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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment $0.31 per $10,000 · paid last 24h −0.017%
Price spread now: OKX against Bitget−0.049%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$370.372% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 7 days+0.083%+$8 · spread now −0.049%, 7d avg +0.015%
Together, before fees+0.010%+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.063% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget AAVEUSDT144.190.0100pay 0.0100% / 8h6h 32m$30.0M$18.0M75x
ShortOKX AAVE-USDT-SWAP144.120.0069get 0.0069% / 8h6h 32m$17.4M$65.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$6.47
Price spread: −0.049% → +0.015%
−$6.33
Slippage, 4 orders
−$15.18
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$49.98
Costs to cover
0.372%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago0.70 bp9.6 bp −$1017.7 bp −$17760.7 bp −$6,068doesn't fit
Sell OKX live order book, 2 min ago0.35 bp7.4 bp −$715.9 bp −$15975.7 bp −$7,571doesn't fit

AAVE on 41 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
Deribit AAVE_USDC-PERPETUAL−0.0513%1h144.09−0.069%$250K$362K50xas long as short
01 Exchange AAVEUSD−0.0056%1h144.21+0.014%$11K$2K5xas long as short
Kraken Futures PF_AAVEUSD−0.0034%1h144.23+0.029%$3.5M$2.0M50xas long as short
dYdX AAVE-USD0.0000%1h144.24+0.034%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h144.08−0.076%$65K$1.4M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h144.24+0.037%$70K150xas long as short
Phoenix AAVE+0.0006%1h144.01−0.125%$5K$98K10xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.014%$422$51K12xas long as short
Orderly PERP_AAVE_USDC+0.0044%8h144.24+0.035%$18K$10K10xas long as short
Reya AAVERUSDPERP+0.0044%1h144.24+0.033%20xas long as short
Show all 41 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AAVE_USDT+0.0051%8h144.15−0.028%$27.0M$24.8M200xas long as short
Binance AAVEUSDT+0.0052%8h144.18−0.009%$65.0M$185.0M75xas long as short
OKX AAVE-USDT-SWAPshort+0.0069%8h144.12−0.049%$17.4M$65.6M50x
RISEx AAVE/USDC+0.0089%1h144.27+0.055%$186K$230K10xas long as short
Gate AAVE_USDT+0.0092%8h144.17−0.014%$7.7M$15.1M75xas long as short
SoDEX AAVE-USD+0.0092%1h144.13−0.042%$5K$298K10xas long as short
Lighter AAVE+0.0096%1h144.31+0.085%$4.6M$1.5M10xas long as short
Aevo AAVE-PERP+0.0096%1h144.24+0.038%$122K$14610xas long as short
Paradex AAVE-USD-PERP+0.0100%8h144.15−0.030%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h144.15−0.028%$802K$425K10xas long as short
Hyperliquid AAVE+0.0100%1h144.24+0.035%$78.1M$35.6M10xas long as short
Aster AAVEUSDT+0.0100%8h144.32+0.087%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h144.18−0.007%$329K$436K10xas long as short
Bybit AAVEUSDT+0.0100%8h144.11−0.055%$61.7M$64.9M75xas long as short
Arcus AAVE-USD+0.0100%1h144.23+0.028%$45K$192K10xas long as short
Bulk AAVE-USD+0.0100%1h143.50−0.481%$58K$2K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h144.20+0.007%$10.8M$9.2M75xas long as short
Bitget AAVEUSDTlong+0.0100%8h144.19long leg$30.0M$18.0M75x
BingX AAVE-USDT+0.0100%8h144.17−0.014%$44.1Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h144.24+0.035%$324K$746K10xas long as short
Variational Omni AAVE+0.0100%8h143.89−0.206%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.91−0.196%$104K$318K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.96−0.162%$456K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.98−0.146%$134K$230K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h144.30+0.076%$125K$418K10xas long as short
SunX AAVE-USDT+0.0100%8h144.20+0.004%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h144.55+0.251%$700K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h144.12−0.049%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h144.13−0.039%$917K$1.7M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0236% / S −0.0359%1h144.27+0.058%$125K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h144.29+0.069%$773K$2.8M50xas long as short