Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.037%

Price spread now: Coinbase International against Aster+0.088%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now +0.088%, 7d avg +0.053%

Together, before fees+0.222%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.035% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	144.23	0.0100	pay 0.0100% / 8h	2h 17m	$1.3M	$1.2M	50x
Short	Coinbase International AAVE-PERP-INTX	144.36	0.0248	get 0.0031% / 1h	17m 19s	$777K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.088%Rate

Funding earned: $31.08
Price spread: +0.088% → +0.053%: $3.49
Slippage, 4 orders: −$29.56
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.99
Costs to cover: 0.476%
Break-even: 9.9 days

Slippage from Aster: live order book, 1 min ago; Coinbase International: live order book, 2 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 Aster live order book, 1 min ago	3.47 bp	9.8 bp −$10	35.9 bp −$359	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	5.88 bp	14.1 bp −$14	18.1 bp −$181	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	−0.0374%	1h	144.19	−0.030%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0184%	1h	144.18	−0.037%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	144.24	+0.005%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	+0.026%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.27	+0.025%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.16	−0.050%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.23	−0.003%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.30	+0.046%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.042%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.17	−0.041%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.15	−0.057%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0048%	8h	144.16	−0.050%	$65.6M	$184.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.19	−0.030%	$17.4M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.18	−0.037%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.19	−0.030%	$7.7M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0055%	1h	144.42	+0.130%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0085%	8h	144.18	−0.038%	$455K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0089%	1h	144.18	−0.037%	$800K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.38	+0.099%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.19	−0.030%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.24	+0.003%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.18	−0.035%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.32	+0.063%	$80.2M	$33.1M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	144.23	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.16	−0.052%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.20	−0.023%	$61.3M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.20	−0.023%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.25	+0.012%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.20	−0.023%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.18	−0.037%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	+0.123%	$377K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+0.024%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.14	−0.065%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.28	+0.033%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.17	−0.045%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.45	+0.151%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.14	−0.064%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.071%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.16	−0.048%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0168%	8h	144.18	−0.037%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0248%	1h	144.36	+0.088%	$777K	$3.0M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.23	+0.001%	$124K	—	100x	as long as short