Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.007%

Price spread now: Injective against Bitget−5.021%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

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 −$2 a day on $10k at the current rate, and Injective is 5.021% cheaper against Bitget than usual: you would sell low and buy high (−$502 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	144.20	0.0100	pay 0.0100% / 8h	2h 16m	$30.1M	$18.2M	75x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	16m 49s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.021%Rate

Funding earned: −$14
Price spread: −5.021% → 0.000%: −$502.08
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$528.1
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Injective: 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, 2 min ago	1.73 bp	9.1 bp −$9	16.3 bp −$163	51.7 bp −$5,171	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Deribit AAVE_USDC-PERPETUAL	−0.0374%	1h	144.19	−0.007%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0184%	1h	144.18	−0.014%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0120%	1h	144.24	+0.028%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	+0.049%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.27	+0.047%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.16	−0.028%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.23	+0.020%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.30	+0.069%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−5.021%	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	144.17	−0.019%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.19	−0.007%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0048%	8h	144.20	0.000%	$65.6M	$184.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.23	+0.021%	$17.4M	$66.1M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.18	−0.014%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.21	+0.007%	$7.7M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0055%	1h	144.42	+0.153%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0085%	8h	144.18	−0.016%	$455K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0089%	1h	144.18	−0.014%	$800K	$436K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.38	+0.122%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.19	−0.007%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.24	+0.025%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.18	−0.012%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.35	+0.104%	$80.2M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.25	+0.035%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.16	−0.029%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.22	+0.014%	$61.3M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.20	0.000%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.22	+0.014%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	144.20	long leg	$30.1M	$18.2M	75x
BingX AAVE-USDT	+0.0100%	8h	144.18	−0.014%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.31	+0.076%	$376K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+0.047%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.14	−0.042%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.28	+0.055%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.17	−0.022%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.45	+0.174%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.14	−0.042%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.093%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.17	−0.023%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0168%	8h	144.18	−0.014%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.111%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.23	+0.024%	$124K	—	100x	as long as short