Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.008%

Price spread now: gTrade (Gains Network) against Binance−0.029%7-day average — · you buy dearer than you sell

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

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.029% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	143.33	0.0100	pay 0.0100% / 8h	4h 01m	$63.9M	$187.0M	75x
Short	gTrade (Gains Network) AAVE/USD	143.29	L +0.0005% / S −0.0004%	get 0.0000% / 1h	1m 24s	$80K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.029%Rate

Funding earned: −$20.18
Price spread: −0.029% → 0.000%: −$2.86
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$43.04
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; gTrade (Gains Network): no order-book sample. 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, 12 min ago	0.35 bp	6.5 bp −$6	12.9 bp −$129	47.0 bp −$4,696	187.4 bp −$93.7K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0128%	1h	143.39	+0.040%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.37	+0.024%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.99	−0.239%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.10	−0.162%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	143.29	−0.029%	$80K	—	150x
Nado AAVE-PERP	+0.0010%	1h	143.37	+0.027%	$843K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.446%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.26	−0.049%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.05	−0.197%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.24	−0.064%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0085%	1h	143.09	−0.169%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	+0.0087%	8h	143.02	−0.218%	$4.0M	$3.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.39	+0.038%	$4.6M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.27	−0.041%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.49	+0.110%	$78.2M	$36.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.33	−0.001%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.33	−0.001%	$328K	$447K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	143.33	long leg	$63.9M	$187.0M	75x
Bybit AAVEUSDT	+0.0100%	8h	143.29	−0.029%	$61.6M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.29	−0.029%	$17.2M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.44	+0.075%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.560%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.34	+0.006%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.30	−0.022%	$25.1M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.33	−0.001%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.24	−0.064%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.28	−0.036%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.15	−0.127%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.420%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.94	−0.275%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.03	−0.213%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.03	−0.211%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.35	+0.013%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.95	−0.268%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.19	−0.102%	$689K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.28	−0.033%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.11	−0.156%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.38	+0.033%	$179K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.00	−0.232%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.29	−0.031%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.20	−0.096%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	−0.287%	$793K	$2.8M	50x	as long as short