Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.032%

Price spread now: Gate against SoDEX+0.069%52s7-day average +0.013% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.395% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.358%−$36 · spread now +0.069%, 7d avg +0.013%

Together, before fees−0.306%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.057% dearer against SoDEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	143.94	−0.0119	get 0.0015% / 1h	52m 25s	$5K	$298K	10x
Short	Gate AAVE_USDT	144.04	0.0061	get 0.0061% / 8h	1h 52m	$7.8M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.069%Rate

Funding earned: $37.81
Price spread: +0.069% → +0.013%: $5.68
Slippage, 4 orders: −$16.48
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $4.01
Costs to cover: 0.395%
Break-even: 6.3 days

Slippage from SoDEX: live order book, 31 min ago; Gate: live order book, 1 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, 31 min ago	0.35 bp	5.0 bp −$5	10.2 bp −$102	94.9 bp −$9,494	doesn't fit
Sell Gate live order book, 1 min ago	2.43 bp	14.6 bp −$15	29.6 bp −$296	45.0 bp −$4,503	50.8 bp −$25.4K

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	−0.0236%	1h	143.95	+0.007%	$253K	$480K	50x	as long as short
01 Exchange AAVEUSD	−0.0192%	1h	143.99	+0.035%	$11K	$2K	5x	as long as short
SoDEX AAVE-USDlong	−0.0119%	1h	143.94	long leg	$5K	$298K	10x
Phoenix AAVE	−0.0045%	1h	143.73	−0.146%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.00	+0.045%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.05	+0.076%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.01	+0.047%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.849%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0037%	8h	144.01	+0.049%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0038%	8h	144.00	+0.039%	$65.4M	$185.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.00	+0.042%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.07	+0.093%	$179K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	143.94	0.000%	$17.4M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	143.92	−0.014%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.264%	$60K	$3K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.06	+0.087%	$3.4M	$2.1M	50x	as long as short
Gate AAVE_USDTshort	+0.0061%	8h	144.04	+0.069%	$7.8M	$15.8M	75x
GRVT AAVE_USDT_Perp	+0.0087%	8h	144.20	+0.183%	$452K	$3.9M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.98	+0.027%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.25	+0.215%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.02	+0.055%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	+0.042%	$797K	$438K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.13	+0.132%	$79.0M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.07	+0.094%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.06	+0.086%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.94	0.000%	$61.1M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.04	+0.069%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.01	+0.049%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.02	+0.056%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.02	+0.056%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.99	+0.035%	$380K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	+0.016%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.14	+0.138%	$102K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.28	+0.236%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.13	+0.132%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.98	+0.025%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.37	+0.295%	$716K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.96	+0.014%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.99	+0.033%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0152%	8h	143.94	0.000%	$3.4M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.02	+0.055%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.097%	$772K	$3.0M	50x	as long as short