Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0607%/8hnext payment −$0.76 per $10,000 · paid last 24h −0.308%

Price spread now: Deribit against Aevo−0.025%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1091.095% of the position

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.503%−$50 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.025%, 7d avg −0.032%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	146.07	0.0104	pay 0.0013% / 1h	51m 42s	$123K	$146	10x
Short	Deribit AAVE_USDC-PERPETUAL	146.03	−0.0503	pay 0.0063% / 1h	51m 42s	$212K	$379K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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 AevobpFee DeribitbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$127.47
Price spread: −0.025% → −0.032%: $0.72
Slippage, 4 orders: −$86.5
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$236.25
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from Aevo: live order book, 41 min ago; Deribit: live order book, 41 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 Aevo live order book, 41 min ago	30.85 bp	47.2 bp −$47	266.3 bp −$2,663	doesn't fit	doesn't fit
Sell Deribit live order book, 41 min ago	3.81 bp	7.7 bp −$8	14.0 bp −$140	doesn't fit	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
Deribit AAVE_USDC-PERPETUALshort	−0.0503%	1h	146.03	−0.025%	$212K	$379K	50x
SoDEX AAVE-USD	−0.0167%	1h	146.01	−0.039%	$5K	$294K	10x	as long as short
Kraken Futures PF_AAVEUSD	−0.0061%	1h	146.12	+0.036%	$3.5M	$2.0M	50x	as long as short
Phoenix AAVE	−0.0039%	1h	145.93	−0.094%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.24	+0.119%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.02	−0.032%	$63K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.12	+0.036%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.235%	$422	$51K	12x	as long as short
OKX AAVE-USDT-SWAP	+0.0039%	8h	146.09	+0.016%	$18.4M	$64.3M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.00	−0.047%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0070%	8h	146.04	−0.018%	$18K	$12K	10x	as long as short
RISEx AAVE/USDC	+0.0090%	1h	146.09	+0.015%	$190K	$236K	10x	as long as short
MEXC AAVE_USDT	+0.0095%	8h	146.08	+0.009%	$33.5M	$24.6M	200x	as long as short
Binance AAVEUSDT	+0.0095%	8h	146.09	+0.016%	$66.3M	$174.4M	75x	as long as short
Variational Omni AAVE	+0.0095%	8h	145.70	−0.252%	$3.8M	$1.3M	—	as long as short
Lighter AAVE	+0.0096%	1h	146.33	+0.178%	$4.7M	$1.6M	10x	as long as short
Gate AAVE_USDT	+0.0096%	8h	146.13	+0.043%	$7.8M	$14.5M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.08	+0.006%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.00	−0.046%	$834K	$429K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.25	+0.127%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.13	+0.046%	$342K	$482K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.08	+0.009%	$61.9M	$62.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.10	+0.023%	$60K	$322K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.12	+0.036%	$10.4M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.11	+0.030%	$30.3M	$17.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.13	+0.043%	—	$43.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.18	+0.077%	$346K	$596K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.79	−0.189%	$99K	$309K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.63	−0.300%	$454K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.56	−0.347%	$135K	$235K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.11	+0.030%	$131K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.00	−0.043%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.01	−0.041%	$744K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.08	+0.009%	$4.1M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.94	−0.087%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.11	+0.031%	$938K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	146.07	long leg	$123K	$146	10x
01 Exchange AAVEUSD	+0.0120%	1h	146.14	+0.050%	$11K	$2K	5x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	146.16	+0.064%	$778K	$2.9M	50x	as long as short
BloFin AAVE-USDT	+0.0217%	8h	145.95	−0.080%	$3.6M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	146.13	+0.046%	$128K	—	100x	as long as short
Hyperliquid AAVE	+0.0588%	1h	146.29	+0.153%	$83.2M	$29.7M	10x	as long as short