Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.079%

Price spread now: 01 Exchange against Bybit−0.021%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on 01 Exchange

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.021% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	146.22	0.0100	pay 0.0100% / 8h	57m 03s	$62.4M	$66.0M	75x
Short	01 Exchange AAVEUSD	146.19	0	get 0.0000% / 1h	57m 03s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Bybit. 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 BybitbpFee 01 ExchangebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$21
Price spread: −0.021% → 0.000%: −$2.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$41.05
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	0.34 bp	9.7 bp −$10	15.6 bp −$156	56.9 bp −$5,694	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Phoenix AAVE	−0.0045%	1h	146.30	+0.055%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.19	−0.021%	$256K	$417K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	+0.044%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSDshort	0.0000%	1h	146.19	−0.021%	$11K	$2K	5x
Kalshi KXAAVEPERP	0.0000%	8h	146.21	−0.007%	$74K	$1.5M	3.4x	as long as short
SoDEX AAVE-USD	+0.0002%	1h	146.17	−0.034%	$5K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.28	+0.039%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.22	−0.003%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.333%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.18	−0.027%	$30.6M	$25.5M	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	+0.0043%	8h	146.17	−0.032%	$66.6M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.14	−0.056%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.15	−0.048%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	146.21	−0.007%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	146.19	−0.021%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.19	−0.017%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.38	+0.106%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.18	−0.030%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.065%	$809K	$437K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.20	−0.012%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.20	−0.016%	$334K	$504K	10x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	146.22	long leg	$62.4M	$66.0M	75x
Arcus AAVE-USD	+0.0100%	1h	146.16	−0.041%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.294%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.16	−0.041%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.19	−0.021%	$30.6M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.17	−0.034%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	145.55	−0.461%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.73	−0.333%	$105K	$315K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.61	−0.418%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.79	−0.294%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.22	0.000%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.16	−0.040%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.35	+0.088%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	−0.075%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.15	−0.051%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.20	−0.011%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.17	−0.034%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0216%	1h	146.35	+0.089%	$80.8M	$34.2M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0219%	1h	146.27	+0.034%	$353K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.22	−0.001%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.144%	$795K	$3.1M	50x	as long as short