Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.048%

Price spread now: Bulk against OKX+0.045%45s7-day average — · you sell dearer than you buy

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

Long on OKX Short on Bulk

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 +$1 a day on $10k at the current rate, and Bulk is 0.045% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	OKX AAVE-USDT-SWAP	143.91	0.0054	pay 0.0054% / 8h	2h 07m	$17.4M	$65.9M	50x
Short	Bulk AAVE-USD	143.97	0.0073	get 0.0009% / 1h	7m 54s	$60K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against OKX. 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 OKXbpFee BulkbpOrdersPrice spread, now +0.045%Rate

Funding earned: $4.04
Price spread: +0.045% → 0.000%: $4.52
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$8.44
Costs to cover: 0.170%
Break-even: 21.6 days

Slippage unknown: OKX: live order book, 1 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 1 min ago	0.35 bp	8.1 bp −$8	13.1 bp −$131	49.7 bp −$4,970	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAVE_USDC-PERPETUAL	−0.0375%	1h	143.90	−0.007%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0133%	1h	143.80	−0.076%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	144.07	+0.111%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.132%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.12	+0.148%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.90	−0.007%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.00	+0.065%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.97	+0.040%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.829%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.01	+0.069%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0048%	8h	143.90	−0.007%	$65.5M	$185.0M	75x	as long as short
MEXC AAVE_USDT	+0.0049%	8h	143.89	−0.014%	$31.1M	$26.4M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.93	+0.014%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0054%	8h	143.91	long leg	$17.4M	$65.9M	50x
ApeX Omni AAVEUSDT	+0.0058%	1h	144.02	+0.076%	$134K	$230K	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	143.89	−0.014%	$7.8M	$16.0M	75x	as long as short
Bulk AAVE-USDshort	+0.0073%	1h	143.97	+0.045%	$60K	$3K	10x
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.02	+0.077%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.02	+0.078%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.91	0.000%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.08	+0.116%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.01	+0.071%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.02	+0.076%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.99	+0.056%	$80.0M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.93	+0.014%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.06	+0.104%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.91	0.000%	$61.2M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.04	+0.090%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.94	+0.021%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.89	−0.014%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.87	−0.028%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.96	+0.035%	$380K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	+0.070%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.99	+0.058%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.11	+0.139%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.02	+0.074%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.252%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.89	−0.014%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.88	−0.020%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.04	+0.090%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.417%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.04	+0.088%	$124K	—	100x	as long as short