Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.031%

Price spread now: BloFin against Injective+4.410%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.299%+$30 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 +$6 a day on $10k at the current rate, and BloFin is 4.410% dearer against Injective than usual: you sell high and buy low: +$441 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	2m 33s	$422	$51K	12x
Short	BloFin AAVE-USDT	143.00	0.0220	get 0.0220% / 8h	4h 02m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +4.410%Rate

Funding earned: $39.2
Price spread: +4.410% → 0.000%: $441
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $468.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago	0.35 bp	9.1 bp −$9	13.1 bp −$131	31.0 bp −$3,102	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	143.00	+4.410%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.04	+4.441%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.95	+4.374%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.04	+4.439%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.07	+4.461%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.99	+4.406%	$841K	$449K	10x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	142.96	+4.382%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.02	+4.425%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.73	+4.213%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0080%	1h	143.01	+4.417%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	+0.0084%	8h	143.03	+4.432%	$4.0M	$3.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.09	+4.474%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	+4.402%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.14	+4.512%	$77.9M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.04	+4.438%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.99	+4.406%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.96	+4.382%	$63.7M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.98	+4.395%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.98	+4.395%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.07	+4.461%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	+4.067%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.99	+4.403%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.97	+4.388%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.00	+4.410%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.01	+4.417%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.97	+4.388%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.14	+4.512%	$336K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	+4.213%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	+4.132%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	+4.318%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.69	+4.184%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.04	+4.439%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.96	+4.379%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.20	+4.556%	$688K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.91	+4.348%	$897K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.05	+4.447%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.02	+4.427%	$178K	$245K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	143.00	+4.410%	$3.3M	$3.6M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.06	+4.456%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.11	+4.490%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	+4.352%	$793K	$2.8M	50x	as long as short