Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.013%

Price spread now: BloFin against Aevo−0.010%53s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as 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−$900.903% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.010%, 7d avg 0.000%

Together, before fees+0.228%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	143.93	0.0104	pay 0.0013% / 1h	41m 47s	$122K	$146	10x
Short	BloFin AAVE-USDT	143.92	0.0220	get 0.0220% / 8h	5h 41m	$3.4M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $24.36
Price spread: −0.010% → 0.000%: −$0.98
Slippage, 4 orders: −$62.31
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$66.93
Costs to cover: 0.903%
Break-even: 26.2 days

Slippage from Aevo: live order book, 22 min ago; BloFin: live order book, 67 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, 22 min ago	21.82 bp	37.6 bp −$38	194.2 bp −$1,942	doesn't fit	doesn't fit
Sell BloFin live order book, 67 min ago	0.69 bp	7.0 bp −$7	15.3 bp −$153	43.4 bp −$4,338	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	−0.0064%	1h	143.91	−0.017%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.47	−0.322%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.87	−0.045%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.92	−0.010%	$239K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.95	+0.013%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.846%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.87	−0.045%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.90	−0.027%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.316%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	143.90	−0.024%	$835K	$431K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.45	−0.337%	$17.2M	$63.4M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.59	−0.238%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.92	−0.012%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.61	−0.226%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.65	−0.195%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.45	−0.336%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.44	−0.344%	$64.3M	$183.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.47	−0.323%	$61.3M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	+0.011%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.263%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.57	−0.253%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.55	−0.267%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.63	−0.212%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.46	−0.330%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.55	−0.267%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.90	−0.024%	$321K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.392%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.46	−0.332%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.668%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.56	−0.260%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.94	+0.004%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.91	−0.017%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.93	−0.003%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.02	+0.059%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.85	−0.059%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.51	−0.293%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	143.93	long leg	$122K	$146	10x
RISEx AAVE/USDC	+0.0195%	1h	143.97	+0.025%	$196K	$231K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	143.92	−0.010%	$3.4M	$3.5M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.95	+0.014%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.01	+0.053%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.09	+0.108%	$780K	$2.8M	50x	as long as short