Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.017%

Price spread now: Aevo against Binance+0.077%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$990.987% of the position

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.077%, 7d avg +0.004%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.073% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	146.12	0.0041	pay 0.0041% / 8h	31m 55s	$66.6M	$185.9M	75x
Short	Aevo AAVE-PERP	146.23	0.0088	get 0.0011% / 1h	31m 55s	$124K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now +0.077%Rate

Funding earned: $9.93
Price spread: +0.077% → +0.004%: $7.27
Slippage, 4 orders: −$72.72
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$81.52
Costs to cover: 0.987%
Break-even: 64.5 days

Slippage from Binance: live order book, 11 min ago; Aevo: live order book, 47 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 Binance live order book, 11 min ago	0.34 bp	8.3 bp −$8	13.7 bp −$137	46.6 bp −$4,660	doesn't fit
Sell Aevo live order book, 47 min ago	26.19 bp	39.1 bp −$39	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
Deribit AAVE_USDC-PERPETUAL	−0.0160%	1h	146.21	+0.063%	$255K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0071%	1h	146.19	+0.050%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	−0.060%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.30	+0.125%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.26	+0.098%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.10	−0.012%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.30	+0.123%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.26	+0.100%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.267%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0039%	8h	146.13	+0.009%	$30.4M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDTlong	+0.0041%	8h	146.12	long leg	$66.6M	$185.9M	75x
Reya AAVERUSDPERP	+0.0044%	1h	146.17	+0.034%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.20	+0.056%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.10	−0.012%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0080%	8h	146.17	+0.036%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERPshort	+0.0088%	1h	146.23	+0.077%	$124K	$146	10x
Lighter AAVE	+0.0096%	1h	146.42	+0.206%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.29	+0.120%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.18	+0.043%	$804K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.30	+0.125%	$80.7M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.26	+0.096%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.31	+0.130%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.18	+0.043%	$62.3M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.30	+0.125%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.163%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.18	+0.043%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.07	−0.033%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.19	+0.050%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.30	+0.125%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	+0.007%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.298%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.292%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.11	−0.005%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.32	+0.139%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.17	+0.037%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.35	+0.158%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.19	+0.050%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.07	−0.029%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.34	+0.155%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0157%	8h	146.26	+0.098%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.26	+0.096%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.33	+0.145%	$788K	$3.0M	50x	as long as short