Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.020%

Price spread now: Binance against Aevo−0.157%48s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$900.897% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.157%, 7d avg −0.001%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.156% cheaper against Aevo than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 48 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	Aevo AAVE-PERP	141.97	0.0104	pay 0.0013% / 1h	40m 29s	$120K	$146	10x
Short	Binance AAVEUSDT	141.75	0.0100	get 0.0100% / 8h	40m 29s	$63.5M	$189.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now −0.157%Rate

Funding earned: −$0.84
Price spread: −0.157% → −0.001%: −$15.63
Slippage, 4 orders: −$63.71
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.18
Costs to cover: 0.897%
Break-even: never at this rate

Slippage from Aevo: live order book, 63 min ago; Binance: live order book, 3 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 Aevo live order book, 63 min ago	23.51 bp	37.3 bp −$37	187.9 bp −$1,879	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.35 bp	6.9 bp −$7	14.5 bp −$145	46.1 bp −$4,614	145.4 bp −$72.7K

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
dYdX AAVE-USD	0.0000%	1h	141.85	−0.089%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.03	+0.040%	$48K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.95	−0.017%	$214K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.97	−0.003%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.531%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.90	−0.051%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.93	−0.031%	$17K	$7K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.99	+0.012%	$4.5M	$2.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.80	−0.126%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.83	−0.101%	$827K	$394K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.96	−0.010%	$77.7M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.84	−0.091%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.88	−0.068%	$324K	$384K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	141.75	−0.157%	$63.5M	$189.3M	75x
Bybit AAVEUSDT	+0.0100%	8h	141.75	−0.157%	$61.2M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.76	−0.150%	$17.0M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.88	−0.066%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.93	−0.031%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.83	−0.101%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.85	−0.087%	$23.6M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.83	−0.101%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.80	−0.122%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.82	−0.108%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.88	−0.068%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.98	+0.001%	$108K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.08	+0.075%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.02	+0.033%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.84	−0.094%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.91	−0.044%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.95	−0.017%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.10	+0.086%	$671K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.93	−0.031%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.73	−0.174%	$915K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.84	−0.094%	$10K	$2K	5x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	141.97	long leg	$120K	$146	10x
Phoenix AAVE	+0.0152%	1h	142.06	+0.061%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.93	−0.031%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.85	−0.088%	$187K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.97	−0.004%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.03	+0.040%	$754K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	142.01	+0.023%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0330%	1h	142.09	+0.082%	$388K	$728K	10x	as long as short