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+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.030%
Price spread now: BloFin against Bitget+0.117%75s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$360.363% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.202%+$20 on $10k
Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.117%, 7d avg +0.028%
Together, before fees+0.268%+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.089% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget AAVEUSDT145.760.0100pay 0.0100% / 8h9m 52s$30.3M$18.2M75x
ShortBloFin AAVE-USDT145.930.0130get 0.0130% / 8h9m 52s$3.5M$4.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$6.25
Price spread: +0.117% → +0.028%
$8.87
Slippage, 4 orders
−$12.34
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$21.22
Costs to cover
0.363%
Break-even
30.8 days
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago0.34 bp9.6 bp −$1017.8 bp −$17842.6 bp −$4,259doesn't fit
Sell BloFin live order book, 4 min ago0.69 bp7.3 bp −$710.8 bp −$10826.4 bp −$2,63867.8 bp −$33.9K

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
SoDEX AAVE-USD−0.0116%1h145.88+0.082%$5K$305K10xas long as short
01 Exchange AAVEUSD−0.0040%1h146.22+0.316%$11K$2K5xas long as short
Phoenix AAVE−0.0027%1h146.26+0.343%$5K$99K10xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0024%1h146.05+0.199%$255K$391K50xas long as short
dYdX AAVE-USD0.0000%1h146.08+0.219%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.79+0.021%$83K$1.5M3.4xas long as short
Kraken Futures PF_AAVEUSD+0.0002%1h146.00+0.168%$3.5M$2.1M50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.21+0.305%$71K150xas long as short
MEXC AAVE_USDT+0.0032%8h145.74−0.014%$29.7M$26.1M200xas long as short
Binance AAVEUSDT+0.0032%8h145.74−0.014%$66.5M$186.9M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AAVE/USDC PERP+0.0033%1h136.96−6.037%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h146.04+0.195%20xas long as short
Orderly PERP_AAVE_USDC+0.0052%8h146.00+0.165%$18K$12K10xas long as short
OKX AAVE-USDT-SWAP+0.0068%8h145.74−0.014%$17.9M$67.5M50xas long as short
Gate AAVE_USDT+0.0074%8h145.77+0.007%$7.9M$15.9M75xas long as short
Aevo AAVE-PERP+0.0088%1h145.98+0.152%$123K$14610xas long as short
Lighter AAVE+0.0096%1h146.09+0.228%$4.7M$1.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.13+0.253%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h146.15+0.268%$804K$445K10xas long as short
Hyperliquid AAVE+0.0100%1h145.96+0.137%$80.5M$34.7M10xas long as short
Aster AAVEUSDT+0.0100%8h145.85+0.064%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.14+0.259%$333K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.75−0.007%$62.1M$65.9M75xas long as short
Arcus AAVE-USD+0.0100%1h146.20+0.302%$51K$273K10xas long as short
Bulk AAVE-USD+0.0100%1h146.23+0.325%$61K$36010xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.77+0.007%$10.0M$8.7M75xas long as short
Bitget AAVEUSDTlong+0.0100%8h145.76long leg$30.3M$18.2M75x
BingX AAVE-USDT+0.0100%8h145.75−0.007%$44.1Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.90+0.096%$346K$744K10xas long as short
Variational Omni AAVE+0.0100%8h145.93+0.119%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h146.13+0.254%$105K$316K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h146.16+0.277%$461K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h146.12+0.247%$136K$229K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.24+0.329%$128K$454K10xas long as short
SunX AAVE-USDT+0.0100%8h146.17+0.283%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.09+0.230%$691K$5.1M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.99+0.158%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.71−0.037%$940K$1.7M50xas long as short
RISEx AAVE/USDC+0.0106%1h146.25+0.336%$185K$247K10xas long as short
BloFin AAVE-USDTshort+0.0130%8h145.93+0.117%$3.5M$4.1M100x
GMX AAVE/USD [AAVE-USDC]L +0.0267% / S −0.0438%1h146.17+0.283%$126K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0280%1h146.27+0.350%$789K$3.0M50xas long as short