Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.005%

Price spread now: Injective against Gate−4.922%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 4.922% cheaper against Gate than usual: you would sell low and buy high (−$492 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	144.05	0.0059	pay 0.0059% / 8h	1h 56m	$7.8M	$15.8M	75x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	56m 34s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.922%Rate

Funding earned: −$5.39
Price spread: −4.922% → 0.000%: −$492.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$512.6
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Injective: 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	2.09 bp	12.0 bp −$12	25.5 bp −$255	43.8 bp −$4,378	49.8 bp −$24.9K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Deribit AAVE_USDC-PERPETUAL	−0.0237%	1h	143.74	−0.215%	$252K	$480K	50x	as long as short
01 Exchange AAVEUSD	−0.0224%	1h	143.97	−0.056%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0168%	1h	143.68	−0.257%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0044%	1h	143.73	−0.222%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.11	+0.042%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.72	−0.229%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.71	−0.237%	$70K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−4.922%	$422	$51K	12x
Nado AAVE-PERP	+0.0037%	1h	144.00	−0.031%	$797K	$438K	10x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	144.02	−0.021%	$31.1M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0039%	8h	143.99	−0.045%	$65.4M	$185.4M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.64	−0.284%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.06	+0.006%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	143.73	−0.222%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.340%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	143.97	−0.056%	$17.4M	$66.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	143.84	−0.148%	$3.4M	$2.1M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	143.58	−0.326%	$133K	$229K	50x	as long as short
Gate AAVE_USDTlong	+0.0059%	8h	144.05	long leg	$7.8M	$15.8M	75x
Aevo AAVE-PERP	+0.0088%	1h	143.74	−0.212%	$121K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0089%	8h	143.62	−0.299%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.20	+0.104%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.03	−0.017%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.11	+0.042%	$79.1M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.06	+0.005%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	−0.004%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.01	−0.028%	$61.2M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.05	0.000%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.02	−0.021%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.04	−0.007%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.05	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.94	−0.076%	$380K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.65	−0.279%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.62	−0.302%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.04	−0.007%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.52	−0.369%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.97	−0.058%	$716K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.75	−0.208%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.04	−0.004%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0156%	8h	143.61	−0.305%	$3.4M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.72	−0.228%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.174%	$772K	$3.0M	50x	as long as short