Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h 0.000%

Price spread now: Aster against Aevo+0.039%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1181.178% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.039%, 7d avg +0.004%

Together, before fees−0.219%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aster is 0.034% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread 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	Aevo AAVE-PERP	146.01	0.0088	pay 0.0011% / 1h	12m 04s	$123K	$146	10x
Short	Aster AAVEUSDT	146.07	0.0100	get 0.0100% / 8h	12m 04s	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.039%Rate

Funding earned: $2.52
Price spread: +0.039% → +0.004%: $3.42
Slippage, 4 orders: −$93.75
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$111.81
Costs to cover: 1.178%
Break-even: 317.6 days

Slippage from Aevo: live order book, 2 min ago; Aster: live order book, 1 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 Aevo live order book, 2 min ago	33.86 bp	48.4 bp −$48	279.1 bp −$2,791	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	3.76 bp	12.7 bp −$13	25.9 bp −$259	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	−0.0161%	1h	146.01	0.000%	$255K	$389K	50x	as long as short
SoDEX AAVE-USD	−0.0111%	1h	145.94	−0.048%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	146.02	+0.006%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	+0.171%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	+0.124%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	+0.102%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.06	+0.031%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.08	+0.050%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.199%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	146.20	+0.130%	$66.7M	$186.6M	75x	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	+0.0035%	8h	145.95	−0.041%	$29.8M	$26.1M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	+0.023%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.98	−0.021%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	146.23	+0.150%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	145.96	−0.035%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERPlong	+0.0088%	1h	146.01	long leg	$123K	$146	10x
Lighter AAVE	+0.0096%	1h	146.16	+0.100%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.10	+0.061%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.15	+0.099%	$806K	$443K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.17	+0.109%	$80.6M	$34.7M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	146.07	+0.039%	$1.4M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	146.12	+0.076%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.20	+0.130%	$62.3M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.06	+0.034%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.23	+0.152%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.98	−0.021%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.93	−0.055%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.00	−0.007%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.09	+0.054%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.36	+0.242%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.39	+0.263%	$106K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.34	+0.225%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.43	+0.287%	$136K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.13	+0.082%	$128K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.97	−0.026%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.058%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.06	+0.034%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.95	−0.043%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.11	+0.065%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	146.18	+0.116%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.07	+0.041%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.59	+0.397%	$791K	$3.0M	50x	as long as short