Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.048%

Price spread now: Extended against OKX−0.083%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.083%, 7d avg −0.045%

Together, before fees+0.168%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.038% cheaper against OKX than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.045%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	145.16	0.0049	pay 0.0049% / 8h	2h 44m	$17.6M	$65.7M	50x
Short	Extended AAVE-USD	145.04	0.0104	get 0.0013% / 1h	44m 24s	$936K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee OKXbpFee ExtendedbpOrdersPrice spread, now −0.083%Rate

Funding earned: $11.52
Price spread: −0.083% → −0.045%: −$3.82
Slippage, 4 orders: −$12.2
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$19.51
Costs to cover: 0.272%
Break-even: 18.9 days

Slippage from OKX: live order book, 4 min ago; Extended: live order book, 4 min ago.

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 OKX live order book, 4 min ago	0.34 bp	8.1 bp −$8	18.9 bp −$189	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.38 bp	7.0 bp −$7	21.5 bp −$215	doesn't fit	doesn't fit

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	−0.0439%	1h	144.95	−0.145%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0193%	1h	144.88	−0.193%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.08	−0.055%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	−0.034%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.04	−0.081%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.00	−0.110%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.20	+0.030%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.07	−0.063%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.649%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.12	−0.028%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAPlong	+0.0049%	8h	145.16	long leg	$17.6M	$65.7M	50x
Orderly PERP_AAVE_USDC	+0.0057%	8h	144.93	−0.158%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	145.05	−0.076%	$7.8M	$15.6M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0066%	1h	145.09	−0.048%	$135K	$229K	50x	as long as short
MEXC AAVE_USDT	+0.0076%	8h	145.12	−0.028%	$32.2M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0076%	8h	145.10	−0.040%	$66.0M	$181.9M	75x	as long as short
Nado AAVE-PERP	+0.0086%	1h	145.05	−0.072%	$805K	$444K	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.19	+0.024%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.13	−0.018%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.07	−0.062%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.31	+0.103%	$81.2M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.10	−0.040%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.06	−0.066%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.17	+0.007%	$61.8M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.08	−0.055%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	−0.016%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.15	−0.007%	$10.1M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.12	−0.028%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.12	−0.028%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.07	−0.062%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.12	−0.031%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.14	−0.011%	$101K	$313K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.16	+0.002%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.18	+0.014%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.91	−0.169%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.08	−0.056%	$736K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.94	−0.152%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	145.04	−0.083%	$936K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	144.97	−0.130%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0196%	8h	144.90	−0.179%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.193%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.17	+0.008%	$125K	—	100x	as long as short