Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.002%

Price spread now: Aster against Bulk+0.252%54s7-day average — · you sell dearer than you buy

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

Long on Bulk Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.252% dearer against Bulk than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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	Bulk AAVE-USD	144.69	0.0080	pay 0.0010% / 1h	38m 41s	$61K	$3K	10x
Short	Aster AAVEUSDT	145.05	0.0100	get 0.0100% / 8h	1h 38m	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bulk. 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 BulkbpFee AsterbpOrdersPrice spread, now +0.252%Rate

Funding earned: $4.14
Price spread: +0.252% → 0.000%: $25.21
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $14.35
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Bulk: no order-book sample; Aster: live order book, 4 min ago. 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 Bulk no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	3.80 bp	9.9 bp −$10	22.9 bp −$229	doesn't fit	doesn't fit

Bulk: 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
01 Exchange AAVEUSD	−0.0184%	1h	144.93	+0.169%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0079%	1h	144.88	+0.134%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.79	+0.072%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.92	+0.162%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.05	+0.249%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.88	+0.134%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.00	+0.214%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.340%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	145.05	+0.252%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	145.07	+0.266%	$65.9M	$185.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.92	+0.165%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.99	+0.213%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.11	+0.293%	$17.6M	$66.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.88	+0.134%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.96	+0.191%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	144.98	+0.203%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USDlong	+0.0080%	1h	144.69	long leg	$61K	$3K	10x
Aevo AAVE-PERP	+0.0088%	1h	144.92	+0.161%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.65	−0.025%	$462K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.26	+0.398%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.06	+0.261%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.91	+0.159%	$802K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.12	+0.300%	$79.7M	$34.1M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	145.05	+0.252%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	145.06	+0.259%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.09	+0.279%	$61.6M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.93	+0.169%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.99	+0.210%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.02	+0.231%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.03	+0.238%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.00	+0.217%	$381K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.69	+0.002%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.63	−0.038%	$103K	$314K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.72	+0.024%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.02	+0.231%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.92	+0.165%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.99	+0.210%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.79	+0.072%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.94	+0.179%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0139%	8h	144.86	+0.121%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.99	+0.212%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.10	+0.286%	$783K	$3.0M	50x	as long as short