Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: Aster against Extended+0.048%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.048%, 7d avg +0.076%

Together, before fees+0.064%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.028% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	145.55	0.0104	pay 0.0013% / 1h	1m 28s	$935K	$1.7M	50x
Short	Aster AAVEUSDT	145.62	0.0100	get 0.0100% / 8h	1h 01m	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$0.84
Price spread: +0.048% → +0.076%: −$2.8
Slippage, 4 orders: −$19.86
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.5
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Aster: live order book, 2 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 Extended live order book, 2 min ago	2.40 bp	5.9 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	4.12 bp	10.8 bp −$11	25.9 bp −$259	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	−0.0120%	1h	145.61	+0.040%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.58	+0.020%	$254K	$421K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.62	+0.047%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0012%	1h	145.58	+0.020%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.58	+0.018%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.58	+0.020%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.66	+0.078%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.903%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.59	+0.026%	$30.6M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0041%	8h	145.60	+0.033%	$66.4M	$185.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.54	−0.008%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.66	+0.074%	$184K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.59	+0.026%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.70	+0.103%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0061%	8h	145.60	+0.033%	$17.7M	$67.1M	50x	as long as short
Gate AAVE_USDT	+0.0072%	8h	145.62	+0.047%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.66	+0.073%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.84	+0.197%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.65	+0.066%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.58	+0.020%	$806K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.71	+0.109%	$80.1M	$33.8M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	145.62	+0.048%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	145.63	+0.057%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.61	+0.040%	$62.1M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.61	+0.040%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.13	−0.292%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.58	+0.020%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.68	+0.088%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.59	+0.026%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.71	+0.109%	$350K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.35	−0.142%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.58	+0.019%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.53	−0.015%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.49	−0.042%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.64	+0.061%	$128K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.62	+0.048%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.70	+0.101%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.63	+0.054%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	145.55	long leg	$935K	$1.7M	50x
BloFin AAVE-USDT	+0.0161%	8h	145.65	+0.068%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.65	+0.070%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.76	+0.143%	$791K	$3.0M	50x	as long as short