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

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.019%
Price spread now: Pacifica against Phoenix+0.158%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 7 days+0.029%+$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.158% dearer against Phoenix than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix AAVE141.720.0062pay 0.0008% / 1h20m 45s$4K$97K10x
ShortPacifica AAVE141.940.0100get 0.0013% / 1h20m 45s$346K$340K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Phoenix. 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
$8.06
Price spread: +0.158% → 0.000%
$15.81
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$8.87
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Phoenix: no order-book sample; Pacifica: live order book, 30 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 Phoenix no order-book sample
Sell Pacifica live order book, 30 min ago1.07 bp5.2 bp −$5doesn't fitdoesn't fitdoesn't fit
Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX AAVE-USD−0.0108%1h141.82+0.071%$6K$241K10xas long as short
ApeX Omni AAVEUSDT−0.0070%1h141.55−0.120%$132K$221K50xas long as short
dYdX AAVE-USD0.0000%1h141.94+0.152%$102K$6K10xas long as short
01 Exchange AAVEUSD0.0000%1h141.75+0.021%$10K$1K5xas long as short
Kalshi KXAAVEPERP0.0000%8h141.90+0.127%$42K$1.4M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h141.87+0.106%$210K$356K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.90+0.129%$79K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.359%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.81+0.064%20xas long as short
Phemex AAVEUSDT+0.0046%8h141.82+0.071%$3.9M$3.6M50xas long as short
Show all 42 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit AAVEUSDT+0.0052%8h141.80+0.056%$61.1M$62.3M75xas long as short
Phoenix AAVElong+0.0062%1h141.72long leg$4K$97K10x
Orderly PERP_AAVE_USDC+0.0089%8h141.81+0.064%$17K$2K10xas long as short
Lighter AAVE+0.0096%1h141.98+0.181%$4.6M$2.2M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.89+0.117%$13K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h141.90+0.127%$814K$319K10xas long as short
Hyperliquid AAVE+0.0100%1h142.00+0.198%$78.0M$31.6M10xas long as short
Aster AAVEUSDT+0.0100%8h141.90+0.127%$1.2M$1.1M50xas long as short
Pacifica AAVEshort+0.0100%1h141.94+0.158%$346K$340K10x
Binance AAVEUSDT+0.0100%8h141.81+0.064%$63.9M$170.9M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.81+0.064%$16.5M$55.3M50xas long as short
Arcus AAVE-USD+0.0100%1h142.10+0.268%$95K$209K10xas long as short
Bulk AAVE-USD+0.0100%1h141.80+0.056%$164K$106K10xas long as short
Gate AAVE_USDT+0.0100%8h141.87+0.106%$8.1M$14.2M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.84+0.085%$22.1M$24.1M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.88+0.113%$10.3M$9.3M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.83+0.078%$29.3M$16.7M75xas long as short
BingX AAVE-USDT+0.0100%8h141.83+0.078%$43.3Mas long as short
Variational Omni AAVE+0.0100%8h141.78+0.039%$3.7M$724Kas long as short
edgeX AAVEUSDC+0.0100%4h141.58−0.100%$109K$283K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h141.58−0.099%$452K$3.3M10xas long as short
Polymarket Perps AAVE-USD+0.0100%1h142.04+0.226%$134K$401K10xas long as short
SunX AAVE-USDT+0.0100%8h141.81+0.067%$2K$1.2M20xas long as short
HTX AAVE-USDT+0.0100%8h142.02+0.211%$663K$1.5M75xas long as short
Extended AAVE-USD+0.0104%1h141.79+0.051%$916K$1.6M50xas long as short
Aevo AAVE-PERP+0.0104%1h141.89+0.118%$120K$14610xas long as short
Backpack AAVE_USDC_PERP+0.0109%1h142.01+0.205%$388K$634K10xas long as short
RISEx AAVE/USDC+0.0164%1h142.03+0.216%$172K$204K10xas long as short
Kraken Futures PF_AAVEUSD+0.0176%1h141.97+0.174%$3.4M$1.9M50xas long as short
BloFin AAVE-USDT+0.0220%8h141.86+0.099%$3.3M$3.4M100xas long as short
Coinbase International AAVE-PERP-INTX+0.0232%1h142.00+0.198%$753K$2.3M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0253% / S −0.0360%1h141.89+0.122%$111K100xas long as short