Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.012%

Price spread now: BloFin against Pacifica−0.065%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)+0.528%+$53 · spread now −0.065%, 7d avg −0.001%

Together, before fees+0.704%+ Points / potential airdropPacifica: Active · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.064% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.001%). If the spread goes back, that is −$6 on $10k: about 42 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	142.58	0.0100	pay 0.0013% / 1h	53m 23s	$324K	$434K	10x
Short	BloFin AAVE-USDT	142.49	0.0220	get 0.0220% / 8h	4h 53m	$3.4M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $25.2
Price spread: −0.065% → −0.001%: −$6.37
Slippage, 4 orders: −$10.88
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$12.05
Costs to cover: 0.309%
Break-even: 10.3 days

Slippage from Pacifica: live order book, 5 min ago; BloFin: live order book, 5 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 Pacifica live order book, 5 min ago	3.86 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.35 bp	6.4 bp −$6	6.4 bp −$64	20.8 bp −$2,081	67.4 bp −$33.7K

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	−0.0136%	1h	142.48	−0.072%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0035%	1h	142.57	−0.009%	$5K	$297K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.65	+0.048%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.55	−0.023%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.59	+0.005%	$224K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.55	−0.021%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.943%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.48	−0.075%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.56	−0.016%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0055%	1h	142.50	−0.054%	$835K	$438K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.67	+0.061%	$4K	$102K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0065%	1h	142.29	−0.205%	$132K	$219K	50x	as long as short
Lighter AAVE	+0.0096%	1h	142.59	+0.007%	$4.5M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.53	−0.035%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.61	+0.019%	$77.1M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.59	+0.007%	$1.3M	$1.3M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	142.58	long leg	$324K	$434K	10x
Binance AAVEUSDT	+0.0100%	8h	142.52	−0.044%	$63.9M	$184.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.55	−0.023%	$61.2M	$65.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.58	−0.002%	$17.0M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.51	−0.051%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.52	−0.044%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.50	−0.058%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.54	−0.030%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.49	−0.065%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.52	−0.044%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.69	+0.075%	$347K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.65	+0.048%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.46	−0.089%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	−0.304%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.54	−0.030%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.50	−0.055%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.64	+0.039%	$686K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.49	−0.065%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.066%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.54	−0.028%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.60	+0.010%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.56	−0.016%	$177K	$241K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.49	−0.065%	$3.4M	$3.5M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.54	−0.030%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.62	+0.026%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.167%	$774K	$2.8M	50x	as long as short