Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0392%/8h= −42.9% APRnext payment $0.49 per $10,000 · paid last 24h −0.053%
Price spread now: 01 Exchange against Coinbase International−0.438%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and 01 Exchange is 0.438% cheaper against Coinbase International than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAVE-PERP-INTX143.930.0336pay 0.0042% / 1h7m 51s$782K$2.8M50x
Short01 Exchange AAVEUSD143.30−0.0056pay 0.0007% / 1h7m 51s$10K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Coinbase International. 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

Funding earned
−$82.32
Price spread: −0.438% → 0.000%
−$43.77
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$143.09
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 1 min ago5.58 bp13.3 bp −$1317.3 bp −$173doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange AAVEUSDshort−0.0056%1h143.30−0.438%$10K$2K5x
dYdX AAVE-USD0.0000%1h143.45−0.333%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h143.36−0.396%$59K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h143.37−0.389%$227K$389K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h143.41−0.360%$80K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.843%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h143.31−0.431%20xas long as short
Orderly PERP_AAVE_USDC+0.0046%8h143.34−0.410%$18K$10K10xas long as short
Nado AAVE-PERP+0.0058%1h143.31−0.431%$827K$433K10xas long as short
Phoenix AAVE+0.0089%1h143.75−0.125%$5K$98K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAVE+0.0096%1h143.54−0.274%$4.6M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h143.45−0.336%$13K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h143.40−0.368%$77.6M$34.9M10xas long as short
Aster AAVEUSDT+0.0100%8h143.35−0.403%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h143.42−0.353%$326K$434K10xas long as short
Binance AAVEUSDT+0.0100%8h143.18−0.521%$64.1M$182.6M75xas long as short
Bybit AAVEUSDT+0.0100%8h143.21−0.500%$61.2M$64.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h143.19−0.514%$17.1M$63.1M50xas long as short
Arcus AAVE-USD+0.0100%1h143.34−0.410%$44K$179K10xas long as short
Bulk AAVE-USD+0.0100%1h144.07+0.100%$58K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h143.22−0.493%$7.8M$15.2M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.19−0.514%$25.9M$23.7M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.28−0.452%$10.7M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.19−0.514%$30.0M$17.4M75xas long as short
BingX AAVE-USDC+0.0100%8h143.20−0.507%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h143.38−0.382%$320K$692K10xas long as short
Variational Omni AAVE+0.0100%8h143.66−0.190%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.67−0.182%$103K$278K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.74−0.131%$451K$3.7M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.90−0.021%$134K$219K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h143.36−0.396%$128K$422K10xas long as short
SunX AAVE-USDT+0.0100%8h143.29−0.443%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.33−0.417%$5K$301K10xas long as short
HTX AAVE-USDT+0.0100%8h143.55−0.264%$691K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h143.39−0.375%$4.0M$3.7M50xas long as short
Extended AAVE-USD+0.0104%1h143.17−0.529%$913K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h142.77−0.805%$121K$14610xas long as short
RISEx AAVE/USDC+0.0195%1h143.36−0.394%$184K$237K10xas long as short
BloFin AAVE-USDT+0.0220%8h143.36−0.396%$3.4M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0263% / S −0.0420%1h143.38−0.384%$124K100xas long as short
Kraken Futures PF_AAVEUSD+0.0268%1h143.46−0.325%$3.5M$2.1M50xas long as short
Coinbase International AAVE-PERP-INTXlong+0.0336%1h143.93long leg$782K$2.8M50x