Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Aster against Bulk−0.233%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.233% cheaper against Bulk than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	144.56	0.0100	pay 0.0013% / 1h	51m 18s	$58K	$2K	10x
Short	Aster AAVEUSDT	144.22	0.0100	get 0.0100% / 8h	6h 51m	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bulk. 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 BulkbpFee AsterbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → 0.000%: −$23.32
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.32
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bulk: no order-book sample; Aster: live order book, 2 min ago. 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 Bulk no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	3.12 bp	10.9 bp −$11	30.3 bp −$303	doesn't fit	doesn't fit

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	−0.0305%	1h	144.18	−0.263%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.21	−0.242%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0050%	1h	143.99	−0.394%	$134K	$230K	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.35	−0.145%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.18	−0.266%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.18	−0.263%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.27	−0.202%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.22	−0.235%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.257%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.20	−0.249%	$27.6M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0036%	8h	144.30	−0.180%	$65.2M	$185.4M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0043%	8h	144.23	−0.228%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.16	−0.275%	—	—	20x	as long as short
SoDEX AAVE-USD	+0.0046%	1h	144.24	−0.221%	$5K	$302K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	144.30	−0.180%	$17.4M	$66.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.25	−0.218%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.27	−0.201%	$183K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.46	−0.071%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.03	−0.366%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.10	−0.318%	$798K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.29	−0.185%	$78.4M	$35.5M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	144.22	−0.233%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.09	−0.328%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.30	−0.180%	$61.7M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.24	−0.221%	$45K	$236K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	144.56	long leg	$58K	$2K	10x
Gate AAVE_USDT	+0.0100%	8h	144.25	−0.214%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.22	−0.235%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.20	−0.249%	$29.8M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.22	−0.235%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.49	−0.048%	$328K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.23	−0.226%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.86	−0.482%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.95	−0.423%	$455K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.24	−0.221%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.22	−0.237%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.59	+0.022%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.30	−0.180%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.19	−0.259%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0144%	8h	144.16	−0.277%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.27	−0.197%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	−0.187%	$774K	$2.8M	50x	as long as short