Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.290%

Price spread now: Deribit against Binance+0.077%7-day average −0.026% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 3 days (all we have)+0.454%+$45 · spread now +0.077%, 7d avg −0.026%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.103% dearer against Binance than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.026%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 7 days (−0.428% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	145.64	0.0082	pay 0.0082% / 8h	2h 55m	$66.2M	$180.7M	75x
Short	Deribit AAVE_USDC-PERPETUAL	145.75	0	get 0.0000% / 1h	55m 08s	$237K	$466K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$17.32
Price spread: +0.077% → −0.026%: $10.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.03
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; Deribit: live order book, 29 min ago. Net counts fees only.

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, 3 min ago	0.34 bp	7.0 bp −$7	14.7 bp −$147	53.0 bp −$5,304	doesn't fit
Sell Deribit live order book, 29 min ago	14.23 bp	17.7 bp −$18	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	−0.0200%	1h	145.35	−0.197%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0190%	1h	145.66	+0.015%	$5K	$308K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	−0.232%	$135K	$229K	50x	as long as short
Phoenix AAVE	−0.0039%	1h	145.71	+0.050%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.47	−0.112%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.59	−0.033%	$64K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	145.75	+0.077%	$237K	$466K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.74	+0.068%	$71K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.77	+0.090%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.958%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.61	−0.017%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.54	−0.067%	$17.8M	$65.5M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.67	+0.022%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0082%	8h	145.65	+0.009%	$7.8M	$15.4M	75x	as long as short
Binance AAVEUSDTlong	+0.0082%	8h	145.64	long leg	$66.2M	$180.7M	75x
MEXC AAVE_USDT	+0.0084%	8h	145.59	−0.033%	$32.5M	$25.9M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.79	+0.108%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.64	+0.002%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.38	−0.175%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.64	+0.005%	$817K	$439K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.79	+0.105%	$81.6M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.67	+0.023%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.42	−0.149%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.59	−0.033%	$62.1M	$64.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.58	−0.040%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.417%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.66	+0.015%	$10.0M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.51	−0.088%	$29.7M	$17.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.57	−0.046%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.71	+0.050%	$348K	$683K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	−0.188%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.31	−0.227%	$100K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.35	−0.200%	$460K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.74	+0.070%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.68	+0.026%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.79	+0.102%	$742K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.74	+0.070%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.67	+0.025%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.74	+0.070%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.59	−0.033%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.89	+0.173%	$784K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.73	+0.061%	$125K	—	100x	as long as short