Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%

Price spread now: SoDEX against Bitget+0.007%7-day average +0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$7 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.007%, 7d avg +0.001%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	143.50	0.0100	pay 0.0100% / 8h	1h 57m	$29.3M	$18.4M	75x
Short	SoDEX AAVE-USD	143.51	0.0100	get 0.0013% / 1h	57m 49s	$5K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.001%: $0.63
Slippage, 4 orders: −$11.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$30.64
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; SoDEX: live order book, 51 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 Bitget live order book, 1 min ago	0.35 bp	9.7 bp −$10	12.4 bp −$124	48.9 bp −$4,892	doesn't fit
Sell SoDEX live order book, 51 min ago	0.35 bp	5.3 bp −$5	10.1 bp −$101	99.7 bp −$9,970	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
Nado AAVE-PERP	−0.0055%	1h	143.62	+0.080%	$834K	$400K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.66	+0.108%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.62	+0.084%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.53	+0.021%	$218K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.57	+0.052%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.557%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.62	+0.084%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0075%	8h	143.54	+0.028%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.61	+0.075%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.58	+0.058%	$1.2M	$1.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AAVE	+0.0100%	1h	143.71	+0.143%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.44	−0.042%	$64.5M	$191.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.51	+0.007%	$61.8M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.49	−0.007%	$17.3M	$65.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.86	+0.251%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	+0.286%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.52	+0.014%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.52	+0.014%	$25.0M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.56	+0.042%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	143.50	long leg	$29.3M	$18.4M	75x
BingX AAVE-USDT	+0.0100%	8h	143.53	+0.021%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.75	+0.173%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.81	+0.218%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	+0.258%	$455K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.88	+0.265%	$134K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.78	+0.195%	$142K	$469K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.52	+0.011%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	143.51	+0.007%	$5K	$311K	10x
HTX AAVE-USDT	+0.0100%	8h	143.60	+0.067%	$682K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.56	+0.042%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.46	−0.026%	$915K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.54	+0.031%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	144.03	+0.369%	$4K	$105K	10x	as long as short
01 Exchange AAVEUSD	+0.0152%	1h	143.83	+0.230%	$11K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0172%	1h	143.61	+0.077%	$341K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.57	+0.049%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.61	+0.075%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	143.82	+0.223%	$197K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.68	+0.125%	$767K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0314%	1h	143.60	+0.069%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0320%	1h	143.61	+0.076%	$4.5M	$2.4M	10x	as long as short
Hyperliquid AAVE	+0.0352%	1h	143.69	+0.133%	$78.5M	$37.3M	10x	as long as short