Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.4% APRpaid last 24h −0.017%

Price spread now: Arcus against BloFin+0.007%7-day average +0.001% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.007%, 7d avg +0.001%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	143.40	0.0167	pay 0.0167% / 8h	2h 06m	$3.4M	$5.3M	100x
Short	Arcus AAVE-USD	143.41	0.0100	get 0.0013% / 1h	6m 27s	$50K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$14.17
Price spread: +0.007% → +0.001%: $0.61
Slippage, 4 orders: −$13.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$43.13
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Arcus: live order book, 17 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 BloFin live order book, 2 min ago	0.69 bp	6.9 bp −$7	13.1 bp −$131	29.3 bp −$2,931	doesn't fit
Sell Arcus live order book, 17 min ago	1.38 bp	6.4 bp −$6	20.8 bp −$208	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
Deribit AAVE_USDC-PERPETUAL	−0.0377%	1h	143.45	+0.035%	$252K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0136%	1h	143.37	−0.021%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	143.38	−0.014%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.488%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.54	+0.101%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.83	+0.300%	$70K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.47	+0.052%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.52	+0.085%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.491%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.36	−0.029%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0047%	8h	143.35	−0.035%	$30.9M	$26.4M	200x	as long as short
Binance AAVEUSDT	+0.0047%	8h	143.37	−0.021%	$65.3M	$185.2M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.38	−0.014%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.39	−0.007%	$17.3M	$65.8M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	144.02	+0.432%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	143.40	0.000%	$7.7M	$16.0M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.401%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.07	+0.467%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.56	+0.114%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.45	+0.034%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.46	+0.039%	$178K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.43	+0.018%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.41	+0.010%	$796K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.48	+0.056%	$79.3M	$33.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.47	+0.049%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.40	0.000%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.40	0.000%	$61.0M	$65.5M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.41	+0.007%	$50K	$273K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	143.42	+0.014%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.30	−0.070%	$29.8M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.38	−0.014%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.52	+0.084%	$379K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	+0.426%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.06	+0.460%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.45	+0.035%	$125K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.39	−0.010%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.103%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.53	+0.091%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.35	−0.033%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDTlong	+0.0167%	8h	143.40	long leg	$3.4M	$5.3M	100x
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.91	+0.356%	$770K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.45	+0.036%	$123K	—	100x	as long as short