Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.023%

Price spread now: Orderly against Extended+0.096%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.096% dearer against Extended than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	145.10	0.0104	pay 0.0013% / 1h	51m 56s	$941K	$1.8M	50x
Short	Orderly PERP_AAVE_USDC	145.24	0.0060	get 0.0060% / 8h	2h 51m	$18K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.096%Rate

Funding earned: −$9.32
Price spread: +0.096% → 0.000%: $9.56
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.76
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 2 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 2 min ago	1.38 bp	4.4 bp −$4	26.3 bp −$263	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	−0.0165%	1h	145.20	+0.068%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.11	+0.006%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	+0.137%	$135K	$229K	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0094%	1h	145.28	+0.123%	$247K	$477K	50x	as long as short
Phoenix AAVE	−0.0044%	1h	145.35	+0.171%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.31	+0.144%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.32	+0.151%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.34	+0.165%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.28	+0.125%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.611%	$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	145.21	+0.074%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.19	+0.061%	$17.7M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDCshort	+0.0060%	8h	145.24	+0.096%	$18K	$12K	10x
Gate AAVE_USDT	+0.0077%	8h	145.19	+0.061%	$7.8M	$15.5M	75x	as long as short
MEXC AAVE_USDT	+0.0081%	8h	145.16	+0.041%	$32.3M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0081%	8h	145.15	+0.035%	$66.0M	$181.1M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.33	+0.156%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.18	+0.055%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.12	+0.012%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.14	+0.027%	$814K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.31	+0.144%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.22	+0.083%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.18	+0.054%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.24	+0.096%	$62.0M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.12	+0.013%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.788%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.27	+0.116%	$10.0M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.11	+0.006%	$29.8M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.19	+0.061%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.28	+0.123%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.181%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	+0.251%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+0.390%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.26	+0.109%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.23	+0.091%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.28	+0.123%	$739K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.24	+0.096%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	145.10	long leg	$941K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	144.85	−0.176%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.31	+0.144%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.35	+0.171%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.34	+0.167%	$125K	—	100x	as long as short