Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.007%

Price spread now: Injective against Bitget−3.181%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.181% cheaper against Bitget than usual: you would sell low and buy high (−$318 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	141.46	0.0100	pay 0.0100% / 8h	7h 58m	$28.7M	$18.0M	75x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	58m 52s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.181%Rate

Funding earned: −$14
Price spread: −3.181% → 0.000%: −$318.11
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$344.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Injective: 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	0.35 bp	9.5 bp −$10	13.6 bp −$136	51.6 bp −$5,162	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
dYdX AAVE-USD	0.0000%	1h	141.63	+0.117%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.49	+0.021%	$46K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.42	−0.028%	$79K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−3.181%	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	141.34	−0.088%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.38	−0.057%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.59	+0.095%	$4.5M	$2.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.51	+0.036%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.37	−0.060%	$827K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.52	+0.042%	$77.3M	$37.2M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	141.56	+0.068%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.54	+0.059%	$330K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.52	+0.042%	$63.7M	$192.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.56	+0.071%	$61.0M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.64	+0.127%	$16.6M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.62	+0.113%	$92K	$222K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.51	+0.035%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.46	0.000%	$23.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.47	+0.007%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	141.46	long leg	$28.7M	$18.0M	75x
BingX AAVE-USDC	+0.0100%	8h	141.51	+0.035%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.53	+0.047%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.28	−0.127%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.49	+0.018%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.24	−0.156%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.43	−0.021%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.36	−0.068%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.37	−0.064%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.40	−0.046%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.44	−0.014%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.32	−0.099%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.43	−0.024%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.43	−0.022%	$119K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0149%	1h	141.51	+0.035%	$385K	$732K	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.70	+0.170%	$4K	$97K	10x	as long as short
01 Exchange AAVEUSD	+0.0192%	1h	141.47	+0.007%	$10K	$2K	5x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.70	+0.170%	$754K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.37	−0.064%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.53	+0.052%	$184K	$294K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.45	−0.004%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.41	−0.038%	$110K	—	100x	as long as short
Deribit AAVE_USDC-PERPETUAL	+0.0599%	1h	141.51	+0.035%	$213K	$392K	50x	as long as short