Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.14 per $10,000 · paid last 24h −0.003%
Price spread now: Orderly against Binance−0.035%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.035% cheaper against Binance than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8.1 days of funding at the current rate ($0 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance AAVEUSDT144.880.0035pay 0.0035% / 8h1h 22m$66.0M$185.5M75x
ShortOrderly PERP_AAVE_USDC144.830.0049get 0.0049% / 8h1h 22m$18K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$2.97
Price spread: −0.035% → 0.000%
−$3.45
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$16.48
Costs to cover
0.160%
Break-even
45.9 days
Slippage unknown: Binance: live order book, 5 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago0.35 bp6.7 bp −$714.6 bp −$14644.6 bp −$4,464186.3 bp −$93.1K
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange AAVEUSD−0.0144%1h144.86−0.014%$11K$2K5xas long as short
Phoenix AAVE−0.0045%1h144.98+0.069%$5K$100K10xas long as short
SoDEX AAVE-USD−0.0042%1h144.84−0.028%$5K$298K10xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0026%1h144.87−0.007%$254K$480K50xas long as short
dYdX AAVE-USD0.0000%1h144.87−0.010%$103K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h144.84−0.028%$67K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h144.88+0.002%$70K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.467%$422$51K12xas long as short
MEXC AAVE_USDT+0.0034%8h144.87−0.007%$30.8M$25.8M200xas long as short
Binance AAVEUSDTlong+0.0035%8h144.88long leg$66.0M$185.5M75x
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya AAVERUSDPERP+0.0044%1h144.78−0.071%20xas long as short
RISEx AAVE/USDC+0.0046%1h144.89+0.006%$180K$244K10xas long as short
Orderly PERP_AAVE_USDCshort+0.0049%8h144.83−0.035%$18K$12K10x
OKX AAVE-USDT-SWAP+0.0052%8h144.86−0.014%$17.6M$66.8M50xas long as short
Kraken Futures PF_AAVEUSD+0.0054%1h144.96+0.054%$3.5M$2.1M50xas long as short
Gate AAVE_USDT+0.0059%8h144.880.000%$7.8M$15.9M75xas long as short
Aevo AAVE-PERP+0.0088%1h144.87−0.010%$122K$14610xas long as short
GRVT AAVE_USDT_Perp+0.0094%8h144.79−0.066%$457K$3.8M10xas long as short
Lighter AAVE+0.0096%1h145.03+0.103%$4.7M$1.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h144.69−0.132%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h144.84−0.024%$801K$436K10xas long as short
Hyperliquid AAVE+0.0100%1h145.00+0.083%$79.7M$33.7M10xas long as short
Aster AAVEUSDT+0.0100%8h144.96+0.053%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h144.77−0.076%$330K$505K10xas long as short
Bybit AAVEUSDT+0.0100%8h144.87−0.007%$61.5M$65.8M75xas long as short
Arcus AAVE-USD+0.0100%1h144.84−0.028%$50K$273K10xas long as short
Bulk AAVE-USD+0.0100%1h144.27−0.423%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h144.89+0.007%$9.9M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h144.87−0.007%$30.2M$18.3M75xas long as short
BingX AAVE-USDC+0.0100%8h144.89+0.007%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.00+0.083%$381K$710K10xas long as short
Variational Omni AAVE+0.0100%8h144.67−0.147%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h144.72−0.111%$103K$315K20xas long as short
ApeX Omni AAVEUSDT+0.0100%1h144.77−0.076%$135K$229K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h144.90+0.014%$127K$467K10xas long as short
SunX AAVE-USDT+0.0100%8h144.74−0.094%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h144.86−0.017%$694K$5.0M75xas long as short
Phemex AAVEUSDT+0.0100%8h144.86−0.014%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h144.83−0.036%$931K$1.7M50xas long as short
BloFin AAVE-USDT+0.0141%8h144.87−0.007%$3.5M$4.0M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0267% / S −0.0438%1h144.88−0.003%$125K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0272%1h144.97+0.062%$787K$3.0M50xas long as short