Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.019%

Price spread now: Aevo against BloFin−0.162%113s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1001.001% of the position

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.162%, 7d avg −0.001%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.161% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	146.06	0.0161	pay 0.0161% / 8h	25m 22s	$3.5M	$4.0M	100x
Short	Aevo AAVE-PERP	145.82	0.0088	get 0.0011% / 1h	25m 22s	$123K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.162%Rate

Funding earned: −$15.35
Price spread: −0.162% → −0.001%: −$16.11
Slippage, 4 orders: −$72.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$131.56
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Aevo: live order book, 53 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 BloFin live order book, 3 min ago	1.03 bp	8.8 bp −$9	13.6 bp −$136	29.8 bp −$2,984	doesn't fit
Sell Aevo live order book, 53 min ago	26.19 bp	39.1 bp −$39	doesn't fit	doesn't fit	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
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.80	−0.178%	$255K	$394K	50x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	145.79	−0.185%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	−0.082%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	145.76	−0.205%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.77	−0.198%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.84	−0.151%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	−0.124%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.84	−0.151%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.230%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.74	−0.219%	$30.0M	$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	+0.0041%	8h	145.76	−0.207%	$66.4M	$186.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.76	−0.204%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.79	−0.185%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	145.78	−0.192%	$17.9M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	145.77	−0.199%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERPshort	+0.0088%	1h	145.82	−0.162%	$123K	$146	10x
Lighter AAVE	+0.0096%	1h	145.96	−0.068%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.75	−0.211%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.72	−0.236%	$802K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.94	−0.082%	$80.5M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.83	−0.156%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.78	−0.189%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.76	−0.205%	$62.1M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.75	−0.212%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.007%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.75	−0.212%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.79	−0.185%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.80	−0.178%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.91	−0.103%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	+0.006%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.08	+0.012%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	−0.019%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.07	+0.007%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.82	−0.164%	$127K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.78	−0.190%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.021%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.82	−0.164%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.69	−0.250%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.81	−0.172%	$186K	$246K	10x	as long as short
BloFin AAVE-USDTlong	+0.0161%	8h	146.06	long leg	$3.5M	$4.0M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.83	−0.157%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.01	−0.034%	$786K	$3.0M	50x	as long as short