Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.012%

Price spread now: Pacifica against BloFin−0.437%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.437%, 7d avg +0.019%

Together, before fees+0.115%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.456% cheaper against BloFin than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	143.22	0.0220	pay 0.0220% / 8h	2h 34m	$3.3M	$3.6M	100x
Short	Pacifica AAVE	142.59	0.0100	get 0.0013% / 1h	34m 44s	$326K	$447K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.437%Rate

Funding earned: −$25.2
Price spread: −0.437% → +0.019%: −$45.55
Slippage, 4 orders: −$15.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$105.97
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Pacifica: live order book, 14 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 BloFin live order book, 4 min ago	1.40 bp	9.2 bp −$9	11.7 bp −$117	28.5 bp −$2,849	doesn't fit
Sell Pacifica live order book, 14 min ago	3.48 bp	8.5 bp −$8	doesn't fit	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
Nado AAVE-PERP	−0.0004%	1h	143.10	−0.084%	$833K	$401K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.73	−0.342%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.06	−0.112%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.20	−0.014%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.22	−0.002%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.371%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.20	−0.012%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0055%	8h	143.19	−0.021%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0066%	8h	143.23	+0.007%	$18K	$10K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	143.22	0.000%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.56	−0.459%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.66	−0.389%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	142.59	−0.437%	$326K	$447K	10x
Binance AAVEUSDT	+0.0100%	8h	142.55	−0.468%	$63.6M	$189.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.57	−0.454%	$61.1M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.53	−0.482%	$17.1M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.25	+0.021%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	−0.487%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.79	−0.300%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.57	−0.454%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.63	−0.412%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.68	−0.377%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.78	−0.307%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.78	−0.305%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.65	−0.399%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	−0.349%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.73	−0.342%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.28	+0.042%	$135K	$460K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.14	−0.054%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.17	−0.035%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.228%	$686K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.73	−0.341%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.25	+0.019%	$121K	$146	10x	as long as short
Hyperliquid AAVE	+0.0110%	1h	142.81	−0.287%	$78.1M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.58	−0.447%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0152%	1h	143.17	−0.035%	$336K	$728K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.21	−0.006%	$188K	$251K	10x	as long as short
BloFin AAVE-USDTlong	+0.0220%	8h	143.22	long leg	$3.3M	$3.6M	100x
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.26	+0.026%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.21	−0.009%	$112K	—	100x	as long as short
Lighter AAVE	+0.0312%	1h	142.82	−0.279%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.23	+0.007%	$778K	$2.9M	50x	as long as short