Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Phemex against Aster−0.082%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.520%+$52 · spread now −0.082%, 7d avg 0.000%

Together, before fees+0.529%+ Points / potential airdropAster: Stage 5 · farm board+$53 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.082% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	143.73	0.0100	pay 0.0100% / 8h	5h 43m	$1.3M	$1.2M	50x
Short	Phemex AAVEUSDT	143.61	0.0100	get 0.0100% / 8h	5h 43m	$4.1M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → 0.000%: −$8.21
Slippage, 4 orders: −$68.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$97.17
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Phemex: 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 Aster live order book, 4 min ago	3.84 bp	8.7 bp −$9	32.6 bp −$326	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	4.19 bp	51.7 bp −$52	64.5 bp −$645	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	−0.0064%	1h	143.56	−0.117%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.80	+0.052%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.68	−0.033%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.54	−0.131%	$238K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.49	−0.163%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.709%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.52	−0.145%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.52	−0.147%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.172%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0095%	8h	143.75	+0.015%	$17.2M	$63.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.00	+0.193%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0099%	8h	143.84	+0.078%	$26.1M	$23.5M	200x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.76	+0.022%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.61	−0.082%	$833K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.89	+0.113%	$77.8M	$35.3M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	143.73	long leg	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	143.84	+0.077%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.83	+0.071%	$64.6M	$183.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.79	+0.043%	$61.5M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.76	+0.022%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.119%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.72	−0.006%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.86	+0.092%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.83	+0.071%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.79	+0.043%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.67	−0.040%	$320K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.249%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.01	−0.496%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.525%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	−0.298%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.57	−0.110%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.54	−0.132%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.55	−0.124%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.91	+0.124%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDTshort	+0.0100%	8h	143.61	−0.082%	$4.1M	$3.7M	50x
Extended AAVE-USD	+0.0104%	1h	143.66	−0.049%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.58	−0.101%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.61	−0.080%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0219%	8h	143.52	−0.145%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.48	−0.172%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.64	−0.060%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.85	+0.085%	$778K	$2.8M	50x	as long as short