Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.288%

Price spread now: Aster against Deribit+0.035%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.471%+$47 on $10k

Price spread, last 4 days (all we have)−0.487%−$49 · spread now +0.035%, 7d avg +0.031%

Together, before fees−0.016%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	142.59	0	get 0.0000% / 1h	54m 13s	$224K	$396K	50x
Short	Aster AAVEUSDT	142.64	0.0100	get 0.0100% / 8h	4h 54m	$1.3M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.035%Rate

Funding earned: $21
Price spread: +0.035% → +0.031%: $0.4
Slippage, 4 orders: −$24.39
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.99
Costs to cover: 0.394%
Break-even: 13.0 days

Slippage from Deribit: live order book, 65 min ago; Aster: live order book, 4 min ago.

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 Deribit live order book, 65 min ago	6.58 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	2.11 bp	9.9 bp −$10	30.9 bp −$309	doesn't fit	doesn't fit

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
01 Exchange AAVEUSD	−0.0136%	1h	142.62	+0.021%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	142.57	−0.014%	$5K	$303K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.65	+0.043%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.64	+0.035%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALlong	0.0000%	1h	142.59	long leg	$224K	$396K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.69	+0.074%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.948%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.65	+0.044%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.53	−0.042%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0054%	1h	142.60	+0.005%	$835K	$438K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0065%	1h	142.29	−0.210%	$132K	$219K	50x	as long as short
Phoenix AAVE	+0.0089%	1h	142.93	+0.238%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.68	+0.065%	$4.5M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.62	+0.019%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.76	+0.116%	$77.1M	$35.0M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	142.64	+0.035%	$1.3M	$1.3M	50x
Pacifica AAVE	+0.0100%	1h	142.66	+0.052%	$324K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.57	−0.014%	$63.9M	$184.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.61	+0.014%	$61.2M	$65.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.58	−0.007%	$17.0M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	+0.070%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.63	+0.028%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.56	−0.021%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.58	−0.007%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.50	−0.063%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.58	−0.007%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.69	+0.070%	$347K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.65	+0.043%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.24	−0.243%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	−0.309%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.71	+0.084%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.59	+0.003%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.76	+0.121%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.56	−0.021%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.061%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.54	−0.036%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.57	−0.011%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.73	+0.096%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.53	−0.042%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.67	+0.057%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.64	+0.033%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.161%	$774K	$2.8M	50x	as long as short