Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.017%

Price spread now: BloFin against Bulk−0.007%97s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 97 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	Bulk AAVE-USD	146.07	0.0100	pay 0.0013% / 1h	25m 38s	$61K	$360	10x
Short	BloFin AAVE-USDT	146.06	0.0161	get 0.0161% / 8h	25m 38s	$3.5M	$4.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bulk. 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 BulkbpFee BloFinbpOrdersPrice spread, now −0.007%Rate

Funding earned: $12.83
Price spread: −0.007% → 0.000%: −$0.68
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.86
Costs to cover: 0.190%
Break-even: 10.7 days

Slippage unknown: Bulk: no order-book sample; BloFin: live order book, 3 min ago. Net counts fees only.

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 Bulk no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	1.03 bp	7.1 bp −$7	12.3 bp −$123	28.1 bp −$2,814	doesn't fit

Bulk: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.80	−0.185%	$255K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	145.79	−0.192%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.18	+0.075%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	145.76	−0.212%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.77	−0.205%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.84	−0.157%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	−0.131%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.87	−0.140%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.237%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.74	−0.226%	$30.0M	$25.9M	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	+0.0041%	8h	145.76	−0.212%	$66.4M	$186.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.81	−0.180%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.77	−0.205%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	145.75	−0.219%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	145.75	−0.219%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.81	−0.175%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.96	−0.075%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.75	−0.218%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.72	−0.243%	$802K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.98	−0.062%	$80.5M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.80	−0.182%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.78	−0.196%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.76	−0.212%	$62.1M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.75	−0.219%	$51K	$273K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	146.07	long leg	$61K	$360	10x
KuCoin AAVEUSDTM	+0.0100%	8h	145.74	−0.226%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.79	−0.192%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.78	−0.199%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.91	−0.110%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	−0.001%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.08	+0.005%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	−0.026%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.07	0.000%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.91	−0.110%	$127K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.78	−0.196%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.014%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.82	−0.171%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.69	−0.257%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.81	−0.179%	$186K	$246K	10x	as long as short
BloFin AAVE-USDTshort	+0.0161%	8h	146.06	−0.007%	$3.5M	$4.0M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.84	−0.155%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.01	−0.041%	$786K	$3.0M	50x	as long as short