Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.016%

Price spread now: BloFin against Extended−0.013%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)+0.330%+$33 · spread now −0.013%, 7d avg +0.071%

Together, before fees+0.494%+ Points / potential airdropExtended: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.084% cheaper against Extended than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.071%). If the spread goes back, that is −$8 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	144.34	0.0104	pay 0.0013% / 1h	34m 47s	$928K	$1.8M	50x
Short	BloFin AAVE-USDT	144.32	0.0188	get 0.0188% / 8h	2h 34m	$3.5M	$5.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.013%Rate

Funding earned: $17.68
Price spread: −0.013% → +0.071%: −$8.41
Slippage, 4 orders: −$11.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.15
Costs to cover: 0.284%
Break-even: 14.6 days

Slippage from Extended: live order book, 4 min ago; BloFin: 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 Extended live order book, 4 min ago	3.12 bp	7.1 bp −$7	23.4 bp −$234	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.35 bp	8.1 bp −$8	16.9 bp −$169	32.5 bp −$3,252	71.7 bp −$35.8K

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
Deribit AAVE_USDC-PERPETUAL	−0.0304%	1h	144.39	+0.036%	$248K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0194%	1h	144.34	+0.001%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.32	−0.013%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.13	−0.144%	$4K	$101K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0026%	1h	144.08	−0.179%	$134K	$229K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	+0.046%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.45	+0.077%	$71K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.41	+0.046%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.51	+0.116%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.112%	$422	$51K	12x	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	144.34	−0.001%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.40	+0.043%	$17.5M	$65.7M	50x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.34	+0.001%	$7.7M	$15.8M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0055%	8h	144.32	−0.013%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0068%	8h	144.42	+0.057%	$31.8M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0068%	8h	144.33	−0.003%	$65.7M	$183.3M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	144.12	−0.154%	$450K	$4.0M	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	144.34	+0.005%	$801K	$437K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.55	+0.148%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.40	+0.043%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.37	+0.019%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	+0.033%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.47	+0.091%	$80.2M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.45	+0.080%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.36	+0.014%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.40	+0.043%	$61.5M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.32	−0.013%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.61	+0.191%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.50	+0.112%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.37	+0.022%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.39	+0.036%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.56	+0.154%	$378K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.08	−0.179%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.12	−0.153%	$100K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.40	+0.043%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.34	+0.005%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.46	+0.084%	$725K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.43	+0.063%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	144.34	long leg	$928K	$1.8M	50x
BloFin AAVE-USDTshort	+0.0188%	8h	144.32	−0.013%	$3.5M	$5.3M	100x
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.015%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.40	+0.042%	$124K	—	100x	as long as short