Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h +0.014%

Price spread now: 01 Exchange against Binance+0.077%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.077% dearer against Binance than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	143.60	0.0100	pay 0.0100% / 8h	5h 12m	$64.3M	$182.5M	75x
Short	01 Exchange AAVEUSD	143.71	−0.0048	pay 0.0006% / 1h	12m 02s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Binance. 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 BinancebpFee 01 ExchangebpOrdersPrice spread, now +0.077%Rate

Funding earned: −$31.08
Price spread: +0.077% → 0.000%: $7.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$40.42
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 1 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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 Binance live order book, 1 min ago	0.35 bp	6.5 bp −$6	11.8 bp −$118	43.5 bp −$4,351	191.4 bp −$95.7K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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
Deribit AAVE_USDC-PERPETUAL	−0.0376%	1h	143.61	+0.007%	$228K	$389K	50x	as long as short
01 Exchange AAVEUSDshort	−0.0048%	1h	143.71	+0.077%	$11K	$2K	5x
dYdX AAVE-USD	0.0000%	1h	143.74	+0.095%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.71	+0.077%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.73	+0.093%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.624%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.64	+0.031%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.66	+0.042%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0056%	1h	143.78	+0.125%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	+0.327%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.77	+0.120%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.75	+0.105%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.72	+0.084%	$77.7M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.77	+0.116%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.79	+0.131%	$328K	$433K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	143.60	long leg	$64.3M	$182.5M	75x
Bybit AAVEUSDT	+0.0100%	8h	143.61	+0.007%	$61.3M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.61	+0.007%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.75	+0.104%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.330%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.59	−0.007%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.61	+0.007%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.66	+0.042%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.65	+0.035%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.59	−0.007%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.65	+0.035%	$320K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.471%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.517%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	+0.550%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.557%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.74	+0.097%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.74	+0.098%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.63	+0.021%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.76	+0.111%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.67	+0.049%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.57	−0.022%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.69	+0.066%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.78	+0.124%	$186K	$236K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.85	+0.174%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.72	+0.085%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.72	+0.083%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.02	+0.292%	$783K	$2.8M	50x	as long as short