Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.299%

Price spread now: Aster against Deribit+0.015%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.484%+$48 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.015%, 7d avg +0.033%

Together, before fees+0.263%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	142.53	0	get 0.0000% / 1h	1m 06s	$218K	$390K	50x
Short	Aster AAVEUSDT	142.55	0.0100	get 0.0100% / 8h	3h 01m	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.015%Rate

Funding earned: $21
Price spread: +0.015% → +0.033%: −$1.76
Slippage, 4 orders: −$27.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.8
Costs to cover: 0.420%
Break-even: 14.6 days

Slippage from Deribit: live order book, 48 min ago; Aster: live order book, 2 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 Deribit live order book, 48 min ago	5.22 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.40 bp	15.9 bp −$16	30.3 bp −$303	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
dYdX AAVE-USD	0.0000%	1h	142.36	−0.118%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.41	−0.084%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALlong	0.0000%	1h	142.53	long leg	$218K	$390K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.50	−0.018%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.908%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.46	−0.049%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0043%	1h	142.45	−0.056%	$828K	$400K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.48	−0.034%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	142.50	−0.021%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0076%	8h	142.51	−0.014%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.42	−0.076%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.64	+0.077%	$78.0M	$37.1M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	142.55	+0.015%	$1.2M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	142.46	−0.046%	$326K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.54	+0.007%	$63.7M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.58	+0.035%	$61.2M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.55	+0.014%	$17.1M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.60	+0.049%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.61	+0.056%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.52	−0.007%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.54	+0.007%	$25.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.54	+0.007%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.53	0.000%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.51	−0.014%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.62	+0.063%	$335K	$725K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.46	−0.049%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.64	+0.077%	$104K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.78	+0.177%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.66	+0.091%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.60	+0.049%	$131K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.44	−0.062%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.51	−0.014%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.61	+0.055%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.49	−0.030%	$906K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.54	+0.007%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.53	−0.004%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.55	+0.013%	$186K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.53	0.000%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.57	+0.031%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.50	−0.019%	$111K	—	100x	as long as short
Lighter AAVE	+0.0264%	1h	142.75	+0.156%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.48	−0.035%	$783K	$2.8M	50x	as long as short