Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Aster−0.083%49s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

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

costs, in and out, $10k−$930.928% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.083%, 7d avg −0.006%

Together, before fees+0.264%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.077% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 49 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	Aster AAVEUSDT	143.67	0.0100	pay 0.0100% / 8h	2h 14m	$1.2M	$1.2M	50x
Short	Aevo AAVE-PERP	143.55	0.0104	get 0.0013% / 1h	14m 33s	$121K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.083%Rate

Funding earned: $0.84
Price spread: −0.083% → −0.006%: −$7.66
Slippage, 4 orders: −$68.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$99.67
Costs to cover: 0.928%
Break-even: 837.5 days

Slippage from Aster: live order book, 4 min ago; Aevo: live order book, 34 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 Aster live order book, 4 min ago	3.13 bp	9.9 bp −$10	31.2 bp −$312	doesn't fit	doesn't fit
Sell Aevo live order book, 34 min ago	21.97 bp	38.5 bp −$38	233.6 bp −$2,336	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
dYdX AAVE-USD	0.0000%	1h	143.58	−0.060%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.49	−0.124%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.54	−0.090%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.52	−0.101%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0023%	1h	143.62	−0.034%	$838K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.670%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.62	−0.036%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.52	−0.104%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0094%	8h	143.51	−0.111%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.61	−0.038%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDTlong	+0.0100%	8h	143.67	long leg	$1.2M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	143.63	−0.025%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.65	−0.013%	$64.6M	$191.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.63	−0.027%	$61.7M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.60	−0.048%	$17.2M	$65.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.75	+0.057%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.967%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.63	−0.027%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.64	−0.020%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.66	−0.006%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.63	−0.027%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.64	−0.020%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.41	−0.179%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.49	−0.122%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.47	−0.139%	$457K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.59	−0.055%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.71	+0.029%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.60	−0.050%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.54	−0.090%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.69	+0.011%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.62	−0.033%	$911K	$1.7M	50x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	143.55	−0.083%	$121K	$146	10x
01 Exchange AAVEUSD	+0.0112%	1h	143.69	+0.015%	$11K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0113%	1h	143.82	+0.105%	$78.5M	$37.2M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	143.58	−0.062%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0159%	1h	143.71	+0.029%	$341K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.70	+0.025%	$195K	$257K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.58	−0.062%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.64	−0.020%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	143.82	+0.107%	$4.6M	$2.5M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.51	−0.108%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.44	−0.159%	$765K	$2.9M	50x	as long as short