Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against Gate+0.007%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.007%, 7d avg −0.013%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.020% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it 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	142.72	0.0100	pay 0.0100% / 8h	3h 08m	$8.0M	$16.2M	75x
Short	Bybit AAVEUSDT	142.73	0.0100	get 0.0100% / 8h	3h 08m	$61.4M	$67.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.013%: $2.05
Slippage, 4 orders: −$19.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.43
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	0.70 bp	12.3 bp −$12	30.1 bp −$301	44.3 bp −$4,429	49.5 bp −$24.7K
Sell Bybit live order book, 5 min ago	0.35 bp	7.6 bp −$8	15.1 bp −$151	58.1 bp −$5,810	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
dYdX AAVE-USD	0.0000%	1h	142.71	−0.007%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.52	−0.140%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.52	−0.140%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.54	−0.126%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.036%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.74	+0.014%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0037%	1h	142.54	−0.123%	$830K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.44	−0.199%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.52	−0.140%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0069%	8h	142.55	−0.119%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.73	+0.005%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.74	+0.014%	$78.0M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.67	−0.032%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.70	−0.017%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.69	−0.021%	$63.7M	$188.1M	75x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	142.73	+0.007%	$61.4M	$67.8M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.74	+0.014%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.84	+0.084%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.97	+0.175%	$58K	−$0	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	142.72	long leg	$8.0M	$16.2M	75x
MEXC AAVE_USDT	+0.0100%	8h	142.71	−0.007%	$25.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.64	−0.056%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.71	−0.007%	$29.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.73	+0.007%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.68	−0.028%	$335K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.66	−0.043%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.93	+0.145%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.96	+0.168%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.98	+0.182%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.63	−0.063%	$131K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.62	−0.071%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.51	−0.147%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.59	−0.095%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.70	−0.015%	$904K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.64	−0.056%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.53	−0.135%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.81	+0.065%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.49	−0.161%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.60	−0.085%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.52	−0.142%	$111K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	142.87	+0.102%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.91	+0.133%	$781K	$2.8M	50x	as long as short