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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h −0.019%
Price spread now: Injective against Bulk−6.224%103s7-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 3 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 −$2 a day on $10k at the current rate, and Injective is 6.224% cheaper against Bulk than usual: you would sell low and buy high (−$622 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk AAVE-USD146.050.0100pay 0.0013% / 1h43m 35s$61K−$010x
ShortInjective AAVE/USDC PERP136.960.0033get 0.0004% / 1h43m 35s$422$51K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$14
Price spread: −6.224% → 0.000%
−$622.39
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$643.41
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Bulk: no order-book sample; Injective: 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 Bulk no order-book sample
Sell Injective no order-book sample
Bulk and Injective: 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
Kraken Futures PF_AAVEUSD−0.0184%1h146.17+0.081%$3.5M$2.1M50xas long as short
Phemex AAVEUSDT−0.0175%8h146.050.000%$4.1M$3.8M50xas long as short
01 Exchange AAVEUSD−0.0128%1h146.15+0.068%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0076%1h146.07+0.014%$5K$305K10xas long as short
dYdX AAVE-USD0.0000%1h146.19+0.095%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.93−0.082%$79K$1.5M3.4xas long as short
Phoenix AAVE0.0000%1h145.81−0.164%$5K$102K10xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h146.07+0.014%$255K$373K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.10+0.032%$71K150xas long as short
MEXC AAVE_USDT+0.0023%8h146.21+0.110%$29.3M$25.7M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0024%8h146.12+0.051%$66.2M$187.2M75xas long as short
Injective AAVE/USDC PERPshort+0.0033%1h136.96−6.224%$422$51K12x
Reya AAVERUSDPERP+0.0044%1h145.96−0.060%20xas long as short
ApeX Omni AAVEUSDT+0.0049%1h145.80−0.171%$136K$230K50xas long as short
Orderly PERP_AAVE_USDC+0.0050%8h146.01−0.027%$18K$12K10xas long as short
Gate AAVE_USDT+0.0054%8h146.10+0.034%$7.9M$15.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0063%8h146.15+0.068%$18.0M$67.3M50xas long as short
Aevo AAVE-PERP+0.0088%1h146.04−0.007%$123K$14610xas long as short
GRVT AAVE_USDT_Perp+0.0093%8h145.86−0.130%$457K$3.9M10xas long as short
BloFin AAVE-USDT+0.0093%8h145.82−0.157%$3.5M$4.1M100xas long as short
Lighter AAVE+0.0096%1h146.41+0.248%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.20+0.100%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h146.19+0.099%$799K$448K10xas long as short
Hyperliquid AAVE+0.0100%1h146.31+0.178%$79.8M$35.4M10xas long as short
Aster AAVEUSDT+0.0100%8h146.20+0.101%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.21+0.108%$334K$503K10xas long as short
Bybit AAVEUSDT+0.0100%8h146.12+0.048%$62.5M$65.7M75xas long as short
Arcus AAVE-USD+0.0100%1h146.14+0.062%$46K$278K10xas long as short
Bulk AAVE-USDlong+0.0100%1h146.05long leg$61K−$010x
KuCoin AAVEUSDTM+0.0100%8h146.19+0.096%$10.1M$8.8M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.09+0.027%$30.3M$18.2M75xas long as short
BingX AAVE-USDC+0.0100%8h146.12+0.048%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.19+0.096%$346K$734K10xas long as short
Variational Omni AAVE+0.0100%8h145.63−0.286%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h145.74−0.210%$105K$318K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.06+0.007%$128K$445K10xas long as short
SunX AAVE-USDT+0.0100%8h146.03−0.011%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.12+0.049%$698K$5.1M75xas long as short
Extended AAVE-USD+0.0104%1h146.04−0.004%$935K$1.7M50xas long as short
RISEx AAVE/USDC+0.0107%1h146.18+0.088%$185K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0269% / S −0.0449%1h146.07+0.016%$128K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h146.08+0.021%$786K$3.1M50xas long as short