Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: SoDEX against Aster−0.054%7-day average −0.029% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.054%, 7d avg −0.029%

Together, before fees+0.137%+ Points / potential airdropAster: Stage 5 · farm board+$14 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: SoDEX is 0.025% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	143.04	0.0100	pay 0.0100% / 8h	3h 26m	$1.2M	$1.3M	50x
Short	SoDEX AAVE-USD	142.96	0.0100	get 0.0013% / 1h	26m 47s	$5K	$309K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → −0.029%: −$2.53
Slippage, 4 orders: −$17.7
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$36.22
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; SoDEX: live order book, 27 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, 1 min ago	3.85 bp	10.6 bp −$11	34.5 bp −$345	doesn't fit	doesn't fit
Sell SoDEX live order book, 27 min ago	0.35 bp	5.2 bp −$5	9.6 bp −$96	98.9 bp −$9,886	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	143.00	−0.028%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.14	+0.072%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.94	−0.068%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.98	−0.041%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.249%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.58	+0.380%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0038%	1h	142.95	−0.057%	$835K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.93	−0.076%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	142.94	−0.068%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0064%	8h	142.95	−0.061%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	142.99	−0.033%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.95	−0.060%	$13K	$4K	20x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	143.04	long leg	$1.2M	$1.3M	50x
Pacifica AAVE	+0.0100%	1h	143.00	−0.029%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.94	−0.068%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.94	−0.068%	$61.5M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.94	−0.068%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.05	+0.009%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.04	+0.002%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.95	−0.061%	$25.5M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.01	−0.019%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.87	−0.117%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.94	−0.068%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.07	+0.023%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.435%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.36	+0.225%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.34	+0.211%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.53	+0.345%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.04	+0.002%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.93	−0.073%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	142.96	−0.054%	$5K	$309K	10x
HTX AAVE-USDT	+0.0100%	8h	143.00	−0.023%	$686K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	+0.191%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.90	−0.097%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.98	−0.040%	$121K	$146	10x	as long as short
Lighter AAVE	+0.0120%	1h	143.22	+0.129%	$4.5M	$2.3M	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.01	−0.021%	$185K	$252K	10x	as long as short
Hyperliquid AAVE	+0.0202%	1h	143.17	+0.091%	$78.4M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.94	−0.068%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	143.06	+0.014%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.97	−0.045%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.450%	$788K	$2.8M	50x	as long as short