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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.042%
Price spread now: BloFin against OKX+0.071%53s7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.311% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.270%+$27 on $10k
Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.071%, 7d avg +0.014%
Together, before fees+0.320%+$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.057% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.014%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AAVE-USDT-SWAP141.480.0100pay 0.0100% / 8h0m 22s$16.6M$65.0M50x
ShortBloFin AAVE-USDT141.580.0220get 0.0220% / 8h0m 22s$3.3M$3.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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
$25.2
Price spread: +0.071% → +0.014%
$5.7
Slippage, 4 orders
−$9.13
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$0.23
Costs to cover
0.311%
Break-even
7.1 days
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.35 bp6.7 bp −$715.1 bp −$15143.7 bp −$4,367doesn't fit
Sell BloFin live order book, 8 min ago0.71 bp7.4 bp −$712.6 bp −$12629.8 bp −$2,984doesn't fit

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
dYdX AAVE-USD0.0000%1h141.63+0.103%$101K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.58+0.071%$46K$1.4M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h141.58+0.071%$213K$392K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.58+0.074%$79K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.195%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.45−0.021%20xas long as short
Orderly PERP_AAVE_USDC+0.0084%8h141.50+0.014%$17K$8K10xas long as short
Lighter AAVE+0.0096%1h141.75+0.194%$4.5M$2.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.55+0.048%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h141.49+0.007%$825K$398K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid AAVE+0.0100%1h141.64+0.113%$77.3M$37.2M10xas long as short
Aster AAVEUSDT+0.0100%8h141.59+0.075%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h141.56+0.058%$330K$391K10xas long as short
Binance AAVEUSDT+0.0100%8h141.51+0.022%$63.7M$192.4M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.49+0.007%$60.9M$69.3M75xas long as short
OKX AAVE-USDT-SWAPlong+0.0100%8h141.48long leg$16.6M$65.0M50x
Arcus AAVE-USD+0.0100%1h141.71+0.163%$92K$222K10xas long as short
Gate AAVE_USDT+0.0100%8h141.54+0.042%$8.1M$16.7M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.51+0.021%$23.0M$24.5M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.57+0.064%$10.3M$9.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.50+0.014%$28.8M$18.0M75xas long as short
BingX AAVE-USDC+0.0100%8h141.50+0.014%$6.5Mas long as short
Variational Omni AAVE+0.0100%8h141.53+0.032%$3.7M$1.2Mas long as short
edgeX AAVEUSDC+0.0100%4h141.28−0.141%$109K$284K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h141.28−0.143%$451K$3.6M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h141.24−0.170%$131K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h141.55+0.049%$134K$484K10xas long as short
SunX AAVE-USDT+0.0100%8h141.38−0.068%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h141.56+0.057%$5K$298K10xas long as short
HTX AAVE-USDT+0.0100%8h141.75+0.189%$668K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h141.65+0.120%$3.9M$3.6M50xas long as short
Bulk AAVE-USD+0.0100%1h141.32−0.113%$163K$106K10xas long as short
Extended AAVE-USD+0.0104%1h141.53+0.038%$909K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h141.55+0.047%$120K$14610xas long as short
01 Exchange AAVEUSD+0.0112%1h141.61+0.092%$10K$2K5xas long as short
Phoenix AAVE+0.0152%1h141.39−0.064%$5K$98K10xas long as short
BloFin AAVE-USDTshort+0.0220%8h141.58+0.071%$3.3M$3.5M100x
RISEx AAVE/USDC+0.0245%1h141.61+0.090%$185K$294K10xas long as short
Backpack AAVE_USDC_PERP+0.0247%1h141.75+0.191%$385K$732K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0360%1h141.58+0.070%$110K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0256%1h141.70+0.155%$754K$2.7M50xas long as short
Kraken Futures PF_AAVEUSD+0.0270%1h141.66+0.128%$3.4M$2.1M50xas long as short