Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0057%/8hnext payment −$0.07 per $10,000 · paid last 24h +0.110%

Price spread now: 01 Exchange against Injective+5.250%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 01 Exchange

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

The price spread pays, funding is against you. 01 Exchange is 5.250% dearer against Injective than usual: you sell high and buy low (spread +5.250% now, against zero (this spread has no 7-day history yet)): +$525 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 months.

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	32m 41s	$422	$51K	12x
Short	01 Exchange AAVEUSD	144.15	−0.0024	pay 0.0003% / 1h	32m 41s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +5.250%Rate

Funding earned: −$12.04
Price spread: +5.250% → 0.000%: $524.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $505.91
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 01 Exchange: 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 Injective no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Injective and 01 Exchange: 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
SoDEX AAVE-USD	−0.0100%	1h	144.09	+5.206%	$5K	$281K	10x	as long as short
01 Exchange AAVEUSDshort	−0.0024%	1h	144.15	+5.250%	$11K	$2K	5x
dYdX AAVE-USD	0.0000%	1h	144.14	+5.246%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.07	+5.191%	$59K	$1.4M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	143.94	+5.096%	$4K	$92K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.17	+5.264%	$194K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.16	+5.257%	$70K	—	150x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	144.07	+5.194%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.14	+5.242%	$18.0M	$63.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0070%	8h	144.10	+5.213%	$18K	$12K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0078%	1h	144.01	+5.147%	$134K	$236K	50x	as long as short
Gate AAVE_USDT	+0.0091%	8h	144.12	+5.228%	$7.7M	$14.1M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.30	+5.361%	$4.6M	$1.6M	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.87	+5.042%	$3.8M	$1.3M	—	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.17	+5.265%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.04	+5.173%	$822K	$426K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.25	+5.323%	$80.5M	$28.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.19	+5.282%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.17	+5.264%	$336K	$474K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.16	+5.257%	$65.2M	$172.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.14	+5.242%	$61.3M	$61.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.17	+5.264%	$61K	$391K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.16	+5.257%	$58K	−$0	10x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.15	+5.250%	$33.2M	$24.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.12	+5.228%	$10.3M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.05	+5.177%	$29.9M	$16.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.09	+5.206%	—	$42.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.17	+5.264%	$330K	$591K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.04	+5.169%	$98K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.07	+5.195%	$453K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.14	+5.242%	$130K	$465K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.00	+5.141%	$2K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.36	+5.401%	$711K	$4.7M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.08	+5.199%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.14	+5.239%	$923K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.14	+5.246%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0105%	1h	144.17	+5.262%	$192K	$234K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	144.16	+5.257%	$743K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0211%	1h	144.24	+5.313%	$3.5M	$2.1M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.02	+5.155%	$3.6M	$5.2M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	144.18	+5.268%	$127K	—	100x	as long as short