Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.034%

Price spread now: Extended against Bybit−0.026%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$12 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.026%, 7d avg −0.039%

Together, before fees+0.119%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	144.99	0.0100	pay 0.0100% / 8h	1h 17m	$61.6M	$65.8M	75x
Short	Extended AAVE-USD	144.95	0.0104	get 0.0013% / 1h	17m 59s	$931K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0.84
Price spread: −0.026% → −0.039%: $1.29
Slippage, 4 orders: −$13.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.52
Costs to cover: 0.296%
Break-even: 236.3 days

Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 6 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 Bybit live order book, 1 min ago	0.34 bp	7.6 bp −$8	14.7 bp −$147	52.7 bp −$5,270	doesn't fit
Sell Extended live order book, 6 min ago	2.42 bp	7.0 bp −$7	19.4 bp −$194	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
01 Exchange AAVEUSD	−0.0144%	1h	144.97	−0.014%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0095%	1h	145.08	+0.062%	$255K	$465K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.03	+0.028%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0041%	1h	145.06	+0.048%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.18	+0.131%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.09	+0.069%	$68K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.13	+0.094%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.538%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	144.99	0.000%	$30.8M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0037%	8h	144.99	0.000%	$66.1M	$185.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.04	+0.032%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.09	+0.071%	$180K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.05	+0.041%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.97	−0.014%	$17.5M	$66.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.17	+0.125%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0063%	8h	144.98	−0.007%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.09	+0.067%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.22	+0.159%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.12	+0.087%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.05	+0.044%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.03	+0.028%	$803K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.11	+0.083%	$79.7M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.09	+0.067%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.11	+0.083%	$331K	$504K	10x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	144.99	long leg	$61.6M	$65.8M	75x
Arcus AAVE-USD	+0.0100%	1h	145.04	+0.034%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	+0.058%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.00	+0.007%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.02	+0.021%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.98	−0.007%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.10	+0.076%	$347K	$726K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.06	+0.046%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.08	+0.063%	$104K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.08	+0.062%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.12	+0.090%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.06	+0.050%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.25	+0.181%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.04	+0.034%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	144.95	−0.026%	$931K	$1.7M	50x
BloFin AAVE-USDT	+0.0146%	8h	145.14	+0.103%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.13	+0.095%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	+0.048%	$787K	$3.0M	50x	as long as short