Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.002%

Price spread now: Bulk against Aster−0.003%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	144.69	0.0100	pay 0.0100% / 8h	1h 41m	$1.3M	$1.2M	50x
Short	Bulk AAVE-USD	144.69	0.0080	get 0.0010% / 1h	41m 14s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Aster. 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 AsterbpFee BulkbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$4.14
Price spread: −0.003% → 0.000%: −$0.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$19.46
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Bulk: no order-book sample. Net counts fees only.

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 Aster live order book, 2 min ago	3.80 bp	10.9 bp −$11	34.3 bp −$343	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0184%	1h	144.71	+0.014%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0096%	1h	144.63	−0.042%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0074%	1h	144.65	−0.028%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.56	−0.090%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.78	+0.065%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.77	+0.055%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.69	+0.003%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.343%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.62	−0.049%	$65.7M	$185.3M	75x	as long as short
MEXC AAVE_USDT	+0.0035%	8h	144.64	−0.035%	$31.1M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.59	−0.068%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.79	+0.066%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.63	−0.042%	$17.4M	$66.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.60	−0.062%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.76	+0.047%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0069%	8h	144.70	+0.007%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USDshort	+0.0080%	1h	144.69	−0.003%	$61K	$3K	10x
Aevo AAVE-PERP	+0.0088%	1h	144.69	+0.001%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.30	−0.270%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.85	+0.109%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.77	+0.053%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.72	+0.024%	$801K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.76	+0.048%	$79.4M	$33.9M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	144.69	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.76	+0.047%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.63	−0.042%	$61.4M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.74	+0.034%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.68	−0.007%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.60	−0.062%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.67	−0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.75	+0.041%	$382K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.94	−0.518%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.57	−0.081%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.27	−0.290%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.72	+0.021%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.68	−0.005%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.84	+0.103%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.64	−0.035%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.61	−0.058%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0138%	8h	144.69	0.000%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.68	−0.010%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.71	+0.014%	$777K	$3.0M	50x	as long as short