Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0215%/8h= +23.5% APRpaid last 24h +0.040%

Price spread now: BloFin against gTrade (Gains Network)+0.027%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BloFin

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.027% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	142.66	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	22m 21s	$80K	—	150x
Short	BloFin AAVE-USDT	142.70	0.0220	get 0.0220% / 8h	1h 22m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $45.16
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $25.82
Costs to cover: 0.220%
Break-even: 3.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 6 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	0.35 bp	7.5 bp −$8	14.1 bp −$141	41.0 bp −$4,099	doesn't fit

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	142.71	+0.035%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.49	−0.121%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.56	−0.071%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	142.66	long leg	$80K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.997%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.56	−0.070%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0051%	1h	142.62	−0.026%	$828K	$395K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.53	−0.093%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.81	+0.104%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.69	+0.020%	$4.5M	$2.5M	10x	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	142.63	−0.022%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.68	+0.011%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.72	+0.042%	$326K	$385K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.62	−0.030%	$64.1M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.57	−0.064%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.53	−0.093%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.76	+0.069%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.411%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.63	−0.022%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.63	−0.022%	$24.6M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.63	−0.022%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.59	−0.050%	$29.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.60	−0.043%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.76	+0.069%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.26	−0.284%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.35	−0.218%	$448K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.36	−0.212%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.69	+0.020%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.58	−0.057%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.52	−0.100%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.70	+0.027%	$676K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.58	−0.057%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.49	−0.124%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.57	−0.066%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.67	+0.006%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	142.82	+0.111%	$396K	$726K	10x	as long as short
Hyperliquid AAVE	+0.0189%	1h	142.77	+0.076%	$78.1M	$37.0M	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.70	+0.027%	$3.3M	$3.6M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.67	+0.004%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.70	+0.024%	$192K	$274K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.23	−0.303%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.64	−0.017%	$3.4M	$2.1M	50x	as long as short