Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.003%

Price spread now: Orderly against Injective+6.016%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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 +$1 a day on $10k at the current rate, and Orderly is 6.016% dearer against Injective than usual: you sell high and buy low: +$602 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	52m 53s	$422	$51K	12x
Short	Orderly PERP_AAVE_USDC	145.20	0.0060	get 0.0060% / 8h	2h 52m	$18K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +6.016%Rate

Funding earned: $5.55
Price spread: +6.016% → 0.000%: $601.64
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: $601.16
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Injective and Orderly: 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
SoDEX AAVE-USD	−0.0193%	1h	145.16	+5.987%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0176%	1h	145.35	+6.126%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0163%	1h	145.27	+6.067%	$247K	$477K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	+6.089%	$135K	$229K	50x	as long as short
Phoenix AAVE	−0.0044%	1h	145.35	+6.126%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.31	+6.097%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.13	+5.965%	$63K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.36	+6.132%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.32	+6.102%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.33	+6.114%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.18	+6.002%	$17.7M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDCshort	+0.0060%	8h	145.20	+6.016%	$18K	$12K	10x
Gate AAVE_USDT	+0.0079%	8h	145.16	+5.987%	$7.8M	$15.5M	75x	as long as short
Binance AAVEUSDT	+0.0082%	8h	145.13	+5.965%	$66.0M	$181.1M	75x	as long as short
MEXC AAVE_USDT	+0.0082%	8h	145.08	+5.929%	$32.3M	$26.0M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.37	+6.143%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.39	+6.152%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	+6.057%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.32	+6.108%	$815K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.30	+6.089%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.19	+6.007%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.26	+6.060%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.18	+6.002%	$62.0M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.33	+6.111%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+6.779%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.16	+5.987%	$10.0M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.12	+5.958%	$29.8M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.18	+6.002%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	+6.060%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+6.136%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	+6.210%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+6.357%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.40	+6.162%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.16	+5.989%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.44	+6.188%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.26	+6.060%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.15	+5.980%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.96	+5.841%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.31	+6.097%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.41	+6.170%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.37	+6.139%	$125K	—	100x	as long as short