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

AAVE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0146%/8h= −15.9% APRnext payment $1.46 per $10,000 · paid last 24h −0.033%
Price spread now: Orderly against BloFin−0.188%112s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.188% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin AAVE-USDT143.850.0220pay 0.0220% / 8h1h 59m$3.3M$3.6M100x
ShortOrderly PERP_AAVE_USDC143.580.0074get 0.0074% / 8h1h 59m$18K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$30.56
Price spread: −0.188% → 0.000%
−$18.77
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$67.33
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 4 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago0.35 bp8.1 bp −$812.5 bp −$12526.1 bp −$2,609doesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado AAVE-PERP−0.0062%1h143.50−0.245%$833K$400K10xas long as short
dYdX AAVE-USD0.0000%1h143.52−0.229%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h143.68−0.118%$47K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h143.61−0.167%$218K$396K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h143.57−0.196%$80K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.790%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h143.48−0.257%20xas long as short
Orderly PERP_AAVE_USDCshort+0.0074%8h143.58−0.188%$18K$10K10x
Paradex AAVE-USD-PERP+0.0100%8h143.49−0.252%$13K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h143.59−0.181%$1.2M$1.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica AAVE+0.0100%1h143.57−0.197%$328K$448K10xas long as short
Binance AAVEUSDT+0.0100%8h143.57−0.195%$64.6M$191.9M75xas long as short
Bybit AAVEUSDT+0.0100%8h143.56−0.202%$61.8M$68.0M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h143.58−0.188%$17.3M$65.5M50xas long as short
Arcus AAVE-USD+0.0100%1h143.69−0.111%$64K$198K10xas long as short
Bulk AAVE-USD+0.0100%1h143.91+0.042%$58K−$010xas long as short
Gate AAVE_USDT+0.0100%8h143.55−0.209%$8.0M$15.9M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.54−0.216%$25.0M$23.8M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.56−0.202%$10.3M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.58−0.188%$29.4M$18.3M75xas long as short
BingX AAVE-USDT+0.0100%8h143.56−0.202%$43.7Mas long as short
Variational Omni AAVE+0.0100%8h143.75−0.071%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.81−0.026%$107K$283K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.87+0.014%$455K$3.9M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.88+0.021%$134K$221K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h143.60−0.174%$142K$469K10xas long as short
SunX AAVE-USDT+0.0100%8h143.60−0.177%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.59−0.181%$5K$314K10xas long as short
HTX AAVE-USDT+0.0100%8h143.91+0.044%$683K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h143.65−0.139%$4.0M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h143.53−0.220%$915K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h143.63−0.154%$121K$14610xas long as short
Phoenix AAVE+0.0118%1h144.03+0.125%$4K$105K10xas long as short
01 Exchange AAVEUSD+0.0120%1h143.63−0.153%$10K$2K5xas long as short
Backpack AAVE_USDC_PERP+0.0158%1h143.59−0.181%$340K$727K10xas long as short
BloFin AAVE-USDTlong+0.0220%8h143.85long leg$3.3M$3.6M100x
Kraken Futures PF_AAVEUSD+0.0236%1h143.69−0.111%$3.4M$2.1M50xas long as short
Lighter AAVE+0.0248%1h143.75−0.066%$4.5M$2.4M10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h143.58−0.188%$112K100xas long as short
RISEx AAVE/USDC+0.0256%1h143.61−0.169%$198K$263K10xas long as short
Coinbase International AAVE-PERP-INTX+0.0376%1h143.95+0.070%$769K$2.9M50xas long as short
Hyperliquid AAVE+0.0414%1h143.72−0.087%$78.6M$37.3M10xas long as short