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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment $0.13 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Orderly+0.069%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Binance is 0.069% dearer against Orderly than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_AAVE_USDC144.980.0049pay 0.0049% / 8h1h 19m$18K$12K10x
ShortBinance AAVEUSDT145.080.0037get 0.0037% / 8h1h 19m$66.1M$185.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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
−$2.67
Price spread: +0.069% → 0.000%
$6.9
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Binance: 5 bp × 2 orders
−$10
Net
−$11.78
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 8 min ago. 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 Orderly no order-book sample
Sell Binance live order book, 8 min ago0.35 bp8.7 bp −$917.4 bp −$17448.5 bp −$4,851163.6 bp −$81.8K
Orderly: 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
01 Exchange AAVEUSD−0.0144%1h145.15+0.117%$11K$2K5xas long as short
Phoenix AAVE−0.0045%1h145.03+0.034%$5K$100K10xas long as short
SoDEX AAVE-USD−0.0040%1h145.01+0.021%$5K$298K10xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0026%1h145.03+0.034%$255K$465K50xas long as short
dYdX AAVE-USD0.0000%1h145.18+0.138%$104K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.21+0.159%$68K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h145.14+0.112%$70K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.532%$422$51K12xas long as short
MEXC AAVE_USDT+0.0036%8h145.09+0.076%$30.8M$25.9M200xas long as short
Binance AAVEUSDTshort+0.0037%8h145.08+0.069%$66.1M$185.5M75x
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya AAVERUSDPERP+0.0044%1h145.09+0.073%20xas long as short
RISEx AAVE/USDC+0.0046%1h145.20+0.150%$181K$244K10xas long as short
Orderly PERP_AAVE_USDClong+0.0049%8h144.98long leg$18K$12K10x
OKX AAVE-USDT-SWAP+0.0053%8h145.09+0.076%$17.6M$66.8M50xas long as short
Kraken Futures PF_AAVEUSD+0.0054%1h145.17+0.128%$3.5M$2.1M50xas long as short
Gate AAVE_USDT+0.0064%8h145.11+0.090%$7.8M$15.9M75xas long as short
Aevo AAVE-PERP+0.0088%1h145.02+0.024%$122K$14610xas long as short
GRVT AAVE_USDT_Perp+0.0094%8h144.79−0.134%$457K$3.8M10xas long as short
Lighter AAVE+0.0096%1h145.26+0.191%$4.7M$1.6M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.13+0.104%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.13+0.100%$803K$436K10xas long as short
Hyperliquid AAVE+0.0100%1h145.20+0.152%$79.8M$33.7M10xas long as short
Aster AAVEUSDT+0.0100%8h145.16+0.124%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.14+0.112%$331K$505K10xas long as short
Bybit AAVEUSDT+0.0100%8h145.08+0.069%$61.6M$65.8M75xas long as short
Arcus AAVE-USD+0.0100%1h145.16+0.124%$50K$273K10xas long as short
Bulk AAVE-USD+0.0100%1h145.07+0.065%$61K$3K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h145.10+0.083%$9.9M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.12+0.097%$30.3M$18.3M75xas long as short
BingX AAVE-USDC+0.0100%8h145.09+0.076%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h145.17+0.131%$347K$727K10xas long as short
Variational Omni AAVE+0.0100%8h145.06+0.053%$3.8M$1.4Mas long as short
edgeX AAVEUSDC+0.0100%4h144.72−0.180%$103K$315K20xas long as short
ApeX Omni AAVEUSDT+0.0100%1h144.77−0.145%$135K$229K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h145.18+0.138%$127K$467K10xas long as short
SunX AAVE-USDT+0.0100%8h145.07+0.064%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h145.25+0.186%$696K$5.0M75xas long as short
Phemex AAVEUSDT+0.0100%8h145.13+0.103%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h145.06+0.056%$931K$1.7M50xas long as short
BloFin AAVE-USDT+0.0145%8h145.11+0.090%$3.5M$4.0M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0267% / S −0.0438%1h145.14+0.109%$125K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0272%1h145.06+0.055%$787K$3.0M50xas long as short