Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h +0.024%

Price spread now: 01 Exchange against Bybit+0.021%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 01 Exchange

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. 01 Exchange is 0.021% dearer against Bybit than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	143.63	0.0100	pay 0.0100% / 8h	6h 41m	$61.5M	$65.3M	75x
Short	01 Exchange AAVEUSD	143.66	−0.0040	pay 0.0005% / 1h	41m 21s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.021%Rate

Funding earned: −$29.4
Price spread: +0.021% → 0.000%: $2.09
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$45.31
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; 01 Exchange: 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, 3 min ago	0.35 bp	7.9 bp −$8	16.6 bp −$166	60.1 bp −$6,014	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
01 Exchange AAVEUSDshort	−0.0040%	1h	143.66	+0.021%	$11K	$2K	5x
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.78	+0.102%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.77	+0.096%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.94	+0.216%	$65K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.63	0.000%	$249K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.70	+0.047%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.08	+0.313%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.644%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0044%	8h	143.61	−0.014%	$27.2M	$24.7M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.59	−0.028%	$18K	$10K	10x	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	143.60	−0.022%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0045%	8h	143.63	0.000%	$64.8M	$185.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	143.64	+0.007%	$17.4M	$65.8M	50x	as long as short
SoDEX AAVE-USD	+0.0069%	1h	143.63	0.000%	$5K	$302K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0070%	1h	144.53	+0.627%	$134K	$230K	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.71	+0.058%	$184K	$232K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.85	+0.156%	$4.6M	$1.4M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.63	0.000%	$121K	$146	10x	as long as short
Gate AAVE_USDT	+0.0097%	8h	143.64	+0.007%	$7.7M	$15.0M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.75	+0.083%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.63	+0.003%	$798K	$429K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	+0.063%	$78.1M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.77	+0.099%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.75	+0.084%	$328K	$435K	10x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	143.63	long leg	$61.5M	$65.3M	75x
Arcus AAVE-USD	+0.0100%	1h	143.74	+0.077%	$45K	$188K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.563%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.64	+0.007%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.59	−0.028%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.65	+0.014%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.07	+0.306%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.60	−0.019%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.45	+0.574%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.19	+0.389%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.70	+0.049%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.02	+0.269%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.91	+0.196%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.57	−0.042%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.58	−0.035%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.627%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	143.68	+0.034%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.66	+0.021%	$770K	$2.8M	50x	as long as short