Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%

Price spread now: Bitget against Aevo−0.017%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1591.588% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.525%−$52 · spread now −0.017%, 7d avg −0.028%

Together, before fees−0.576%−$58 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	142.57	0.0104	pay 0.0013% / 1h	54m 27s	$120K	$146	10x
Short	Bitget AAVEUSDT	142.55	0.0100	get 0.0100% / 8h	4h 54m	$29.1M	$18.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$0.84
Price spread: −0.017% → −0.028%: $1.08
Slippage, 4 orders: −$130.84
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$158.6
Costs to cover: 1.588%
Break-even: never at this rate

Slippage from Aevo: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	42.45 bp	60.1 bp −$60	269.4 bp −$2,694	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.35 bp	9.1 bp −$9	14.4 bp −$144	30.3 bp −$3,027	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	−0.0136%	1h	142.62	+0.032%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0020%	1h	142.54	−0.024%	$5K	$303K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.65	+0.054%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.44	−0.094%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.58	+0.004%	$225K	$395K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.69	+0.085%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.938%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.65	+0.055%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.53	−0.031%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0054%	1h	142.60	+0.017%	$835K	$438K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0065%	1h	142.29	−0.199%	$132K	$219K	50x	as long as short
Phoenix AAVE	+0.0089%	1h	142.93	+0.250%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.75	+0.123%	$4.5M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.62	+0.030%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.76	+0.128%	$77.1M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.64	+0.046%	$1.3M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.66	+0.063%	$324K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.64	+0.046%	$64.0M	$184.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.56	−0.010%	$61.2M	$65.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.52	−0.038%	$17.0M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	+0.081%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.63	+0.039%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.62	+0.032%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.68	+0.074%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	142.55	−0.017%	$29.1M	$18.3M	75x
BingX AAVE-USDC	+0.0100%	8h	142.62	+0.032%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.77	+0.138%	$347K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.65	+0.054%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.24	−0.232%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	−0.298%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.71	+0.095%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.46	−0.077%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.63	+0.041%	$686K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.60	+0.018%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.072%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.57	−0.005%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	142.57	long leg	$120K	$146	10x
RISEx AAVE/USDC	+0.0136%	1h	142.73	+0.107%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.53	−0.031%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.67	+0.068%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.62	+0.035%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.173%	$774K	$2.8M	50x	as long as short