Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0012%/8h= −1.3% APRnext payment $0.12 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against Binance−0.041%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.041% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance AAVEUSDT141.220.0100pay 0.0100% / 8h7h 38m$63.4M$191.8M75x
ShortOrderly PERP_AAVE_USDC141.160.0088get 0.0088% / 8h7h 38m$17K$8K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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

Funding earned
−$2.47
Price spread: −0.041% → 0.000%
−$4.11
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$22.58
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago0.35 bp7.5 bp −$813.4 bp −$13457.8 bp −$5,783doesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0033%1h141.21−0.006%$213K$392K50xas long as short
dYdX AAVE-USD0.0000%1h141.10−0.086%$102K$6K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.11−0.076%$52K$1.4M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.22+0.001%$79K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.015%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.17−0.032%20xas long as short
Orderly PERP_AAVE_USDCshort+0.0088%8h141.16−0.041%$17K$8K10x
01 Exchange AAVEUSD+0.0096%1h141.26+0.030%$10K$2K5xas long as short
Phoenix AAVE+0.0096%1h141.54+0.228%$4K$99K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.04−0.129%$13K$4K20xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado AAVE-PERP+0.0100%1h141.07−0.105%$825K$402K10xas long as short
Hyperliquid AAVE+0.0100%1h141.39+0.122%$77.2M$37.1M10xas long as short
Aster AAVEUSDT+0.0100%8h141.24+0.014%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h141.10−0.082%$329K$391K10xas long as short
Binance AAVEUSDTlong+0.0100%8h141.22long leg$63.4M$191.8M75x
Bybit AAVEUSDT+0.0100%8h141.19−0.020%$60.9M$69.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.23+0.009%$16.6M$64.9M50xas long as short
Arcus AAVE-USD+0.0100%1h141.29+0.051%$94K$224K10xas long as short
Bulk AAVE-USD+0.0100%1h141.17−0.036%$163K$106K10xas long as short
Gate AAVE_USDT+0.0100%8h141.24+0.016%$8.1M$15.9M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.23+0.009%$22.8M$24.1M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.25+0.023%$10.2M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.27+0.037%$28.7M$17.9M75xas long as short
BingX AAVE-USDC+0.0100%8h141.23+0.009%$6.5Mas long as short
Variational Omni AAVE+0.0100%8h141.16−0.040%$3.7M$1.2Mas long as short
edgeX AAVEUSDC+0.0100%4h141.25+0.019%$109K$282K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h141.42+0.143%$452K$3.5M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h141.33+0.079%$131K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h141.28+0.044%$134K$474K10xas long as short
SunX AAVE-USDT+0.0100%8h141.19−0.017%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h141.20−0.013%$5K$299K10xas long as short
HTX AAVE-USDT+0.0100%8h141.44+0.156%$665K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h141.18−0.027%$3.9M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h141.16−0.042%$907K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h141.220.000%$119K$14610xas long as short
Backpack AAVE_USDC_PERP+0.0174%1h141.41+0.136%$385K$732K10xas long as short
Lighter AAVE+0.0184%1h141.42+0.142%$4.5M$2.5M10xas long as short
Coinbase International AAVE-PERP-INTX+0.0216%1h141.22+0.001%$753K$2.7M50xas long as short
BloFin AAVE-USDT+0.0220%8h141.12−0.069%$3.3M$3.5M100xas long as short
RISEx AAVE/USDC+0.0223%1h141.23+0.006%$171K$299K10xas long as short
Kraken Futures PF_AAVEUSD+0.0249%1h141.30+0.055%$3.4M$2.1M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0360%1h141.22−0.001%$110K100xas long as short