Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.286%

Price spread now: Deribit against Aster−0.049%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.470%−$47 on $10k

Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.049%, 7d avg −0.031%

Together, before fees−0.184%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$3 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	142.64	0.0100	pay 0.0100% / 8h	4h 05m	$1.2M	$1.3M	50x
Short	Deribit AAVE_USDC-PERPETUAL	142.57	0	get 0.0000% / 1h	5m 11s	$219K	$401K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$21
Price spread: −0.049% → −0.031%: −$1.83
Slippage, 4 orders: −$29.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$67.38
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Deribit: live order book, 49 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, 3 min ago	3.85 bp	11.0 bp −$11	26.2 bp −$262	doesn't fit	doesn't fit
Sell Deribit live order book, 49 min ago	5.26 bp	9.1 bp −$9	doesn't fit	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
01 Exchange AAVEUSD	−0.0136%	1h	142.69	+0.035%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.72	+0.057%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.68	+0.028%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	142.57	−0.049%	$219K	$401K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.61	−0.020%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0010%	1h	142.64	+0.004%	$839K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.982%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.56	−0.055%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	142.55	−0.063%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.01	+0.259%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0071%	1h	142.55	−0.063%	$5K	$302K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.68	+0.025%	$4.5M	$2.0M	10x	as long as short
Phemex AAVEUSDT	+0.0098%	8h	142.62	−0.014%	$4.0M	$3.7M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.73	+0.065%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.78	+0.098%	$77.6M	$36.1M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	142.64	long leg	$1.2M	$1.3M	50x
Pacifica AAVE	+0.0100%	1h	142.70	+0.039%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.55	−0.063%	$63.6M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.51	−0.091%	$61.2M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.52	−0.084%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.79	+0.105%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.62	−0.011%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.62	−0.014%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.52	−0.084%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.64	0.000%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.45	−0.133%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.55	−0.063%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.63	−0.007%	$335K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	+0.063%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.88	+0.168%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	+0.164%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.90	+0.182%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.63	−0.007%	$124K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.70	+0.041%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.128%	$687K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.51	−0.088%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.61	−0.023%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.74	+0.070%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.55	−0.063%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.61	−0.020%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.65	+0.006%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	+0.196%	$793K	$2.8M	50x	as long as short