Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.010%

Price spread now: Orderly against Pacifica+0.044%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Orderly

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.044% dearer against Pacifica than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	140.77	0.0100	pay 0.0013% / 1h	29m 12s	$343K	$307K	10x
Short	Orderly PERP_AAVE_USDC	140.83	0.0084	get 0.0084% / 8h	5h 29m	$17K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Pacifica. 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 PacificabpFee OrderlybpOrdersPrice spread, now +0.044%Rate

Funding earned: −$3.26
Price spread: +0.044% → 0.000%: $4.4
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.86
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 17 min ago; Orderly: 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 Pacifica live order book, 17 min ago	4.95 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 exchanges

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	−0.0101%	1h	140.85	+0.058%	$7K	$224K	10x	as long as short
01 Exchange AAVEUSD	−0.0072%	1h	140.86	+0.065%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.70	−0.049%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.80	+0.023%	$51K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.90	+0.094%	$207K	$304K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.72	−0.037%	$78K	—	150x	as long as short
Bybit AAVEUSDT	+0.0009%	8h	140.77	+0.001%	$60.7M	$58.9M	75x	as long as short
Phoenix AAVE	+0.0028%	1h	140.75	−0.013%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.705%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.61	−0.115%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0081%	8h	140.84	+0.051%	$3.9M	$3.6M	50x	as long as short
Variational Omni AAVE	+0.0082%	8h	140.61	−0.111%	$3.6M	$761K	—	as long as short
Orderly PERP_AAVE_USDCshort	+0.0084%	8h	140.83	+0.044%	$17K	$2K	10x
Lighter AAVE	+0.0096%	1h	141.05	+0.201%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.73	−0.024%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.70	−0.050%	$809K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.97	+0.147%	$77.5M	$28.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.90	+0.096%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	140.77	long leg	$343K	$307K	10x
Binance AAVEUSDT	+0.0100%	8h	140.84	+0.049%	$63.4M	$160.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.77	+0.001%	$16.3M	$51.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.98	+0.151%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.86	+0.065%	$8.1M	$13.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.80	+0.023%	$22.4M	$22.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.82	+0.037%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.78	+0.009%	$29.0M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.79	+0.016%	—	$43.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.95	+0.129%	$385K	$595K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.62	−0.108%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	+0.364%	$447K	$3.1M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.68	−0.063%	$131K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.87	+0.072%	$133K	$365K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.84	+0.055%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.06	+0.205%	$638K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.19	+0.300%	$163K	$108K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.78	+0.006%	$909K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.87	+0.069%	$119K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	140.77	−0.001%	$171K	$212K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.80	+0.023%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	140.86	+0.065%	$747K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.90	+0.094%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0308%	1h	140.97	+0.146%	$3.4M	$1.8M	50x	as long as short