Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%

Price spread now: Extended against Aster−0.049%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.049%, 7d avg −0.077%

Together, before fees−0.029%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$3 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: Extended is 0.028% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	146.27	0.0100	pay 0.0100% / 8h	48m 44s	$1.4M	$1.2M	50x
Short	Extended AAVE-USD	146.20	0.0104	get 0.0013% / 1h	48m 44s	$940K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0.84
Price spread: −0.049% → −0.077%: $2.82
Slippage, 4 orders: −$16.91
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.25
Costs to cover: 0.299%
Break-even: 225.8 days

Slippage from Aster: live order book, 4 min ago; Extended: live order book, 5 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	4.45 bp	9.7 bp −$10	35.9 bp −$359	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.73 bp	5.2 bp −$5	18.9 bp −$189	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-PERPETUAL	−0.0160%	1h	146.21	−0.041%	$256K	$412K	50x	as long as short
Phoenix AAVE	−0.0027%	1h	146.35	+0.055%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0023%	1h	146.21	−0.041%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.24	−0.018%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.31	+0.028%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.31	+0.024%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.35	+0.058%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0024%	1h	146.36	+0.062%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.365%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0043%	8h	146.15	−0.082%	$30.8M	$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	146.18	−0.060%	$66.6M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.26	−0.009%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.18	−0.061%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.11	−0.109%	$17.9M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	146.24	−0.020%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.23	−0.024%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.35	+0.057%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.11	−0.107%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.28	+0.004%	$809K	$438K	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	146.27	long leg	$1.4M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	146.20	−0.045%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.12	−0.102%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.16	−0.075%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.152%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.25	−0.013%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.22	−0.034%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.22	−0.034%	—	$44.0M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.38	+0.073%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.35	+0.058%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.43	+0.112%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.41	+0.096%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.35	+0.055%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.27	+0.001%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.127%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.24	−0.020%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	146.20	−0.049%	$940K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.36	+0.060%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.31	+0.028%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0173%	1h	146.39	+0.082%	$80.9M	$34.4M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0194%	1h	146.28	+0.007%	$353K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.33	+0.042%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.110%	$795K	$3.0M	50x	as long as short