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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0120%/8h= −13.1% APRnext payment $0.15 per $10,000 · paid last 24h +0.039%
Price spread now: 01 Exchange against Coinbase International−0.089%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 −$4 a day on $10k at the current rate, and 01 Exchange is 0.089% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 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-INTX146.110.0208pay 0.0026% / 1h48m 02s$795K$3.0M50x
Short01 Exchange AAVEUSD145.980.0088get 0.0011% / 1h48m 02s$11K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$25.2
Price spread: −0.089% → 0.000%
−$8.9
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$51.1
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago3.42 bp13.6 bp −$1419.4 bp −$194doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX AAVE-USD−0.0255%1h145.93−0.123%$5K$299K10xas long as short
Kraken Futures PF_AAVEUSD−0.0061%1h146.08−0.018%$3.5M$2.0M50xas long as short
Phoenix AAVE−0.0039%1h146.04−0.048%$4K$95K10xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0024%1h146.03−0.055%$212K$379K50xas long as short
dYdX AAVE-USD0.0000%1h146.03−0.051%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h146.01−0.068%$75K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.07−0.025%$71K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.262%$422$51K12xas long as short
OKX AAVE-USDT-SWAP+0.0036%8h145.90−0.144%$18.3M$64.4M50xas long as short
Reya AAVERUSDPERP+0.0044%1h145.95−0.110%20xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_AAVE_USDC+0.0068%8h146.00−0.075%$18K$12K10xas long as short
01 Exchange AAVEUSDshort+0.0088%1h145.98−0.089%$11K$2K5x
Gate AAVE_USDT+0.0089%8h145.96−0.103%$7.8M$14.6M75xas long as short
RISEx AAVE/USDC+0.0090%1h145.97−0.093%$190K$236K10xas long as short
Variational Omni AAVE+0.0092%8h146.11−0.003%$3.8M$1.3Mas long as short
MEXC AAVE_USDT+0.0092%8h145.95−0.110%$33.3M$24.6M200xas long as short
Binance AAVEUSDT+0.0092%8h145.86−0.171%$66.1M$174.8M75xas long as short
Lighter AAVE+0.0096%1h146.20+0.059%$4.7M$1.6M10xas long as short
Nado AAVE-PERP+0.0100%1h145.90−0.147%$832K$430K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.90−0.143%$14K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h146.05−0.041%$1.4M$1.1M50xas long as short
Pacifica AAVE+0.0100%1h146.02−0.060%$341K$484K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.86−0.171%$61.7M$62.5M75xas long as short
Arcus AAVE-USD+0.0100%1h145.94−0.116%$50K$336K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.97−0.096%$10.4M$8.4M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.86−0.171%$30.2M$17.1M75xas long as short
BingX AAVE-USDC+0.0100%8h145.85−0.178%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.03−0.055%$346K$596K10xas long as short
edgeX AAVEUSDC+0.0100%4h146.03−0.058%$99K$311K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h145.96−0.105%$454K$3.9M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h146.00−0.075%$136K$235K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.04−0.048%$131K$465K10xas long as short
SunX AAVE-USDT+0.0100%8h145.91−0.134%$2K$1.2M20xas long as short
HTX AAVE-USDT+0.0100%8h146.18+0.047%$744K$4.8M75xas long as short
Phemex AAVEUSDT+0.0100%8h146.03−0.055%$4.1M$3.7M50xas long as short
Bulk AAVE-USD+0.0100%1h145.94−0.117%$61K$3K10xas long as short
Extended AAVE-USD+0.0104%1h145.84−0.182%$943K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h145.98−0.088%$123K$14610xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0208%1h146.11long leg$795K$3.0M50x
BloFin AAVE-USDT+0.0215%8h146.02−0.062%$3.6M$5.3M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0269% / S −0.0451%1h146.10−0.010%$128K100xas long as short
Hyperliquid AAVE+0.0512%1h146.14+0.021%$83.1M$30.2M10xas long as short