Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.013%

Price spread now: Aevo against Gate+0.226%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1251.252% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.226%, 7d avg +0.013%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.212% dearer against Gate than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	146.44	0.0028	pay 0.0028% / 8h	7h 21m	$7.9M	$15.3M	75x
Short	Aevo AAVE-PERP	146.77	0.0088	get 0.0011% / 1h	21m 07s	$124K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now +0.226%Rate

Funding earned: $12.6
Price spread: +0.226% → +0.013%: $21.24
Slippage, 4 orders: −$94.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$91.36
Costs to cover: 1.252%
Break-even: 57.8 days

Slippage from Gate: live order book, 3 min ago; Aevo: live order book, 52 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 Gate live order book, 3 min ago	1.36 bp	16.1 bp −$16	25.1 bp −$251	43.7 bp −$4,374	50.0 bp −$25.0K
Sell Aevo live order book, 52 min ago	33.86 bp	47.7 bp −$48	277.6 bp −$2,776	doesn't fit	doesn't fit

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.62	+0.121%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.42	−0.014%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0091%	1h	146.54	+0.068%	$255K	$369K	50x	as long as short
SoDEX AAVE-USD	−0.0090%	1h	146.50	+0.041%	$5K	$305K	10x	as long as short
Phemex AAVEUSDT	−0.0018%	8h	146.52	+0.055%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.58	+0.096%	$105K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.51	+0.048%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.78	+0.232%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.55	+0.074%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0021%	8h	146.49	+0.032%	$66.4M	$183.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0021%	8h	146.42	−0.014%	$29.1M	$25.8M	200x	as long as short
Gate AAVE_USDTlong	+0.0028%	8h	146.44	long leg	$7.9M	$15.3M	75x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.474%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.45	+0.005%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.46	+0.014%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.39	−0.034%	$18.0M	$66.5M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0072%	1h	146.58	+0.096%	$136K	$231K	50x	as long as short
Bybit AAVEUSDT	+0.0080%	8h	146.42	−0.014%	$62.7M	$65.0M	75x	as long as short
BloFin AAVE-USDT	+0.0084%	8h	146.49	+0.034%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERPshort	+0.0088%	1h	146.77	+0.226%	$124K	$146	10x
Lighter AAVE	+0.0096%	1h	146.71	+0.186%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.44	−0.001%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.45	+0.010%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.52	+0.055%	$79.9M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.48	+0.026%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.49	+0.034%	$334K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.49	+0.034%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	−0.057%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.46	+0.014%	$10.4M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.41	−0.020%	$30.4M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.42	−0.014%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.53	+0.061%	$334K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.001%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.55	+0.078%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.62	+0.123%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.54	+0.068%	$127K	$415K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.49	+0.037%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.60	+0.113%	$713K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.44	−0.003%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.53	+0.064%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.55	+0.076%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.88	+0.300%	$788K	$2.9M	50x	as long as short