Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.012%

Price spread now: Bulk against BloFin+0.065%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Bulk is 0.065% dearer against BloFin than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	142.43	0.0220	pay 0.0220% / 8h	2h 39m	$3.3M	$3.5M	100x
Short	Bulk AAVE-USD	142.52	0.0100	get 0.0013% / 1h	39m 46s	$58K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against BloFin. 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 BloFinbpFee BulkbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$25.2
Price spread: +0.065% → 0.000%: $6.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$37.7
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	2.11 bp	8.4 bp −$8	13.9 bp −$139	42.8 bp −$4,278	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
Deribit AAVE_USDC-PERPETUAL	−0.0031%	1h	142.30	−0.091%	$217K	$393K	50x	as long as short
Nado AAVE-PERP	−0.0011%	1h	142.17	−0.183%	$828K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.29	−0.096%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.63	+0.140%	$55K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.28	−0.105%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.840%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.16	−0.186%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	142.28	−0.105%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0083%	8h	142.36	−0.049%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	142.19	−0.169%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.26	−0.121%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.42	−0.007%	$77.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.34	−0.065%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.31	−0.084%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.29	−0.101%	$63.5M	$189.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.27	−0.112%	$61.0M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.23	−0.140%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.36	−0.049%	$63K	$199K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	142.52	+0.065%	$58K	−$0	10x
Gate AAVE_USDT	+0.0100%	8h	142.33	−0.070%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.29	−0.098%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.28	−0.105%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.20	−0.161%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.26	−0.119%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.47	+0.028%	$334K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.41	−0.013%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	+0.188%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.99	+0.393%	$448K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.65	+0.154%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.25	−0.126%	$133K	$459K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.28	−0.105%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.29	−0.098%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.43	−0.001%	$680K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.19	−0.169%	$903K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.32	−0.074%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.00	+0.400%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.26	−0.121%	$185K	$251K	10x	as long as short
BloFin AAVE-USDTlong	+0.0220%	8h	142.43	long leg	$3.3M	$3.5M	100x
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.36	−0.046%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.25	−0.125%	$111K	—	100x	as long as short
Lighter AAVE	+0.0296%	1h	142.50	+0.047%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.24	−0.133%	$782K	$2.8M	50x	as long as short