Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: SoDEX against Aster−0.043%7-day average −0.031% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.043%, 7d avg −0.031%

Together, before fees+0.036%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	141.04	0.0100	pay 0.0100% / 8h	22m 24s	$1.2M	$1.2M	50x
Short	SoDEX AAVE-USD	140.98	0.0100	get 0.0013% / 1h	22m 24s	$5K	$297K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Aster. 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 AsterbpFee SoDEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.031%: −$1.21
Slippage, 4 orders: −$17.82
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$35.03
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; SoDEX: live order book, 16 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 Aster live order book, 1 min ago	1.77 bp	12.7 bp −$13	36.6 bp −$366	doesn't fit	doesn't fit
Sell SoDEX live order book, 16 min ago	0.35 bp	5.1 bp −$5	10.0 bp −$100	91.8 bp −$9,185	doesn't fit

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	141.09	+0.038%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.97	−0.050%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.00	−0.029%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.01	−0.020%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.894%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.94	−0.070%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	140.96	−0.057%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.25	+0.150%	$4.5M	$2.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.01	−0.025%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.97	−0.054%	$823K	$397K	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	141.12	+0.058%	$77.0M	$37.1M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	141.04	long leg	$1.2M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	141.10	+0.043%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.98	−0.043%	$63.1M	$191.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.96	−0.057%	$60.6M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.96	−0.057%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.13	+0.063%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.09	+0.034%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.01	−0.022%	$8.0M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.99	−0.036%	$22.9M	$24.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.01	−0.022%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.95	−0.065%	$28.6M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.98	−0.043%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.88	−0.115%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.91	−0.091%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.94	−0.069%	$443K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.98	−0.043%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.04	−0.001%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.99	−0.038%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	140.98	−0.043%	$5K	$297K	10x
HTX AAVE-USDT	+0.0100%	8h	141.09	+0.038%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.03	−0.008%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.93	−0.077%	$910K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.05	+0.006%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.01	−0.024%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.01	−0.022%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.96	−0.057%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.05	+0.003%	$188K	$292K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0249%	1h	141.15	+0.077%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.00	−0.028%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.15	+0.077%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0272%	1h	141.04	+0.001%	$3.4M	$2.1M	50x	as long as short