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−0.0196%/8h= −21.5% APRnext payment $0.24 per $10,000 · paid last 24h −0.043%
Price spread now: Bulk against Coinbase International−0.057%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 −$6 a day on $10k at the current rate, and Bulk is 0.057% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAVE-PERP-INTX146.440.0296pay 0.0037% / 1h19m 43s$785K$2.9M50x
ShortBulk AAVE-USD146.360.0100get 0.0013% / 1h19m 43s$61K−$010x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
−$41.16
Price spread: −0.057% → 0.000%
−$5.74
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$63.9
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 4 min ago; Bulk: 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 Coinbase International live order book, 4 min ago6.13 bp12.2 bp −$1216.2 bp −$162doesn't fitdoesn't fit
Sell Bulk no order-book sample
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
Kraken Futures PF_AAVEUSD−0.0184%1h146.37−0.049%$3.5M$2.0M50xas long as short
01 Exchange AAVEUSD−0.0160%1h146.30−0.096%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0092%1h146.25−0.130%$5K$305K10xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0092%1h146.27−0.116%$255K$369K50xas long as short
dYdX AAVE-USD0.0000%1h146.28−0.112%$104K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h146.34−0.068%$78K$1.5M3.4xas long as short
Phoenix AAVE0.0000%1h146.78+0.232%$5K$102K10xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.35−0.062%$71K150xas long as short
Gate AAVE_USDT+0.0007%8h146.19−0.171%$7.9M$15.3M75xas long as short
Phemex AAVEUSDT+0.0009%8h146.36−0.055%$4.2M$3.8M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AAVE_USDT+0.0020%8h146.27−0.116%$29.0M$25.8M200xas long as short
Binance AAVEUSDT+0.0021%8h146.13−0.213%$66.2M$183.5M75xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.474%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h146.23−0.145%20xas long as short
Orderly PERP_AAVE_USDC+0.0045%8h146.27−0.116%$18K$10K10xas long as short
OKX AAVE-USDT-SWAP+0.0063%8h146.12−0.219%$17.9M$66.3M50xas long as short
Bybit AAVEUSDT+0.0068%8h146.08−0.246%$62.6M$65.0M75xas long as short
ApeX Omni AAVEUSDT+0.0072%1h146.58+0.096%$136K$231K50xas long as short
BloFin AAVE-USDT+0.0084%8h146.49+0.034%$3.5M$3.5M100xas long as short
Aevo AAVE-PERP+0.0088%1h146.74+0.206%$124K$14610xas long as short
Lighter AAVE+0.0096%1h146.36−0.053%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.20−0.162%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h146.24−0.137%$800K$423K10xas long as short
Hyperliquid AAVE+0.0100%1h146.26−0.123%$79.7M$35.4M10xas long as short
Aster AAVEUSDT+0.0100%8h146.34−0.069%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.28−0.106%$334K$502K10xas long as short
Arcus AAVE-USD+0.0100%1h146.30−0.096%$46K$278K10xas long as short
Bulk AAVE-USDshort+0.0100%1h146.36−0.057%$61K−$010x
KuCoin AAVEUSDTM+0.0100%8h146.29−0.102%$10.4M$8.9M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.25−0.130%$30.3M$17.9M75xas long as short
BingX AAVE-USDC+0.0100%8h146.20−0.164%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.26−0.123%$334K$737K10xas long as short
Variational Omni AAVE+0.0100%8h146.44+0.001%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h146.55+0.078%$106K$317K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h146.62+0.123%$464K$3.7M10xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.33−0.075%$127K$415K10xas long as short
SunX AAVE-USDT+0.0100%8h146.29−0.100%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.46+0.013%$712K$5.2M75xas long as short
Extended AAVE-USD+0.0104%1h146.17−0.186%$939K$1.7M50xas long as short
RISEx AAVE/USDC+0.0107%1h146.33−0.072%$185K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0233% / S −0.0363%1h146.34−0.068%$128K100xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0296%1h146.44long leg$785K$2.9M50x