Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: BingX against Arcus−0.007%45s7-day average −0.020% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.277% of the position

Long on Arcus Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.007%, 7d avg −0.020%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	144.31	0.0100	pay 0.0013% / 1h	20m 48s	$50K	$273K	10x
Short	BingX AAVE-USDT	144.30	0.0100	get 0.0100% / 8h	2h 20m	—	$43.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.020%: $1.35
Slippage, 4 orders: −$13.23
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.37
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	1.38 bp	9.4 bp −$9	25.4 bp −$254	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.69 bp	6.2 bp −$6	9.3 bp −$93	19.4 bp −$1,937	46.5 bp −$23.3K

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	−0.0373%	1h	144.34	+0.021%	$248K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0197%	1h	144.30	−0.007%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.30	−0.007%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.53	+0.152%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.47	+0.111%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.25	−0.042%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.40	+0.061%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.44	+0.089%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.093%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.16	−0.102%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.32	+0.007%	$17.4M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0050%	1h	144.35	+0.028%	$134K	$229K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.30	−0.007%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0052%	8h	144.30	−0.007%	$7.7M	$15.9M	75x	as long as short
Binance AAVEUSDT	+0.0053%	8h	144.27	−0.027%	$65.7M	$184.5M	75x	as long as short
MEXC AAVE_USDT	+0.0054%	8h	144.27	−0.028%	$31.4M	$26.3M	200x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.39	+0.054%	$460K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0092%	1h	144.35	+0.029%	$801K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.36	+0.036%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.33	+0.014%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.35	+0.030%	$180K	$243K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.33	+0.015%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.38	+0.049%	$80.2M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.36	+0.035%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.38	+0.051%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.32	+0.007%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	144.31	long leg	$50K	$273K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	144.35	+0.028%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.29	−0.014%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	144.30	−0.007%	—	$43.9M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.44	+0.090%	$377K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.388%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.40	+0.064%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.37	+0.042%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.16	−0.107%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.47	+0.110%	$719K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.32	+0.007%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.017%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.28	−0.023%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0173%	8h	144.37	+0.042%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.035%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.39	+0.057%	$124K	—	100x	as long as short