Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.017%

Price spread now: Aster against Injective+4.147%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 4.147% dearer against Injective than usual: you sell high and buy low: +$415 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	55m 10s	$422	$51K	12x
Short	Aster AAVEUSDT	142.64	0.0100	get 0.0100% / 8h	4h 55m	$1.3M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +4.147%Rate

Funding earned: $14
Price spread: +4.147% → 0.000%: $414.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $420.7
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Aster: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	2.11 bp	9.9 bp −$10	30.9 bp −$309	doesn't fit	doesn't fit

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
01 Exchange AAVEUSD	−0.0128%	1h	142.52	+4.060%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0020%	1h	142.54	+4.074%	$5K	$303K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.45	+4.011%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.44	+4.001%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.58	+4.103%	$225K	$395K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.54	+4.074%	$80K	—	150x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	142.42	+3.984%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.58	+4.103%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0065%	1h	142.29	+3.892%	$132K	$219K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0085%	1h	142.41	+3.979%	$834K	$438K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.93	+4.359%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.70	+4.193%	$4.5M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.45	+4.009%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.74	+4.220%	$77.1M	$35.1M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	142.64	+4.147%	$1.3M	$1.3M	50x
Pacifica AAVE	+0.0100%	1h	142.48	+4.027%	$324K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.75	+4.228%	$64.0M	$184.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.74	+4.220%	$61.3M	$65.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.75	+4.228%	$17.0M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.56	+4.089%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.99	+4.405%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.64	+4.147%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.64	+4.147%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.58	+4.103%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.54	+4.074%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.67	+4.169%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.77	+4.242%	$347K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.65	+4.156%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.24	+3.858%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	+3.789%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.51	+4.052%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.46	+4.019%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.63	+4.141%	$686K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.60	+4.118%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.50	+4.044%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.59	+4.112%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.59	+4.110%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.53	+4.067%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.54	+4.072%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.62	+4.135%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+4.279%	$774K	$2.8M	50x	as long as short