Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Bybit+0.059%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

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 pays, funding is against you. gTrade (Gains Network) is 0.059% dearer against Bybit than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	141.33	0.0100	pay 0.0100% / 8h	13m 51s	$60.8M	$69.3M	75x
Short	gTrade (Gains Network) AAVE/USD	141.41	L +0.0005% / S −0.0004%	get 0.0000% / 1h	13m 51s	$79K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.059%Rate

Funding earned: −$20.19
Price spread: +0.059% → 0.000%: $5.87
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.31
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	0.35 bp	8.5 bp −$8	14.2 bp −$142	71.0 bp −$7,102	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
dYdX AAVE-USD	0.0000%	1h	141.33	−0.002%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.32	−0.007%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.43	+0.071%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	141.41	+0.059%	$79K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.092%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.08	−0.180%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0083%	8h	141.40	+0.050%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.49	+0.113%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.25	−0.053%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.33	+0.002%	$827K	$399K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.42	+0.064%	$77.2M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.39	+0.043%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.28	−0.038%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.34	+0.007%	$63.5M	$192.4M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	141.33	long leg	$60.8M	$69.3M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.28	−0.035%	$16.7M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.40	+0.050%	$91K	$221K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.40	+0.050%	$8.1M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.41	+0.057%	$22.5M	$24.4M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.40	+0.050%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.30	−0.021%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.35	+0.014%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.16	−0.118%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.14	−0.133%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.19	−0.097%	$445K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.19	−0.099%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.37	+0.028%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.36	+0.018%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.40	+0.050%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.49	+0.113%	$668K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.41	+0.057%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.18	−0.106%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.35	+0.011%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.35	+0.014%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.42	+0.065%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.19	−0.099%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.17	−0.113%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.35	+0.012%	$190K	$292K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.18	−0.107%	$110K	—	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0254%	1h	141.61	+0.198%	$385K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.41	+0.057%	$752K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.48	+0.107%	$3.4M	$2.1M	50x	as long as short