Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.021%

Price spread now: Binance against Bulk+0.016%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on Binance

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	146.36	0.0100	pay 0.0013% / 1h	21m 03s	$61K	−$0	10x
Short	Binance AAVEUSDT	146.38	0.0021	get 0.0021% / 8h	7h 21m	$66.3M	$183.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$16.61
Price spread: +0.016% → 0.000%: $1.6
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.01
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bulk: no order-book sample; Binance: live order book, 7 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 Binance live order book, 7 min ago	0.34 bp	7.3 bp −$7	17.9 bp −$179	44.9 bp −$4,492	172.6 bp −$86.3K

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.62	+0.178%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.42	+0.044%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0091%	1h	146.54	+0.126%	$255K	$369K	50x	as long as short
SoDEX AAVE-USD	−0.0090%	1h	146.50	+0.098%	$5K	$305K	10x	as long as short
Phemex AAVEUSDT	−0.0018%	8h	146.52	+0.112%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.58	+0.154%	$105K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.51	+0.105%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.78	+0.290%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.55	+0.132%	$71K	—	150x	as long as short
Binance AAVEUSDTshort	+0.0021%	8h	146.38	+0.016%	$66.3M	$183.6M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0021%	8h	146.42	+0.044%	$29.1M	$25.8M	200x	as long as short
Gate AAVE_USDT	+0.0028%	8h	146.44	+0.057%	$7.9M	$15.3M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.420%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.45	+0.063%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.46	+0.071%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.38	+0.016%	$18.0M	$66.5M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0072%	1h	146.58	+0.153%	$136K	$231K	50x	as long as short
Bybit AAVEUSDT	+0.0080%	8h	146.34	−0.011%	$62.7M	$65.0M	75x	as long as short
BloFin AAVE-USDT	+0.0084%	8h	146.49	+0.092%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.77	+0.284%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.71	+0.243%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.44	+0.056%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.45	+0.068%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.52	+0.112%	$79.9M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.51	+0.105%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.49	+0.092%	$334K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.49	+0.092%	$46K	$278K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	146.36	long leg	$61K	−$0	10x
KuCoin AAVEUSDTM	+0.0100%	8h	146.46	+0.071%	$10.4M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.37	+0.010%	$30.4M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.42	+0.044%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.53	+0.119%	$334K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.058%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.55	+0.135%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.62	+0.181%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.54	+0.126%	$127K	$415K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.49	+0.094%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.60	+0.170%	$713K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.39	+0.021%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.53	+0.122%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.55	+0.134%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.88	+0.358%	$788K	$2.9M	50x	as long as short