Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.072%

Price spread now: BloFin against SoDEX−0.027%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.151%+$15 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.027%, 7d avg +0.025%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.052% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.025%). If the spread goes back, that is −$5 on $10k: about 22 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	146.44	−0.0024	get 0.0003% / 1h	50m 57s	$5K	$298K	10x
Short	BloFin AAVE-USDT	146.40	0.0163	get 0.0163% / 8h	50m 57s	$3.5M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $39.11
Price spread: −0.027% → +0.025%: −$5.22
Slippage, 4 orders: −$8.14
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.75
Costs to cover: 0.281%
Break-even: 6.0 days

Slippage from SoDEX: live order book, 28 min ago; BloFin: live order book, 2 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 SoDEX live order book, 28 min ago	0.34 bp	5.0 bp −$5	9.3 bp −$93	94.0 bp −$9,397	doesn't fit
Sell BloFin live order book, 2 min ago	0.68 bp	7.3 bp −$7	11.5 bp −$115	31.0 bp −$3,101	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
Phoenix AAVE	−0.0027%	1h	146.35	−0.061%	$5K	$99K	10x	as long as short
SoDEX AAVE-USDlong	−0.0024%	1h	146.44	long leg	$5K	$298K	10x
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.46	+0.014%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.42	−0.014%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.33	−0.075%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.50	+0.039%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.49	+0.036%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0016%	1h	146.48	+0.027%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.474%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.50	+0.041%	$31.0M	$25.6M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.55	+0.075%	$66.8M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.38	−0.044%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.44	0.000%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0072%	8h	146.53	+0.061%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.55	+0.075%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.48	+0.024%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.65	+0.143%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.36	−0.054%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.41	−0.020%	$810K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.42	−0.012%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.41	−0.021%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.53	+0.061%	$62.5M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.41	−0.020%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.444%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.43	−0.007%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.44	0.000%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.50	+0.041%	—	$44.0M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.085%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	−0.079%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	−0.032%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.28	−0.109%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.47	+0.020%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.37	−0.047%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.49	+0.037%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.39	−0.034%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.41	−0.019%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.46	+0.013%	$186K	$246K	10x	as long as short
BloFin AAVE-USDTshort	+0.0163%	8h	146.40	−0.027%	$3.5M	$4.0M	100x
Hyperliquid AAVE	+0.0182%	1h	146.60	+0.109%	$81.0M	$34.3M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0228%	1h	146.53	+0.061%	$354K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.50	+0.038%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	−0.007%	$795K	$3.0M	50x	as long as short