Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Arcus against Binance−0.104%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−$44as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.104%, 7d avg +0.004%

Together, before fees+0.019%+$2 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 0.109% cheaper against Binance than usual: you would sell low and buy high, −$11 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	Binance AAVEUSDT	144.10	0.0100	pay 0.0100% / 8h	3h 53m	$64.4M	$187.9M	75x
Short	Arcus AAVE-USD	143.95	0.0100	get 0.0013% / 1h	53m 15s	$64K	$200K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.004%: −$10.86
Slippage, 4 orders: −$18.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$43.53
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Arcus: live order book, 65 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 Binance live order book, 5 min ago	0.35 bp	8.3 bp −$8	14.4 bp −$144	40.6 bp −$4,063	169.5 bp −$84.7K
Sell Arcus live order book, 65 min ago	2.81 bp	6.5 bp −$7	16.7 bp −$167	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
dYdX AAVE-USD	0.0000%	1h	143.66	−0.304%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.78	−0.222%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.08	−0.014%	$220K	$402K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.04	−0.044%	$81K	—	150x	as long as short
Phemex AAVEUSDT	+0.0032%	8h	143.95	−0.104%	$4.0M	$3.7M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.955%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.71	−0.271%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.96	−0.100%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.05	−0.035%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0053%	1h	143.95	−0.104%	$847K	$398K	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	144.23	+0.092%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.82	−0.193%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.02	−0.059%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.77	−0.232%	$329K	$447K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	144.10	long leg	$64.4M	$187.9M	75x
Bybit AAVEUSDT	+0.0100%	8h	144.02	−0.056%	$61.9M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.02	−0.056%	$17.2M	$64.8M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.95	−0.104%	$64K	$200K	10x
Bulk AAVE-USD	+0.0100%	1h	143.81	−0.201%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.97	−0.090%	$8.2M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.06	−0.028%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.12	+0.014%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.99	−0.077%	$29.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.03	−0.049%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.500%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.71	−0.273%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.54	−0.391%	$462K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.75	−0.243%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.04	−0.042%	$127K	$442K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.01	−0.059%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.08	−0.014%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.20	+0.068%	$693K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.02	−0.053%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.10	+0.002%	$122K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	143.93	−0.118%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.91	−0.129%	$185K	$250K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0183%	1h	144.17	+0.048%	$338K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.01	−0.063%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	144.16	+0.040%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	144.04	−0.039%	$113K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	144.18	+0.055%	$791K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0414%	1h	144.20	+0.069%	$79.3M	$36.7M	10x	as long as short