Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h +0.014%

Price spread now: 01 Exchange against Orderly+0.028%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. 01 Exchange is 0.028% dearer against Orderly than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAVE_USDC	143.87	0.0044	pay 0.0044% / 8h	5h 41m	$18K	$10K	10x
Short	01 Exchange AAVEUSD	143.91	−0.0064	pay 0.0008% / 1h	41m 54s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Orderly. 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 OrderlybpFee 01 ExchangebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$22.67
Price spread: +0.028% → 0.000%: $2.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$32.89
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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 Orderly no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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 AAVEUSDshort	−0.0064%	1h	143.91	+0.028%	$11K	$2K	5x
dYdX AAVE-USD	0.0000%	1h	143.92	+0.038%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.87	0.000%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.92	+0.035%	$239K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.95	+0.058%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.803%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDClong	+0.0044%	8h	143.87	long leg	$18K	$10K	10x
Reya AAVERUSDPERP	+0.0044%	1h	143.90	+0.018%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.271%	$5K	$98K	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	143.90	+0.021%	$835K	$431K	10x	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-SWAP	+0.0096%	8h	143.42	−0.313%	$17.2M	$63.4M	50x	as long as short
Lighter AAVE	+0.0096%	1h	144.08	+0.146%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.92	+0.033%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.91	+0.028%	$77.8M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.92	+0.033%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	+0.049%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.50	−0.260%	$64.3M	$183.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.50	−0.257%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	+0.056%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.218%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.57	−0.209%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.55	−0.222%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.63	−0.167%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.58	−0.202%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.55	−0.222%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.90	+0.021%	$321K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.348%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.46	−0.287%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.623%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.56	−0.215%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.94	+0.049%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.91	+0.028%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.93	+0.042%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.02	+0.104%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.85	−0.014%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.51	−0.248%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.93	+0.045%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.97	+0.070%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.92	+0.035%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.95	+0.059%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.01	+0.098%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.09	+0.153%	$780K	$2.8M	50x	as long as short