Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Aster against Arcus−0.008%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.008%, 7d avg +0.005%

Together, before fees+0.155%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	144.31	0.0100	pay 0.0013% / 1h	17m 56s	$50K	$273K	10x
Short	Aster AAVEUSDT	144.30	0.0100	get 0.0100% / 8h	2h 17m	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.005%: −$1.27
Slippage, 4 orders: −$20.84
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.6
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Aster: live order book, 5 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 Arcus live order book, 5 min ago	1.38 bp	9.4 bp −$9	25.4 bp −$254	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	4.16 bp	8.8 bp −$9	21.8 bp −$218	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	−0.0304%	1h	144.33	+0.014%	$253K	$488K	50x	as long as short
SoDEX AAVE-USD	−0.0186%	1h	144.29	−0.014%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	144.36	+0.035%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.53	+0.152%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.27	−0.029%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.24	−0.049%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.37	+0.043%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.43	+0.086%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.093%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.29	−0.017%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0048%	8h	144.21	−0.069%	$65.6M	$184.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.16	−0.104%	$17.4M	$66.0M	50x	as long as short
MEXC AAVE_USDT	+0.0049%	8h	144.16	−0.104%	$31.3M	$26.3M	200x	as long as short
Gate AAVE_USDT	+0.0050%	8h	144.26	−0.035%	$7.7M	$15.9M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.29	−0.014%	$18K	$12K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0055%	1h	144.42	+0.076%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.39	+0.054%	$460K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0088%	1h	144.25	−0.042%	$800K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.50	+0.130%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.34	+0.021%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.38	+0.046%	$180K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.23	−0.056%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.40	+0.062%	$80.2M	$33.1M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	144.30	−0.008%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.28	−0.021%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.22	−0.062%	$61.3M	$65.4M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	144.31	long leg	$50K	$273K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	144.22	−0.062%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.20	−0.076%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.26	−0.035%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	+0.069%	$377K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	−0.030%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.29	−0.016%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.38	+0.049%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.29	−0.015%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.33	+0.011%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.25	−0.042%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.017%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.14	−0.121%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0170%	8h	144.19	−0.083%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.035%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.36	+0.033%	$124K	—	100x	as long as short