Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h +0.017%
Price spread now: BloFin against GMX+0.041%51s7-day average −0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.214%+$21 on $10k
Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.041%, 7d avg −0.035%
Together, before fees+0.158%+$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.076% dearer against GMX than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.035%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 3 days funding on this pair paid +0.214%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX AAVE/USD [AAVE-USDC]146.31L +0.0267% / S −0.0438%pay 0.0033% / 1h54m 15s$126K100x
ShortBloFin AAVE-USDT146.370.0162get 0.0162% / 8h54m 15s$3.5M$4.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$22.04
Price spread: +0.041% → −0.035%
$7.6
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$38.44
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell BloFin live order book, 4 min ago0.34 bp8.5 bp −$916.1 bp −$16142.2 bp −$4,219doesn'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 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix AAVE−0.0045%1h146.30−0.007%$5K$99K10xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0023%1h146.38+0.048%$256K$412K50xas long as short
dYdX AAVE-USD0.0000%1h146.27−0.028%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h146.28−0.021%$83K$1.5M3.4xas long as short
SoDEX AAVE-USD+0.0001%1h146.34+0.020%$5K$298K10xas long as short
Kraken Futures PF_AAVEUSD+0.0002%1h146.49+0.120%$3.5M$2.1M50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.41+0.070%$71K150xas long as short
01 Exchange AAVEUSD+0.0008%1h146.30−0.007%$11K$2K5xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.391%$422$51K12xas long as short
MEXC AAVE_USDT+0.0042%8h146.33+0.013%$30.6M$25.5M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0043%8h146.36+0.032%$66.7M$185.1M75xas long as short
Reya AAVERUSDPERP+0.0044%1h146.21−0.071%20xas long as short
Orderly PERP_AAVE_USDC+0.0050%8h146.35+0.027%$18K$12K10xas long as short
OKX AAVE-USDT-SWAP+0.0069%8h146.30−0.007%$17.9M$67.6M50xas long as short
Gate AAVE_USDT+0.0074%8h146.310.000%$7.9M$15.8M75xas long as short
Aevo AAVE-PERP+0.0088%1h146.38+0.048%$124K$14610xas long as short
Lighter AAVE+0.0096%1h146.57+0.175%$4.7M$1.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.24−0.049%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h146.18−0.092%$809K$438K10xas long as short
Aster AAVEUSDT+0.0100%8h146.32+0.010%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.29−0.014%$334K$504K10xas long as short
Bybit AAVEUSDT+0.0100%8h146.33+0.013%$62.4M$66.0M75xas long as short
Arcus AAVE-USD+0.0100%1h146.26−0.034%$51K$273K10xas long as short
Bulk AAVE-USD+0.0100%1h145.79−0.356%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h146.36+0.034%$10.0M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.36+0.034%$30.6M$18.2M75xas long as short
BingX AAVE-USDT+0.0100%8h146.34+0.020%$44.0Mas long as short
Variational Omni AAVE+0.0100%8h146.32+0.003%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h146.12−0.129%$105K$316K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h146.17−0.096%$463K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h146.22−0.062%$136K$228K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.29−0.014%$128K$466K10xas long as short
SunX AAVE-USDT+0.0100%8h146.23−0.054%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.44+0.086%$701K$5.0M75xas long as short
Phemex AAVEUSDT+0.0100%8h146.32+0.007%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h146.33+0.012%$940K$1.7M50xas long as short
RISEx AAVE/USDC+0.0106%1h146.31−0.003%$186K$246K10xas long as short
BloFin AAVE-USDTshort+0.0162%8h146.37+0.041%$3.5M$4.0M100x
Hyperliquid AAVE+0.0222%1h146.43+0.082%$80.8M$34.2M10xas long as short
GMX AAVE/USD [AAVE-USDC]longL +0.0267% / S −0.0438%1h146.31long leg$126K100x
Coinbase International AAVE-PERP-INTX+0.0280%1h146.43+0.082%$795K$3.0M50xas long as short
Backpack AAVE_USDC_PERP+0.0337%1h146.44+0.089%$354K$733K10xas long as short