Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0215%/8h= +23.5% APRpaid last 24h +0.040%

Price spread now: BloFin against gTrade (Gains Network)−0.010%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 BloFin

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: +$6 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	143.96	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	54m 54s	$80K	—	150x
Short	BloFin AAVE-USDT	143.95	0.0220	get 0.0220% / 8h	3h 54m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $45.16
Price spread: −0.010% → 0.000%: −$0.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $22.18
Costs to cover: 0.220%
Break-even: 3.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.70 bp	11.4 bp −$11	15.8 bp −$158	37.6 bp −$3,756	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 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
dYdX AAVE-USD	0.0000%	1h	143.66	−0.215%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.85	−0.079%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.94	−0.017%	$221K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	143.96	long leg	$80K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.865%	$422	$51K	12x	as long as short
Phemex AAVEUSDT	+0.0039%	8h	143.92	−0.031%	$4.0M	$3.7M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	−0.075%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.95	−0.010%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.71	−0.176%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.85	−0.076%	$846K	$404K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.11	+0.102%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.59	−0.261%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.15	+0.128%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.70	−0.183%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.97	+0.005%	$64.4M	$187.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.96	−0.003%	$61.9M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.95	−0.010%	$17.2M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.90	−0.044%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.996%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.97	+0.004%	$8.2M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.94	−0.017%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.06	+0.067%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.89	−0.051%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.94	−0.017%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.406%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.58	−0.267%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.54	−0.296%	$462K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.60	−0.253%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.91	−0.038%	$125K	$439K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.97	+0.001%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.99	+0.018%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.93	−0.022%	$692K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.87	−0.065%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.94	−0.018%	$122K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	143.87	−0.065%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.85	−0.083%	$185K	$250K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0154%	1h	144.22	+0.178%	$339K	$720K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	143.95	−0.010%	$3.3M	$3.6M	100x
Kraken Futures PF_AAVEUSD	+0.0246%	1h	144.09	+0.089%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.94	−0.020%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.82	−0.100%	$789K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0423%	1h	144.16	+0.136%	$79.3M	$36.7M	10x	as long as short