Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.009%

Price spread now: Binance against gTrade (Gains Network)−0.027%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.027% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	144.73	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	43m 04s	$70K	—	150x
Short	Binance AAVEUSDT	144.69	0.0035	get 0.0035% / 8h	1h 43m	$65.7M	$185.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: $6.38
Price spread: −0.027% → 0.000%: −$2.7
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.31
Costs to cover: 0.200%
Break-even: 24.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 15 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	0.35 bp	8.6 bp −$9	16.4 bp −$164	49.6 bp −$4,965	155.7 bp −$77.8K

gTrade (Gains Network): 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
01 Exchange AAVEUSD	−0.0184%	1h	144.61	−0.084%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0068%	1h	144.67	−0.043%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.56	−0.119%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.71	−0.015%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.60	−0.094%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.60	−0.091%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	144.73	long leg	$70K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.370%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0035%	8h	144.75	+0.012%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDTshort	+0.0035%	8h	144.69	−0.027%	$65.7M	$185.3M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.69	−0.030%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.68	−0.034%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.70	−0.022%	$17.4M	$66.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.65	−0.057%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.80	+0.049%	$3.5M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0056%	1h	143.94	−0.547%	$60K	$3K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	144.74	+0.006%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.69	−0.029%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.30	−0.299%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.90	+0.113%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	−0.057%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.72	−0.012%	$801K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.84	+0.075%	$79.4M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.75	+0.014%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.60	−0.090%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.72	−0.008%	$61.5M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.64	−0.064%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.71	−0.015%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.68	−0.036%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.71	−0.015%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.82	+0.061%	$382K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.94	−0.546%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.22	−0.354%	$102K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.27	−0.319%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.81	+0.054%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.60	−0.089%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.06	+0.225%	$719K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.64	−0.064%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.68	−0.036%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	144.60	−0.091%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.72	−0.011%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.644%	$772K	$3.0M	50x	as long as short