Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.024%

Price spread now: Bulk against Gate−0.332%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Bulk

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. Bulk is 0.332% cheaper against Gate than usual: you would sell low and buy high (spread −0.332% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 38 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	Gate AAVE_USDT	145.61	0.0071	pay 0.0071% / 8h	1h 01m	$7.8M	$15.9M	75x
Short	Bulk AAVE-USD	145.13	0.0100	get 0.0013% / 1h	1m 55s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.332%Rate

Funding earned: $6.09
Price spread: −0.332% → 0.000%: −$33.21
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$49.12
Costs to cover: 0.220%
Break-even: 63.5 days

Slippage unknown: Gate: live order book, 2 min ago; Bulk: 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 Gate live order book, 2 min ago	1.72 bp	14.1 bp −$14	28.7 bp −$287	40.8 bp −$4,084	45.7 bp −$22.9K
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−0.0120%	1h	145.63	+0.014%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.58	−0.021%	$254K	$421K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.62	+0.007%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0012%	1h	145.58	−0.021%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.58	−0.022%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.58	−0.021%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.64	+0.023%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.941%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	145.60	−0.007%	$30.6M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0041%	8h	145.63	+0.014%	$66.4M	$185.0M	75x	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	145.58	−0.020%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.67	+0.043%	$184K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.57	−0.027%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.70	+0.062%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0061%	8h	145.62	+0.007%	$17.7M	$67.1M	50x	as long as short
Gate AAVE_USDTlong	+0.0071%	8h	145.61	long leg	$7.8M	$15.9M	75x
Aevo AAVE-PERP	+0.0088%	1h	145.64	+0.021%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.80	+0.130%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.66	+0.036%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.60	−0.007%	$806K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.72	+0.076%	$80.1M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.66	+0.034%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.65	+0.027%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.63	+0.014%	$62.1M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.63	+0.014%	$50K	$273K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	145.13	−0.332%	$61K	$3K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	145.63	+0.014%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.68	+0.048%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.63	+0.014%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.71	+0.069%	$350K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.35	−0.182%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	−0.096%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.53	−0.055%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.24	−0.254%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.67	+0.041%	$128K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.62	+0.008%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.70	+0.060%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.63	+0.014%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.59	−0.013%	$935K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.65	+0.027%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.63	+0.017%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.76	+0.103%	$791K	$3.0M	50x	as long as short