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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0215%/8h= −23.5% APRnext payment $0.27 per $10,000 · paid last 24h −0.055%
Price spread now: Injective against Coinbase International−5.837%64s7-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 7 days−0.281%−$28 on $10k
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 Injective is 5.837% cheaper against Coinbase International than usual: you would sell low and buy high (−$584 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAVE-PERP-INTX145.450.0248pay 0.0031% / 1h55m 42s$781K$3.0M50x
ShortInjective AAVE/USDC PERP136.960.0033get 0.0004% / 1h55m 42s$422$51K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$45.08
Price spread: −5.837% → 0.000%
−$583.71
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$638.81
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 3 min ago; 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 Coinbase International live order book, 3 min ago3.77 bp14.4 bp −$1419.9 bp −$199doesn't fitdoesn't fit
Sell Injective no order-book sample
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
SoDEX AAVE-USD−0.0276%1h145.23−0.151%$5K$308K10xas long as short
01 Exchange AAVEUSD−0.0184%1h145.29−0.110%$11K$2K5xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0163%1h145.29−0.110%$236K$466K50xas long as short
Phoenix AAVE−0.0039%1h145.71+0.179%$4K$101K10xas long as short
dYdX AAVE-USD0.0000%1h145.47+0.017%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.37−0.055%$64K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.25−0.135%$70K150xas long as short
Kraken Futures PF_AAVEUSD+0.0012%1h145.35−0.072%$3.5M$2.0M50xas long as short
Injective AAVE/USDC PERPshort+0.0033%1h136.96−5.837%$422$51K12x
Reya AAVERUSDPERP+0.0044%1h145.19−0.177%20xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX AAVE-USDT-SWAP+0.0053%8h145.51+0.041%$17.8M$65.4M50xas long as short
Orderly PERP_AAVE_USDC+0.0061%8h145.26−0.131%$18K$12K10xas long as short
ApeX Omni AAVEUSDT+0.0076%1h145.72+0.186%$135K$229K50xas long as short
Gate AAVE_USDT+0.0080%8h145.29−0.110%$7.8M$15.4M75xas long as short
Binance AAVEUSDT+0.0082%8h145.39−0.041%$66.0M$180.9M75xas long as short
MEXC AAVE_USDT+0.0086%8h145.15−0.206%$32.4M$25.9M200xas long as short
Lighter AAVE+0.0096%1h145.58+0.090%$4.7M$1.6M10xas long as short
RISEx AAVE/USDC+0.0097%1h145.37−0.055%$181K$242K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.32−0.089%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.19−0.175%$814K$439K10xas long as short
Hyperliquid AAVE+0.0100%1h145.44−0.007%$81.4M$32.4M10xas long as short
Aster AAVEUSDT+0.0100%8h145.22−0.158%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.38−0.045%$331K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.50+0.034%$62.1M$64.6M75xas long as short
Arcus AAVE-USD+0.0100%1h145.31−0.096%$51K$274K10xas long as short
Bulk AAVE-USD+0.0100%1h146.24+0.546%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.18−0.186%$10.0M$8.4M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.26−0.131%$29.7M$17.7M75xas long as short
BingX AAVE-USDC+0.0100%8h145.23−0.151%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.31−0.096%$344K$683K10xas long as short
Variational Omni AAVE+0.0100%8h146.44+0.679%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h145.76+0.211%$101K$311K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h145.69+0.163%$461K$4.1M10xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.27−0.124%$127K$468K10xas long as short
SunX AAVE-USDT+0.0100%8h145.19−0.177%$1K$1.2M20xas long as short
HTX AAVE-USDT+0.0100%8h145.49+0.029%$740K$4.8M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.33−0.083%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.20−0.173%$941K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h145.29−0.110%$123K$14610xas long as short
BloFin AAVE-USDT+0.0206%8h145.29−0.110%$3.6M$5.3M100xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0248%1h145.45long leg$781K$3.0M50x
GMX AAVE/USD [AAVE-USDC]L +0.0266% / S −0.0438%1h145.25−0.138%$125K100xas long as short