Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.012%

Price spread now: BloFin against Bulk+0.275%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 BloFin

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.275% dearer against Bulk than usual: you sell high and buy low: +$27 more if the spread 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	142.57	0.0100	pay 0.0013% / 1h	13m 02s	$58K	−$0	10x
Short	BloFin AAVE-USDT	142.96	0.0220	get 0.0220% / 8h	3h 13m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.275%Rate

Funding earned: $25.2
Price spread: +0.275% → 0.000%: $27.46
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $33.66
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; BloFin: live order book, 10 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 BloFin live order book, 10 min ago	1.75 bp	12.2 bp −$12	16.7 bp −$167	31.6 bp −$3,163	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
dYdX AAVE-USD	0.0000%	1h	142.93	+0.253%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.94	+0.261%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.90	+0.232%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.95	+0.267%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0033%	1h	142.94	+0.261%	$833K	$398K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.934%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.19	+0.436%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.91	+0.237%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.89	+0.225%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0063%	8h	142.92	+0.247%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0096%	1h	142.98	+0.289%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	+0.292%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.93	+0.254%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.00	+0.305%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.85	+0.197%	$63.8M	$188.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.87	+0.211%	$61.4M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.85	+0.197%	$17.1M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.10	+0.373%	$64K	$200K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	142.57	long leg	$58K	−$0	10x
Gate AAVE_USDT	+0.0100%	8h	142.83	+0.183%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.93	+0.254%	$25.9M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.87	+0.211%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.92	+0.247%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.83	+0.183%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.95	+0.268%	$336K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.94	+0.261%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.04	+0.331%	$104K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.07	+0.350%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.13	+0.394%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.02	+0.317%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.94	+0.258%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.89	+0.225%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.11	+0.378%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.78	+0.151%	$908K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.93	+0.253%	$121K	$146	10x	as long as short
Hyperliquid AAVE	+0.0122%	1h	142.97	+0.283%	$78.2M	$37.1M	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.04	+0.332%	$185K	$251K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.96	+0.275%	$3.3M	$3.6M	100x
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.99	+0.295%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.94	+0.264%	$112K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	143.09	+0.365%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.23	+0.464%	$783K	$2.8M	50x	as long as short