	−0.080%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.61	−0.096%	$330K	$391K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	141.63	−0.081%	$63.6M	$192.3M	75x
Bybit AAVEUSDT	+0.0100%	8h	141.61	−0.099%	$61.0M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.63	−0.085%	$16.6M	$65.0M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	141.75	long leg	$94K	$224K	10x
Bulk AAVE-USD	+0.0100%	1h	141.56	−0.131%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.64	−0.078%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.61	−0.099%	$22.9M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.64	−0.078%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.61	−0.099%	$28.8M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.59	−0.113%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.52	−0.161%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.24	−0.356%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.30	−0.320%	$452K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.25	−0.353%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.68	−0.049%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.64	−0.075%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.62	−0.092%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.72	−0.020%	$667K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.58	−0.120%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.65	−0.069%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.69	−0.042%	$10K	$2K	5x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.46	−0.205%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.56	−0.134%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.70	−0.038%	$178K	$296K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0232%	1h	141.56	−0.134%	$385K	$732K	10x	as long as short
Lighter AAVE	+0.0232%	1h	141.82	+0.050%	$4.5M	$2.5M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	141.68	−0.052%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.65	−0.073%	$110K	—	100x	as long as short