Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h +0.035%

Price spread now: 01 Exchange against Gate−0.021%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 01 Exchange

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and 01 Exchange is 0.021% cheaper against Gate than usual: you would sell low and buy high (−$2 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	143.75	0.0100	pay 0.0100% / 8h	6h 55m	$7.8M	$14.9M	75x
Short	01 Exchange AAVEUSD	143.72	−0.0064	pay 0.0008% / 1h	55m 21s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$34.44
Price spread: −0.021% → 0.000%: −$2.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$58.53
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; 01 Exchange: 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, 3 min ago	2.42 bp	15.7 bp −$16	33.8 bp −$338	50.1 bp −$5,008	55.4 bp −$27.7K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0098%	1h	143.71	−0.028%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSDshort	−0.0064%	1h	143.72	−0.021%	$11K	$2K	5x
SoDEX AAVE-USD	−0.0056%	1h	143.71	−0.028%	$5K	$302K	10x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.76	+0.009%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.77	+0.016%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.49	−0.181%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	143.78	+0.021%	$5K	$98K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.78	+0.019%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0032%	8h	143.73	−0.014%	$27.6M	$24.6M	200x	as long as short
Binance AAVEUSDT	+0.0033%	8h	143.76	+0.007%	$64.9M	$185.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.723%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.70	−0.035%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.69	−0.043%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0061%	8h	143.68	−0.049%	$17.4M	$65.6M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.71	−0.031%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.83	+0.059%	$182K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.94	+0.129%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.90	+0.106%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.74	−0.007%	$794K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.80	+0.035%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.85	+0.069%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.85	+0.068%	$328K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.71	−0.028%	$61.4M	$65.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.81	+0.042%	$45K	$236K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.563%	$58K	$2K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	143.75	long leg	$7.8M	$14.9M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	143.81	+0.042%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.65	−0.070%	$29.7M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.73	−0.014%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.73	−0.014%	$326K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.57	−0.123%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.39	+0.448%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.501%	$454K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.452%	$134K	$231K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.75	0.000%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.57	−0.127%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.06	+0.218%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.77	+0.014%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.81	+0.039%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0131%	8h	144.02	+0.188%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	143.75	+0.003%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.89	+0.097%	$770K	$2.8M	50x	as long as short