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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0226%/8h= −24.7% APRnext payment $0.28 per $10,000 · paid last 24h −0.055%
Price spread now: SoDEX against Bulk−0.191%7-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 −$7 a day on $10k at the current rate, and SoDEX is 0.191% cheaper against Bulk 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk AAVE-USD145.590.0100pay 0.0013% / 1h6m 11s$61K$36010x
ShortSoDEX AAVE-USD145.31−0.0126pay 0.0016% / 1h6m 11s$5K$305K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$47.42
Price spread: −0.191% → 0.000%
−$19.05
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$81.47
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Bulk: no order-book sample; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk no order-book sample
Sell SoDEX live order book, 7 min ago0.34 bp4.9 bp −$59.4 bp −$9492.7 bp −$9,275doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX AAVE-USDshort−0.0126%1h145.31−0.191%$5K$305K10x
Deribit AAVE_USDC-PERPETUAL−0.0094%1h145.36−0.156%$254K$391K50xas long as short
01 Exchange AAVEUSD−0.0048%1h145.76+0.119%$11K$2K5xas long as short
Phoenix AAVE−0.0027%1h145.87+0.194%$5K$99K10xas long as short
dYdX AAVE-USD0.0000%1h145.84+0.173%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.40−0.129%$77K$1.5M3.4xas long as short
Kraken Futures PF_AAVEUSD+0.0002%1h145.41−0.121%$3.5M$2.1M50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.31−0.188%$70K150xas long as short
Binance AAVEUSDT+0.0029%8h145.27−0.218%$66.3M$187.7M75xas long as short
MEXC AAVE_USDT+0.0030%8h145.43−0.108%$29.6M$26.1M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AAVE/USDC PERP+0.0033%1h136.96−5.926%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h145.33−0.174%20xas long as short
Orderly PERP_AAVE_USDC+0.0052%8h145.28−0.211%$18K$12K10xas long as short
OKX AAVE-USDT-SWAP+0.0066%8h145.26−0.225%$17.8M$67.4M50xas long as short
Gate AAVE_USDT+0.0073%8h145.26−0.225%$7.8M$15.9M75xas long as short
Aevo AAVE-PERP+0.0088%1h145.36−0.160%$123K$14610xas long as short
Lighter AAVE+0.0096%1h145.46−0.089%$4.7M$1.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.73+0.099%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.56−0.021%$801K$445K10xas long as short
Hyperliquid AAVE+0.0100%1h145.35−0.163%$79.9M$34.9M10xas long as short
Aster AAVEUSDT+0.0100%8h145.30−0.197%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.79+0.142%$333K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.25−0.232%$62.0M$66.0M75xas long as short
Arcus AAVE-USD+0.0100%1h145.77+0.125%$51K$273K10xas long as short
Bulk AAVE-USDlong+0.0100%1h145.59long leg$61K$36010x
KuCoin AAVEUSDTM+0.0100%8h145.26−0.225%$9.9M$8.7M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.23−0.245%$30.2M$18.3M75xas long as short
BingX AAVE-USDT+0.0100%8h145.27−0.218%$44.1Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.35−0.163%$347K$746K10xas long as short
Variational Omni AAVE+0.0100%8h145.20−0.269%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h145.63+0.028%$105K$317K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h145.55−0.028%$457K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h145.64+0.036%$135K$230K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.80+0.146%$128K$455K10xas long as short
SunX AAVE-USDT+0.0100%8h145.76+0.121%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.73+0.097%$689K$5.1M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.34−0.170%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.28−0.210%$935K$1.7M50xas long as short
RISEx AAVE/USDC+0.0106%1h145.81+0.153%$185K$247K10xas long as short
BloFin AAVE-USDT+0.0121%8h145.56−0.019%$3.5M$4.1M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0269% / S −0.0449%1h145.29−0.203%$127K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0280%1h145.53−0.039%$790K$3.0M50xas long as short