Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.8% APRpaid last 24h −0.020%

Price spread now: Binance against Extended−0.097%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days+0.141%+$14 · spread now −0.097%, 7d avg +0.065%

Together, before fees+0.079%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.162% cheaper against Extended than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	145.87	0.0104	pay 0.0013% / 1h	10m 05s	$940K	$1.7M	50x
Short	Binance AAVEUSDT	145.73	0.0032	get 0.0032% / 8h	10m 05s	$66.5M	$186.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.097%Rate

Funding earned: −$15.03
Price spread: −0.097% → +0.065%: −$16.2
Slippage, 4 orders: −$14.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.87
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Binance: live order book, 3 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, 3 min ago	2.74 bp	6.4 bp −$6	19.6 bp −$196	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.34 bp	7.5 bp −$7	13.8 bp −$138	40.9 bp −$4,095	158.2 bp −$79.1K

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
SoDEX AAVE-USD	−0.0116%	1h	145.88	+0.006%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	146.22	+0.239%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	146.26	+0.266%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.05	+0.122%	$255K	$391K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	+0.143%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.79	−0.056%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.00	+0.091%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.21	+0.229%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	145.88	+0.006%	$29.8M	$26.1M	200x	as long as short
Binance AAVEUSDTshort	+0.0032%	8h	145.73	−0.097%	$66.5M	$186.9M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.109%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	+0.118%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.00	+0.088%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0068%	8h	145.72	−0.104%	$17.9M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.77	−0.070%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.98	+0.076%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.09	+0.151%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.13	+0.176%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.15	+0.191%	$804K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.96	+0.061%	$80.5M	$34.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.92	+0.033%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.14	+0.183%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.75	−0.083%	$62.1M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.20	+0.225%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.23	+0.248%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.88	+0.006%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.76	−0.076%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.78	−0.063%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.90	+0.020%	$346K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.93	+0.043%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.13	+0.177%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.16	+0.200%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.12	+0.170%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.24	+0.253%	$128K	$454K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.17	+0.207%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.153%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.99	+0.081%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	145.87	long leg	$940K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.25	+0.259%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0130%	8h	145.93	+0.040%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.17	+0.206%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.27	+0.273%	$789K	$3.0M	50x	as long as short