Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.022%

Price spread now: Extended against Binance−0.112%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.112%, 7d avg −0.065%

Together, before fees+0.133%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.047% cheaper against Binance than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of −0.065%). If the spread goes back, that is −$5 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	144.29	0.0052	pay 0.0052% / 8h	6h 32m	$65.0M	$184.9M	75x
Short	Extended AAVE-USD	144.13	0.0104	get 0.0013% / 1h	32m 19s	$917K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.112%Rate

Funding earned: $10.99
Price spread: −0.112% → −0.065%: −$4.7
Slippage, 4 orders: −$14.2
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.92
Costs to cover: 0.292%
Break-even: 21.6 days

Slippage from Binance: live order book, 11 min ago; Extended: live order book, 1 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	0.35 bp	7.9 bp −$8	12.1 bp −$121	42.2 bp −$4,224	193.1 bp −$96.5K
Sell Extended live order book, 1 min ago	3.47 bp	7.8 bp −$8	26.8 bp −$268	doesn't fit	doesn't fit

AAVE on 41 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	−0.0513%	1h	144.09	−0.142%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.21	−0.059%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.23	−0.043%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	−0.039%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.03	−0.183%	$65K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.24	−0.036%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	−0.197%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.083%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.24	−0.038%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.24	−0.039%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0051%	8h	144.26	−0.024%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDTlong	+0.0052%	8h	144.29	long leg	$65.0M	$184.9M	75x
OKX AAVE-USDT-SWAP	+0.0069%	8h	144.21	−0.059%	$17.4M	$65.6M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.27	−0.017%	$186K	$230K	10x	as long as short
Gate AAVE_USDT	+0.0092%	8h	144.28	−0.010%	$7.8M	$15.1M	75x	as long as short
SoDEX AAVE-USD	+0.0092%	1h	144.13	−0.114%	$5K	$298K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.37	+0.054%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.24	−0.035%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.15	−0.103%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.15	−0.100%	$802K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.38	+0.059%	$78.2M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.24	−0.036%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.18	−0.080%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.24	−0.038%	$61.8M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.23	−0.045%	$45K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.553%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.30	+0.004%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.22	−0.052%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.27	−0.017%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.98	−0.218%	$323K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.89	−0.279%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	−0.268%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.96	−0.234%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	−0.218%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.004%	$125K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	−0.068%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.08	−0.150%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.95	−0.239%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	144.13	−0.112%	$917K	$1.7M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0236% / S −0.0359%	1h	144.27	−0.015%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	−0.003%	$773K	$2.8M	50x	as long as short