Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.040%

Price spread now: GMX against Bitget+0.074%7-day average +0.064% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.158%−$16 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now +0.074%, 7d avg +0.064%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	146.23	0.0100	pay 0.0100% / 8h	7h 08m	$30.3M	$18.0M	75x
Short	GMX AAVE/USD [AAVE-USDC]	146.34	L +0.0235% / S −0.0373%	get 0.0047% / 1h	8m 22s	$130K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $57.28
Price spread: +0.074% → +0.064%: $0.98
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $34.26
Costs to cover: 0.240%
Break-even: 2.8 days

Slippage unknown: Bitget: live order book, 5 min ago; GMX: 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 Bitget live order book, 5 min ago	1.37 bp	10.5 bp −$10	19.8 bp −$198	62.8 bp −$6,282	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.36	+0.091%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0144%	1h	146.16	−0.048%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0056%	1h	146.27	+0.027%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	−0.0008%	8h	146.51	+0.191%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	−0.029%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.48	+0.171%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.51	+0.191%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.30	+0.048%	$255K	$367K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.34	+0.075%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0024%	8h	146.25	+0.014%	$28.6M	$25.9M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0026%	8h	146.29	+0.041%	$66.2M	$183.3M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.339%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	146.27	+0.027%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	+0.012%	—	—	20x	as long as short
ApeX Omni AAVEUSDT	+0.0047%	1h	146.25	+0.014%	$136K	$231K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	146.28	+0.034%	$17.9M	$66.2M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.33	+0.068%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.36	+0.088%	$4.7M	$1.5M	10x	as long as short
BloFin AAVE-USDT	+0.0099%	8h	146.54	+0.212%	$3.5M	$3.5M	100x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.16	−0.046%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.11	−0.082%	$799K	$422K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.39	+0.109%	$79.8M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.20	−0.018%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.20	−0.022%	$334K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.29	+0.041%	$62.7M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.16	−0.048%	$46K	$275K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.303%	$59K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.32	+0.062%	$7.9M	$15.3M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.30	+0.048%	$11.0M	$9.0M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	146.23	long leg	$30.3M	$18.0M	75x
BingX AAVE-USDC	+0.0100%	8h	146.27	+0.027%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.58	+0.239%	$331K	$739K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.27	+0.028%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.26	+0.023%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	+0.109%	$466K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.27	+0.027%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.28	+0.037%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.59	+0.248%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	+0.012%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.18	−0.031%	$185K	$245K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0235% / S −0.0373%	1h	146.34	+0.074%	$130K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	+0.130%	$784K	$2.9M	50x	as long as short