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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0272%/8h= −29.8% APRnext payment $0.34 per $10,000 · paid last 24h −0.052%
Price spread now: Aevo against Coinbase International−0.224%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$950.952% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.154%−$15 on $10k
Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.224%, 7d avg −0.063%
Together, before fees+0.143%+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aevo is 0.161% cheaper against Coinbase International than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAVE-PERP-INTX143.950.0376pay 0.0047% / 1h0m 12s$769K$2.9M50x
ShortAevo AAVE-PERP143.630.0104get 0.0013% / 1h0m 12s$121K$14610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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
−$57.12
Price spread: −0.224% → −0.063%
−$16.1
Slippage, 4 orders
−$69.2
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$168.42
Costs to cover
0.952%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Aevo: live order book, 48 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 4 min ago3.47 bp12.9 bp −$1317.0 bp −$170doesn't fitdoesn't fit
Sell Aevo live order book, 48 min ago21.97 bp38.5 bp −$38233.6 bp −$2,336doesn't fitdoesn't fit

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
dYdX AAVE-USD0.0000%1h143.68−0.187%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h143.68−0.188%$47K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h143.61−0.236%$218K$396K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h143.63−0.226%$80K150xas long as short
Nado AAVE-PERP+0.0031%1h143.65−0.208%$834K$400K10xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.856%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h143.56−0.274%20xas long as short
Orderly PERP_AAVE_USDC+0.0074%8h143.60−0.243%$18K$10K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h143.64−0.213%$13K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h143.65−0.205%$1.2M$1.2M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica AAVE+0.0100%1h143.71−0.168%$328K$448K10xas long as short
Binance AAVEUSDT+0.0100%8h143.59−0.247%$64.6M$191.9M75xas long as short
Bybit AAVEUSDT+0.0100%8h143.57−0.264%$61.8M$68.1M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h143.48−0.327%$17.3M$65.5M50xas long as short
Arcus AAVE-USD+0.0100%1h143.71−0.167%$64K$198K10xas long as short
Bulk AAVE-USD+0.0100%1h143.91−0.028%$58K−$010xas long as short
Gate AAVE_USDT+0.0100%8h143.50−0.313%$8.0M$16.3M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.56−0.271%$25.0M$24.2M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.64−0.215%$10.3M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.57−0.264%$29.4M$18.4M75xas long as short
BingX AAVE-USDT+0.0100%8h143.50−0.313%$43.7Mas long as short
Variational Omni AAVE+0.0100%8h143.75−0.140%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.85−0.070%$107K$283K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.91−0.028%$455K$3.9M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h144.07+0.083%$134K$221K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h143.66−0.201%$142K$469K10xas long as short
SunX AAVE-USDT+0.0100%8h143.60−0.246%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.59−0.250%$5K$314K10xas long as short
HTX AAVE-USDT+0.0100%8h143.91−0.025%$683K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h143.65−0.208%$4.0M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h143.53−0.290%$915K$1.7M50xas long as short
Aevo AAVE-PERPshort+0.0104%1h143.63−0.224%$121K$14610x
Phoenix AAVE+0.0118%1h144.03+0.056%$4K$106K10xas long as short
01 Exchange AAVEUSD+0.0128%1h143.65−0.208%$10K$2K5xas long as short
Backpack AAVE_USDC_PERP+0.0158%1h143.59−0.250%$340K$727K10xas long as short
Hyperliquid AAVE+0.0167%1h143.69−0.181%$78.5M$37.3M10xas long as short
RISEx AAVE/USDC+0.0207%1h143.66−0.199%$198K$263K10xas long as short
BloFin AAVE-USDT+0.0220%8h143.85−0.069%$3.3M$3.6M100xas long as short
Kraken Futures PF_AAVEUSD+0.0236%1h143.69−0.180%$3.4M$2.1M50xas long as short
Lighter AAVE+0.0248%1h143.81−0.096%$4.6M$2.5M10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h143.63−0.225%$112K100xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0376%1h143.95long leg$769K$2.9M50x