Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.007%

Price spread now: Bitget against Injective+5.257%91s7-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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 5.257% dearer against Injective than usual: you sell high and buy low: +$526 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

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	13m 50s	$422	$51K	12x
Short	Bitget AAVEUSDT	144.16	0.0100	get 0.0100% / 8h	2h 13m	$30.0M	$18.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +5.257%Rate

Funding earned: $14
Price spread: +5.257% → 0.000%: $525.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: $527.68
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.73 bp	10.8 bp −$11	16.5 bp −$165	43.3 bp −$4,328	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
Deribit AAVE_USDC-PERPETUAL	−0.0235%	1h	144.32	+5.374%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0155%	1h	144.29	+5.352%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	144.29	+5.352%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	+5.337%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.28	+5.347%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.23	+5.308%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.35	+5.394%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.45	+5.466%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	144.26	+5.333%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0049%	8h	144.29	+5.352%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0050%	8h	144.21	+5.290%	$65.7M	$184.8M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.30	+5.359%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	144.16	+5.257%	$17.4M	$66.0M	50x	as long as short
Gate AAVE_USDT	+0.0057%	8h	144.33	+5.381%	$7.8M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0061%	1h	144.10	+5.213%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.18	+5.275%	$451K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.51	+5.512%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.37	+5.407%	$122K	$146	10x	as long as short
Nado AAVE-PERP	+0.0096%	1h	144.22	+5.301%	$800K	$436K	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.30	+5.356%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.25	+5.326%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.31	+5.367%	$80.2M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.33	+5.381%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.31	+5.367%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.22	+5.301%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.27	+5.337%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.37	+5.410%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	144.16	+5.257%	$30.0M	$18.2M	75x
BingX AAVE-USDT	+0.0100%	8h	144.23	+5.308%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.42	+5.447%	$380K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	+5.336%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.15	+5.253%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.35	+5.396%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.29	+5.350%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.61	+5.583%	$719K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.32	+5.374%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+5.385%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.28	+5.344%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.30	+5.359%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+5.513%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.35	+5.395%	$124K	—	100x	as long as short