Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h −0.029%

Price spread now: BloFin against 01 Exchange−0.014%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	146.19	0	get 0.0000% / 1h	57m 18s	$11K	$2K	5x
Short	BloFin AAVE-USDT	146.17	0.0163	get 0.0163% / 8h	57m 18s	$3.5M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now −0.014%Rate

Funding earned: $34.16
Price spread: −0.014% → 0.000%: −$1.37
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $13.79
Costs to cover: 0.190%
Break-even: 4.2 days

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 6 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	0.34 bp	9.4 bp −$9	12.9 bp −$129	33.6 bp −$3,364	doesn't fit

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
Phoenix AAVE	−0.0045%	1h	146.30	+0.075%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.19	0.000%	$256K	$417K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	+0.065%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSDlong	0.0000%	1h	146.19	long leg	$11K	$2K	5x
Kalshi KXAAVEPERP	0.0000%	8h	146.21	+0.014%	$74K	$1.5M	3.4x	as long as short
SoDEX AAVE-USD	+0.0002%	1h	146.17	−0.014%	$5K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.28	+0.060%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.22	+0.017%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.314%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.13	−0.041%	$30.6M	$25.5M	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	146.15	−0.027%	$66.6M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.14	−0.035%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.15	−0.027%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.17	−0.014%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	146.15	−0.027%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.19	+0.003%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.38	+0.127%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.18	−0.009%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.044%	$809K	$437K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.20	+0.007%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.20	+0.004%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.16	−0.021%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.16	−0.021%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.274%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.14	−0.034%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.19	0.000%	$30.6M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.17	−0.014%	—	$43.9M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	145.55	−0.441%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.73	−0.312%	$105K	$315K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.61	−0.398%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.79	−0.274%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.22	+0.021%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.16	−0.019%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.35	+0.108%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	−0.055%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.15	−0.030%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.20	+0.010%	$186K	$246K	10x	as long as short
BloFin AAVE-USDTshort	+0.0163%	8h	146.17	−0.014%	$3.5M	$4.0M	100x
Hyperliquid AAVE	+0.0175%	1h	146.33	+0.096%	$80.8M	$34.2M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0180%	1h	146.31	+0.082%	$354K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.22	+0.019%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.164%	$795K	$3.1M	50x	as long as short