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 +0.003%

Price spread now: Arcus against Aster−0.066%7-day average −0.004% · 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−$43as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.066%, 7d avg −0.004%

Together, before fees−0.159%+ Points / potential airdropAster: Stage 5 · farm board−$16 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 0.062% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	143.34	0.0100	pay 0.0100% / 8h	5h 38m	$1.3M	$1.2M	50x
Short	Arcus AAVE-USD	143.25	0.0100	get 0.0013% / 1h	38m 23s	$44K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.004%: −$6.24
Slippage, 4 orders: −$23.88
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$42.62
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Arcus: live order book, 25 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 Aster live order book, 5 min ago	4.17 bp	10.6 bp −$11	32.7 bp −$327	doesn't fit	doesn't fit
Sell Arcus live order book, 25 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
01 Exchange AAVEUSD	−0.0064%	1h	143.20	−0.101%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.22	−0.085%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.34	−0.003%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.16	−0.129%	$238K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.18	−0.113%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.454%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.12	−0.157%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.13	−0.153%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0088%	1h	143.13	−0.153%	$830K	$431K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.55	+0.143%	$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	143.46	+0.081%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.15	−0.136%	$17.1M	$63.2M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.28	−0.043%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.26	−0.059%	$77.5M	$35.3M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	143.34	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	143.32	−0.020%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.15	−0.137%	$64.1M	$182.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.17	−0.122%	$61.2M	$64.2M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.25	−0.066%	$44K	$179K	10x
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.148%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.23	−0.080%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.22	−0.087%	$25.9M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.22	−0.087%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.13	−0.150%	$30.0M	$17.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.15	−0.136%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.25	−0.066%	$319K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	+0.099%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.52	+0.120%	$103K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.304%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.304%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.15	−0.136%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.22	−0.086%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.13	−0.150%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.25	−0.069%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.23	−0.080%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.10	−0.170%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.16	−0.126%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.27	−0.054%	$189K	$234K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.11	−0.164%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.17	−0.124%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.24	−0.071%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.47	+0.088%	$776K	$2.8M	50x	as long as short