Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.073%

Price spread now: Coinbase International against Binance+0.170%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$23 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.170%, 7d avg +0.068%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.102% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	140.91	0.0100	pay 0.0100% / 8h	23m 56s	$63.1M	$191.4M	75x
Short	Coinbase International AAVE-PERP-INTX	141.15	0.0256	get 0.0032% / 1h	23m 56s	$751K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.170%Rate

Funding earned: $32.76
Price spread: +0.170% → +0.068%: $10.22
Slippage, 4 orders: −$21.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.83
Costs to cover: 0.411%
Break-even: 6.6 days

Slippage from Binance: live order book, 4 min ago; Coinbase International: 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 Binance live order book, 4 min ago	0.35 bp	8.0 bp −$8	12.8 bp −$128	50.0 bp −$5,004	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.55 bp	11.9 bp −$12	15.8 bp −$158	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
dYdX AAVE-USD	0.0000%	1h	140.96	+0.033%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.90	−0.007%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.96	+0.035%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.92	+0.009%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.803%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.89	−0.015%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	140.91	0.000%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.12	+0.145%	$4.5M	$2.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.85	−0.046%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.85	−0.039%	$822K	$397K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.09	+0.128%	$77.1M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.01	+0.072%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.89	−0.013%	$328K	$391K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	140.91	long leg	$63.1M	$191.4M	75x
Bybit AAVEUSDT	+0.0100%	8h	140.92	+0.007%	$60.5M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.94	+0.021%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.00	+0.064%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.09	+0.127%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.98	+0.050%	$8.0M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.93	+0.014%	$22.9M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.95	+0.028%	$10.1M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.91	0.000%	$28.6M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.92	+0.007%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.88	−0.022%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.09	+0.131%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.16	+0.181%	$443K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.08	+0.121%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.96	+0.035%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.91	−0.001%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	140.92	+0.007%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.04	+0.094%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.95	+0.028%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.89	−0.016%	$910K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	140.95	+0.028%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.96	+0.032%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	140.98	+0.050%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.89	−0.014%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	140.91	+0.002%	$187K	$291K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0248%	1h	141.07	+0.114%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.94	+0.020%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0256%	1h	141.15	+0.170%	$751K	$2.7M	50x
Kraken Futures PF_AAVEUSD	+0.0272%	1h	140.98	+0.049%	$3.3M	$2.1M	50x	as long as short