Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.013%

Price spread now: BloFin against Aevo−0.004%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.004%, 7d avg −0.014%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	142.09	0.0104	pay 0.0013% / 1h	4m 49s	$120K	$146	10x
Short	BloFin AAVE-USDT	142.09	0.0220	get 0.0220% / 8h	1h 04m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $24.36
Price spread: −0.004% → −0.014%: $1
Slippage, 4 orders: −$63.18
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$65.82
Costs to cover: 0.912%
Break-even: 25.9 days

Slippage from Aevo: live order book, 39 min ago; BloFin: 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, 39 min ago	23.51 bp	37.3 bp −$37	187.9 bp −$1,879	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.35 bp	8.3 bp −$8	13.3 bp −$133	26.6 bp −$2,661	73.6 bp −$36.8K

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	142.31	+0.150%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	+0.025%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.09	−0.004%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.10	+0.004%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.614%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.05	−0.034%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0071%	1h	142.07	−0.018%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.06	−0.025%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.50	+0.285%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.21	+0.084%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.14	+0.031%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.16	+0.044%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.20	+0.072%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.06	−0.028%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.05	−0.032%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.06	−0.025%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.20	+0.074%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.179%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.11	+0.011%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.07	−0.018%	$24.3M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.11	+0.011%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.03	−0.046%	$29.0M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.19	+0.067%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	+0.116%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	+0.029%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	+0.074%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	+0.025%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.16	+0.046%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.09	−0.007%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.06	−0.025%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.52	+0.297%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.12	+0.018%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.01	−0.060%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	142.09	long leg	$120K	$146	10x
01 Exchange AAVEUSD	+0.0112%	1h	142.14	+0.032%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0162%	1h	142.23	+0.094%	$77.8M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0168%	1h	142.20	+0.074%	$390K	$727K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.09	−0.004%	$3.3M	$3.6M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.10	+0.003%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.16	+0.049%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.137%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.20	+0.077%	$3.4M	$2.1M	50x	as long as short