Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.027%

Price spread now: Binance against SoDEX+0.002%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.002%, 7d avg +0.019%

Together, before fees−0.231%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	142.66	0.0087	pay 0.0011% / 1h	15m 06s	$5K	$293K	10x
Short	Binance AAVEUSDT	142.66	0.0100	get 0.0100% / 8h	4h 15m	$63.8M	$186.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.002%Rate

Funding earned: $2.81
Price spread: +0.002% → +0.019%: −$1.65
Slippage, 4 orders: −$8.26
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.09
Costs to cover: 0.263%
Break-even: 69.4 days

Slippage from SoDEX: live order book, 43 min ago; Binance: live order book, 13 min ago.

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 SoDEX live order book, 43 min ago	0.35 bp	5.5 bp −$6	11.1 bp −$111	94.8 bp −$9,478	doesn't fit
Sell Binance live order book, 13 min ago	0.35 bp	9.4 bp −$9	18.0 bp −$180	47.1 bp −$4,712	149.8 bp −$74.9K

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
01 Exchange AAVEUSD	−0.0144%	1h	142.66	0.000%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.70	+0.028%	$219K	$401K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.64	−0.011%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.65	−0.007%	$46K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.72	+0.042%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0014%	1h	142.59	−0.049%	$840K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.996%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.59	−0.051%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.67	+0.007%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.83	+0.119%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USDlong	+0.0087%	1h	142.66	long leg	$5K	$293K	10x
Lighter AAVE	+0.0096%	1h	142.81	+0.104%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.65	−0.009%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.78	+0.084%	$76.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.72	+0.040%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.66	−0.003%	$326K	$447K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	142.66	+0.002%	$63.8M	$186.4M	75x
Bybit AAVEUSDT	+0.0100%	8h	142.68	+0.014%	$61.1M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.67	+0.007%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.79	+0.091%	$64K	$203K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.154%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.72	+0.042%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.68	+0.014%	$25.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.70	+0.028%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.58	−0.056%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.70	+0.028%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.79	+0.091%	$336K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.61	−0.035%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.71	+0.034%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.063%	$459K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.78	+0.084%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.73	+0.049%	$124K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.60	−0.041%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.07	+0.287%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.68	+0.014%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.64	−0.016%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.71	+0.037%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.75	+0.061%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.70	+0.028%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.72	+0.040%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.75	+0.060%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.112%	$792K	$2.8M	50x	as long as short