Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.020%

Price spread now: Binance against Extended−0.009%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.009%, 7d avg +0.065%

Together, before fees−0.011%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.074% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	144.26	0.0104	pay 0.0013% / 1h	10m 17s	$924K	$1.8M	50x
Short	Binance AAVEUSDT	144.25	0.0049	get 0.0049% / 8h	2h 10m	$65.7M	$184.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.009%Rate

Funding earned: −$11.55
Price spread: −0.009% → +0.065%: −$7.38
Slippage, 4 orders: −$11.67
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.6
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Binance: live order book, 3 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 Extended live order book, 3 min ago	1.74 bp	5.4 bp −$5	19.4 bp −$194	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.35 bp	7.6 bp −$8	15.0 bp −$150	43.4 bp −$4,343	149.0 bp −$74.5K

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
Deribit AAVE_USDC-PERPETUAL	−0.0304%	1h	144.30	+0.028%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0141%	1h	144.26	0.000%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	144.36	+0.070%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.39	+0.090%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.29	+0.025%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.19	−0.048%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.38	+0.086%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.33	+0.049%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.060%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.29	+0.024%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0048%	8h	144.26	0.000%	$31.2M	$26.4M	200x	as long as short
Binance AAVEUSDTshort	+0.0049%	8h	144.25	−0.009%	$65.7M	$184.8M	75x
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.29	+0.021%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.12	−0.097%	$17.4M	$66.0M	50x	as long as short
Gate AAVE_USDT	+0.0060%	8h	144.31	+0.035%	$7.8M	$15.9M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	−0.197%	$60K	$3K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0079%	1h	144.26	0.000%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.17	−0.062%	$451K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.42	+0.111%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.32	+0.041%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.34	+0.053%	$180K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.23	−0.021%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.25	−0.010%	$800K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.44	+0.125%	$80.3M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.30	+0.025%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.26	−0.002%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.19	−0.048%	$61.3M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.29	+0.021%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.33	+0.049%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.25	−0.007%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.14	−0.083%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.28	+0.014%	$381K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	−0.172%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.28	+0.012%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.40	+0.097%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.27	+0.005%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.43	+0.115%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.25	−0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	144.26	long leg	$924K	$1.8M	50x
BloFin AAVE-USDT	+0.0169%	8h	144.05	−0.145%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.174%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.36	+0.072%	$124K	—	100x	as long as short