Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.015%

Price spread now: Bitget against gTrade (Gains Network)+0.003%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Bitget

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	143.87	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	7m 33s	$70K	—	150x
Short	Bitget AAVEUSDT	143.87	0.0100	get 0.0100% / 8h	6h 07m	$29.9M	$17.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.003%Rate

Funding earned: $19.96
Price spread: +0.003% → 0.000%: $0.28
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1.77
Costs to cover: 0.220%
Break-even: 7.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.35 bp	11.6 bp −$12	17.9 bp −$179	30.3 bp −$3,031	doesn't fit

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 41 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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.97	+0.072%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	143.86	−0.004%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.96	+0.062%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.81	−0.039%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.93	+0.044%	$244K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	143.87	long leg	$70K	—	150x
Phoenix AAVE	+0.0006%	1h	143.77	−0.067%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.800%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.81	−0.042%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.92	+0.038%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0079%	8h	143.81	−0.039%	$26.5M	$25.0M	200x	as long as short
Binance AAVEUSDT	+0.0081%	8h	143.82	−0.032%	$64.9M	$183.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0087%	8h	143.78	−0.060%	$17.2M	$64.3M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.92	+0.036%	$199K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.15	+0.197%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.83	−0.026%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.88	+0.013%	$800K	$419K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.92	+0.038%	$77.9M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.97	+0.071%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.96	+0.063%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.79	−0.053%	$61.5M	$64.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.90	+0.024%	$44K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.88	+0.010%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.84	−0.018%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	143.87	+0.003%	$29.9M	$17.6M	75x
BingX AAVE-USDC	+0.0100%	8h	143.85	−0.011%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.00	+0.093%	$321K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	+0.065%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.60	−0.183%	$103K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.60	−0.185%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.67	−0.136%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.84	−0.018%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.94	+0.048%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.92	+0.038%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.21	+0.240%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.88	+0.010%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.09	+0.159%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.81	−0.037%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.94	+0.055%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0251% / S −0.0393%	1h	143.87	+0.002%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.01	+0.100%	$774K	$2.8M	50x	as long as short