Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.013%

Price spread now: Bulk against Bitget−0.155%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Bulk

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 −$1 a day on $10k at the current rate, and Bulk is 0.155% cheaper against Bitget than usual: you would sell low and buy high (−$15 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	Bitget AAVEUSDT	144.91	0.0100	pay 0.0100% / 8h	1h 39m	$30.2M	$18.3M	75x
Short	Bulk AAVE-USD	144.69	0.0080	get 0.0010% / 1h	39m 21s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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

Position, each leg$Hold fordaysFee BitgetbpFee BulkbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$4.14
Price spread: −0.155% → 0.000%: −$15.48
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$38.63
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Bulk: 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 Bitget live order book, 5 min ago	0.69 bp	9.6 bp −$10	16.2 bp −$162	60.9 bp −$6,089	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−0.0184%	1h	144.93	+0.014%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0079%	1h	144.88	−0.021%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.79	−0.083%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.92	+0.007%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.93	+0.012%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.88	−0.021%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.00	+0.059%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.486%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.94	+0.021%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.87	−0.029%	$65.8M	$185.4M	75x	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	144.92	+0.010%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.99	+0.058%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.92	+0.007%	$17.5M	$66.5M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.88	−0.021%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.96	+0.036%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	144.96	+0.035%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USDshort	+0.0080%	1h	144.69	−0.155%	$61K	$3K	10x
Aevo AAVE-PERP	+0.0088%	1h	144.92	+0.006%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.65	−0.179%	$462K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.04	+0.089%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.91	−0.002%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.91	+0.003%	$802K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.07	+0.110%	$79.7M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.95	+0.028%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.93	+0.017%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.92	+0.007%	$61.5M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.93	+0.014%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.94	+0.021%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	144.91	long leg	$30.2M	$18.3M	75x
BingX AAVE-USDT	+0.0100%	8h	144.94	+0.021%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.89	−0.014%	$382K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.69	−0.153%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.63	−0.193%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.72	−0.131%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.02	+0.076%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.92	+0.010%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.99	+0.055%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.79	−0.083%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.86	−0.037%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0139%	8h	144.86	−0.035%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.99	+0.057%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.10	+0.131%	$783K	$3.0M	50x	as long as short