Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.012%

Price spread now: BloFin against Bulk−0.077%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.077% cheaper against Bulk than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	142.12	0.0100	pay 0.0013% / 1h	40m 36s	$57K	$2K	10x
Short	BloFin AAVE-USDT	142.01	0.0220	get 0.0220% / 8h	4h 40m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $25.2
Price spread: −0.077% → 0.000%: −$7.74
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.54
Costs to cover: 0.190%
Break-even: 7.4 days

Slippage unknown: Bulk: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.70 bp	7.4 bp −$7	11.6 bp −$116	27.6 bp −$2,761	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	−0.0168%	1h	142.11	−0.007%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.27	+0.109%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.01	−0.077%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.05	−0.049%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.05	−0.047%	$79K	—	150x	as long as short
SoDEX AAVE-USD	+0.0017%	1h	142.02	−0.070%	$5K	$299K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.631%	$422	$51K	12x	as long as short
Nado AAVE-PERP	+0.0043%	1h	141.89	−0.158%	$841K	$447K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.88	−0.169%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.04	−0.056%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.05	−0.049%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.23	+0.075%	$4.5M	$1.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.20	+0.056%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.34	+0.155%	$76.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.26	+0.101%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.23	+0.077%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.21	+0.063%	$63.5M	$185.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.18	+0.042%	$60.8M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.17	+0.035%	$17.0M	$63.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.29	+0.120%	$63K	$204K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	142.12	long leg	$57K	$2K	10x
Gate AAVE_USDT	+0.0100%	8h	142.21	+0.063%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.19	+0.049%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.25	+0.091%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.14	+0.014%	$28.9M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.15	+0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.19	+0.049%	$337K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.94	−0.128%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.18	+0.044%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.11	−0.007%	$449K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.11	−0.007%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.94	−0.127%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.93	−0.134%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.11	−0.007%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.06	−0.042%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.09	−0.022%	$892K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.06	−0.040%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.22	+0.068%	$177K	$241K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.01	−0.077%	$3.3M	$3.6M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.01	−0.074%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.13	+0.004%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.18	+0.042%	$788K	$2.9M	50x	as long as short