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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0169%/8hnext payment $0.21 per $10,000 · paid last 24h +0.011%
Price spread now: Bulk against GMX−0.133%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 3 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 −$5 a day on $10k at the current rate, and Bulk is 0.133% cheaper against GMX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX AAVE/USD [AAVE-USDC]146.13L +0.0269% / S −0.0451%pay 0.0034% / 1h52m 01s$128K100x
ShortBulk AAVE-USD145.940.0100get 0.0013% / 1h52m 01s$61K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against GMX. 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
−$35.4
Price spread: −0.133% → 0.000%
−$13.34
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$67.74
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Bulk: 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 GMX no order-book sample
Sell Bulk no order-book sample
GMX and Bulk: 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
Deribit AAVE_USDC-PERPETUAL−0.0503%1h146.03−0.071%$212K$379K50xas long as short
SoDEX AAVE-USD−0.0167%1h146.01−0.085%$5K$294K10xas long as short
Kraken Futures PF_AAVEUSD−0.0061%1h146.12−0.010%$3.5M$2.0M50xas long as short
Phoenix AAVE−0.0039%1h145.93−0.140%$4K$95K10xas long as short
dYdX AAVE-USD0.0000%1h146.08−0.037%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h146.02−0.078%$63K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.12−0.010%$71K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.278%$422$51K12xas long as short
OKX AAVE-USDT-SWAP+0.0039%8h146.17+0.025%$18.4M$64.3M50xas long as short
Reya AAVERUSDPERP+0.0044%1h146.00−0.093%20xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_AAVE_USDC+0.0070%8h146.04−0.064%$18K$12K10xas long as short
RISEx AAVE/USDC+0.0090%1h146.09−0.031%$190K$236K10xas long as short
Binance AAVEUSDT+0.0095%8h146.12−0.008%$66.3M$174.4M75xas long as short
Variational Omni AAVE+0.0095%8h145.70−0.298%$3.8M$1.3Mas long as short
Lighter AAVE+0.0096%1h146.28+0.101%$4.7M$1.6M10xas long as short
Gate AAVE_USDT+0.0096%8h146.09−0.030%$7.8M$14.5M75xas long as short
MEXC AAVE_USDT+0.0096%8h146.07−0.044%$33.5M$24.6M200xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.02−0.075%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h146.00−0.092%$834K$429K10xas long as short
Aster AAVEUSDT+0.0100%8h146.15+0.008%$1.4M$1.1M50xas long as short
Pacifica AAVE+0.0100%1h145.99−0.099%$341K$482K10xas long as short
Bybit AAVEUSDT+0.0100%8h146.12−0.010%$61.9M$62.2M75xas long as short
Arcus AAVE-USD+0.0100%1h146.10−0.023%$60K$322K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h146.05−0.058%$10.4M$8.4M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.06−0.051%$30.3M$17.0M75xas long as short
BingX AAVE-USDT+0.0100%8h146.07−0.044%$42.9Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.18+0.031%$346K$596K10xas long as short
edgeX AAVEUSDC+0.0100%4h145.79−0.235%$99K$309K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h145.63−0.345%$454K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h145.56−0.393%$135K$235K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.11−0.016%$131K$466K10xas long as short
SunX AAVE-USDT+0.0100%8h146.00−0.089%$1K$1.2M20xas long as short
HTX AAVE-USDT+0.0100%8h146.01−0.087%$744K$4.8M75xas long as short
Phemex AAVEUSDT+0.0100%8h146.08−0.037%$4.1M$3.7M50xas long as short
Bulk AAVE-USDshort+0.0100%1h145.94−0.133%$61K$3K10x
Extended AAVE-USD+0.0104%1h145.98−0.107%$938K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h146.07−0.046%$123K$14610xas long as short
01 Exchange AAVEUSD+0.0120%1h146.14+0.004%$11K$2K5xas long as short
Coinbase International AAVE-PERP-INTX+0.0208%1h146.16+0.018%$778K$2.9M50xas long as short
BloFin AAVE-USDT+0.0217%8h145.95−0.126%$3.6M$5.3M100xas long as short
GMX AAVE/USD [AAVE-USDC]longL +0.0269% / S −0.0451%1h146.13long leg$128K100x
Hyperliquid AAVE+0.0598%1h146.34+0.141%$83.3M$29.7M10xas long as short