Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.004%

Price spread now: Injective against Gate−4.856%84s7-day average — · you buy dearer than you sell

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.856% cheaper against Gate than usual: you would sell low and buy high (−$486 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	143.95	0.0100	pay 0.0100% / 8h	3h 51m	$8.2M	$15.9M	75x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	51m 47s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now −4.856%Rate

Funding earned: −$14
Price spread: −4.856% → 0.000%: −$485.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$514.61
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Injective: 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 Gate live order book, 2 min ago	2.43 bp	14.6 bp −$15	30.2 bp −$302	41.3 bp −$4,132	46.7 bp −$23.3K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	143.87	−0.054%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.95	0.000%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.88	−0.049%	$220K	$402K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.93	−0.013%	$80K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−4.856%	$422	$51K	12x
Phoenix AAVE	+0.0033%	1h	143.71	−0.167%	$4K	$106K	10x	as long as short
Phemex AAVEUSDT	+0.0036%	8h	143.81	−0.097%	$4.0M	$3.7M	50x	as long as short
Nado AAVE-PERP	+0.0043%	1h	143.95	+0.003%	$847K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.92	−0.023%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	143.87	−0.056%	$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
Lighter AAVE	+0.0096%	1h	144.06	+0.076%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.87	−0.055%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.04	+0.063%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.90	−0.033%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.86	−0.063%	$64.3M	$187.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.85	−0.069%	$61.9M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.84	−0.076%	$17.2M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.11	+0.111%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.81	−0.097%	$58K	$2K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	143.95	long leg	$8.2M	$15.9M	75x
MEXC AAVE_USDT	+0.0100%	8h	143.98	+0.021%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.04	+0.063%	$10.6M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.86	−0.063%	$29.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.89	−0.042%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.396%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.71	−0.168%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.54	−0.287%	$462K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.75	−0.139%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.03	+0.056%	$128K	$443K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.91	−0.031%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.90	−0.035%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.01	+0.043%	$693K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.91	−0.025%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.95	−0.002%	$122K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	144.08	+0.090%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	144.06	+0.077%	$186K	$250K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0195%	1h	144.10	+0.104%	$338K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.01	+0.042%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	143.97	+0.015%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.93	−0.013%	$113K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	144.18	+0.160%	$791K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0414%	1h	144.08	+0.092%	$79.2M	$36.7M	10x	as long as short