Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.031%

Price spread now: BloFin against Injective+4.176%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.299%+$30 on $10k

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 4.176% dearer against Injective than usual: you sell high and buy low: +$418 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	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	20m 18s	$422	$51K	12x
Short	BloFin AAVE-USDT	142.68	0.0220	get 0.0220% / 8h	4h 20m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +4.176%Rate

Funding earned: $39.2
Price spread: +4.176% → 0.000%: $417.64
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $444.82
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	2.45 bp	12.6 bp −$13	19.0 bp −$190	41.3 bp −$4,126	doesn't fit

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
01 Exchange AAVEUSD	−0.0144%	1h	142.74	+4.220%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.88	+4.322%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.82	+4.279%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.77	+4.242%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.81	+4.273%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.84	+4.297%	$842K	$448K	10x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	142.72	+4.202%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.75	+4.228%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.95	+4.374%	$4K	$102K	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	142.90	+4.338%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.89	+4.330%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.86	+4.308%	$76.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.79	+4.255%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.87	+4.318%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.78	+4.247%	$63.9M	$186.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.78	+4.249%	$61.1M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.76	+4.235%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.94	+4.366%	$64K	$203K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+4.322%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.80	+4.264%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.78	+4.249%	$25.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.79	+4.257%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.69	+4.184%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.78	+4.249%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.90	+4.337%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.71	+4.197%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.74	+4.219%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	+4.204%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.82	+4.279%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.79	+4.257%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.71	+4.200%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.78	+4.249%	$5K	$292K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.97	+4.384%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.72	+4.206%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.74	+4.218%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.81	+4.268%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.89	+4.326%	$178K	$241K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.68	+4.176%	$3.3M	$3.6M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.81	+4.269%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.87	+4.313%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.95	+4.374%	$793K	$2.8M	50x	as long as short