Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.018%

Price spread now: Aster against GMX+0.058%7-day average −0.034% · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.142%+$14 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.058%, 7d avg −0.034%

Together, before fees−0.020%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.093% dearer against GMX than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.034%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 3 days funding on this pair paid +0.142%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AAVE/USD [AAVE-USDC]	143.95	L +0.0235% / S −0.0357%	pay 0.0029% / 1h	32m 46s	$124K	—	100x
Short	Aster AAVEUSDT	144.03	0.0100	get 0.0100% / 8h	6h 32m	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$28.44
Price spread: +0.058% → −0.034%: $9.25
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, just now. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, just now	3.82 bp	12.2 bp −$12	30.6 bp −$306	doesn't fit	doesn't fit

GMX: 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 41 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	−0.4405%	1h	143.27	−0.470%	$249K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	143.88	−0.046%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.96	+0.010%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	+0.203%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.03	+0.058%	$65K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.93	−0.014%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	+0.044%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.854%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.91	−0.026%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.84	−0.072%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0051%	8h	144.22	+0.190%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0052%	8h	144.22	+0.187%	$65.0M	$184.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	144.21	+0.183%	$17.4M	$65.6M	50x	as long as short
Gate AAVE_USDT	+0.0083%	8h	143.99	+0.030%	$7.7M	$15.1M	75x	as long as short
SoDEX AAVE-USD	+0.0086%	1h	143.89	−0.039%	$5K	$298K	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.92	−0.016%	$184K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.37	+0.295%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.94	−0.002%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.15	+0.139%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.79	−0.105%	$800K	$426K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.21	+0.183%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	144.03	+0.058%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.18	+0.162%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.22	+0.190%	$61.8M	$65.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.23	+0.197%	$45K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.313%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.11	+0.113%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.19	+0.169%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.03	+0.058%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.98	+0.023%	$323K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.89	−0.038%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	−0.027%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.96	+0.007%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	+0.023%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.90	−0.033%	$124K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.92	−0.021%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.08	+0.091%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.95	+0.002%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.95	+0.001%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0235% / S −0.0357%	1h	143.95	long leg	$124K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.238%	$773K	$2.8M	50x	as long as short