Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.020%

Price spread now: Binance against Aevo0.000%58s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.887% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now 0.000%, 7d avg −0.002%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	142.50	0.0104	pay 0.0013% / 1h	43m 22s	$120K	$146	10x
Short	Binance AAVEUSDT	142.50	0.0100	get 0.0100% / 8h	1h 43m	$64.2M	$192.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.84
Price spread: 0.000% → −0.002%: $0.19
Slippage, 4 orders: −$62.72
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.37
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from Aevo: live order book, just now; Binance: live order book, 15 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, just now	23.51 bp	37.3 bp −$37	187.9 bp −$1,879	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.35 bp	7.0 bp −$7	16.0 bp −$160	47.6 bp −$4,762	164.1 bp −$82.1K

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	142.51	+0.004%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.59	+0.063%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.48	−0.014%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.50	+0.001%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.888%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.44	−0.044%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0059%	1h	142.56	+0.046%	$827K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.48	−0.014%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.80	+0.211%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.53	+0.022%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.39	−0.079%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.51	+0.008%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.49	−0.007%	$325K	$449K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	142.50	0.000%	$64.2M	$192.0M	75x
Bybit AAVEUSDT	+0.0100%	8h	142.47	−0.021%	$61.3M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.46	−0.028%	$17.0M	$65.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.60	+0.070%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.269%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.47	−0.021%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.49	−0.007%	$25.0M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.49	−0.007%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.45	−0.035%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.48	−0.014%	—	$43.4M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.54	+0.028%	$335K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.112%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.55	+0.037%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.76	+0.181%	$452K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.58	+0.056%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.53	+0.021%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.47	−0.023%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.47	−0.021%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.225%	$678K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.49	−0.007%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.52	+0.017%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	142.50	long leg	$120K	$146	10x
01 Exchange AAVEUSD	+0.0136%	1h	142.55	+0.035%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0198%	1h	142.62	+0.084%	$78.0M	$37.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.77	+0.189%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.52	+0.014%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.55	+0.033%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.70	+0.140%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.59	+0.064%	$3.4M	$2.1M	50x	as long as short